Common use of Account Ceiling Clause in Contracts

Account Ceiling. If the Account balance exceeds the unpaid balance on the loan, Lender may apply the funds in the Account to pay off the loan and will return any excess funds.

Appears in 2 contracts

Samples: Loan Agreement (Great Plains Ethanol LLC), Credit Agreement (Great Plains Ethanol LLC)

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Account Ceiling. If the Account balance exceeds the unpaid balance on the loanLoan, Lender may apply the funds in the Account to pay off the loan and will return any excess funds.

Appears in 1 contract

Samples: Iroquois Valley Farmland REIT, PBC

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Account Ceiling. If the Account balance exceeds the unpaid balance on the loan, Lender may apply the funds in the Account to pay off the loan and will return any excess funds.. -

Appears in 1 contract

Samples: Loan Agreement (Western Plains Energy LLC)

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