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: Credit Agreement (Great Plains Ethanol LLC), Promissory Note/Loan Agreement (Great Plains Ethanol LLC)

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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: Promissory Note/Loan Agreement (Western Plains Energy 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: Promissory Note/Loan Agreement (Iroquois Valley Farmland REIT, PBC)

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