Common use of ANNUAL REVIEW / RENEWAL OF CREDIT LINE Clause in Contracts

ANNUAL REVIEW / RENEWAL OF CREDIT LINE. At Lender’s discretion, Lender may complete an annual review of Borrower’s credit line and consider renewal of this credit line for future advances. Borrower understands that decision to renew credit line is determined by Lender. Material changes to financial position and/or repayment history with Lender and/or other creditors will negatively impact Borrower’s potential for renewal of this credit line. Borrower may be required to provide updated financial statements and/or anticipated crop plan information for consideration of a renewal by Lender. At Lender’s discretion, and except as prohibited by applicable law, Lender may change Borrower’s credit limit, maturity date, fees, costs, interest rate or other terms of this Agreement at any time. Lender will notify Borrower of any change to this Agreement either by sending Borrower a separate notice or by reflecting such change on Borrower’s billing statement. Please be aware that any change to this Agreement may take effect before Borrower receives notification from Lender, and all such changes shall be binding upon Borrower and Lender. Borrower may request a change to Borrower’s credit limit by contacting Lender. Lender may require additional documentation from Borrower before approving or denying changes to Borrower’s credit limit. Underwriting and renewal of any credit facility is always subject to discretion of Lender and Lender may, at any time, decline to renew a credit facility or require additional information prior to making a determination of whether or not to renew a credit facility. In the event any change will cause a fee, rate or minimum payment to increase (other than due to a change in the Prime Rate), Lender will mail Borrower written notice at least 15 days before the beginning of the billing period in which the change will become effective. If Borrower does not agree to any such change, Borrower must notify Lender in writing that Borrower does not agree to such change within 25 days after the effective date of the change and pay Lender the total outstanding balance under the terms of the unchanged Agreement. 6.

ANNUAL REVIEW / RENEWAL OF CREDIT LINE. At Lender’s discretion, Lender may complete an a discretionary annual review of Borrower’s conditional credit line and limit (“Conditional Line”) and consider renewal of this credit line Conditional Line for future advances. Borrower understands that any decision to renew credit line is determined by Lender. Material changes to Borrower’s financial position and/or repayment history with Lender and/or or other creditors will negatively impact Borrower’s potential for renewal of this credit line. Borrower may be required to provide updated financial statements and/or anticipated crop plan information for consideration of a renewal by Lender. At Lender’s Lender may, in its discretion, and except as prohibited by applicable law, Lender may change Borrower’s credit limitConditional Line, maturity date, fees, costs, interest rate or other terms of this Agreement at any time. Lender will notify Borrower of any change to this Agreement either by sending Borrower a separate notice or by reflecting such change on Borrower’s billing statement. Please be aware that any change to this Agreement may take effect before Borrower receives notification from Lender, and all such changes shall be binding upon Borrower and Lender. Borrower may request a change to Borrower’s credit limit Conditional Line by contacting Lender. Lender may require additional documentation from Borrower before approving or denying changes to Borrower’s credit limit. Underwriting and renewal of any credit facility is always subject to discretion of Lender and Lender may, at any time, decline to renew a credit facility or require additional information prior to making a determination of whether or not to renew a credit facilityConditional Line. In the event any change will cause a fee, rate or minimum payment to increase (other than due to a change in the Prime Rate), Lender will mail Borrower written notice at least 15 days before the beginning of the billing period in which the change will become effective. If Borrower does not agree to To contest any such change, Borrower must notify Lender in writing that Borrower does not agree to such change within 25 days after the effective date of the change and pay Lender the total outstanding balance under the terms of the unchanged Agreement. 6.

ANNUAL REVIEW / RENEWAL OF CREDIT LINE. At Lender’s discretion, Lender may complete an annual review of Borrower’s credit line and consider renewal of this credit line for future advances. Borrower understands that decision to renew credit line is determined by Lender. Material changes to financial position and/or repayment history with Lender and/or other creditors will negatively impact Borrower’s potential for renewal of this credit line. Borrower may be required to provide updated financial statements and/or anticipated crop plan information for consideration of a renewal by Lender. At Lender’s discretion, and except as prohibited by applicable law, Lender may change Borrower’s credit limit, maturity date, fees, costs, interest rate or other terms of this Agreement at any time. Lender will notify Borrower of any change to this Agreement either by sending Borrower a separate notice or by reflecting such change on Borrower’s billing statement. Please be aware that any change to this Agreement may take effect before Borrower receives notification from Lender, and all such changes shall be binding upon Borrower and Lender. Borrower may request a change to Borrower’s credit limit by contacting Lender. Lender may require additional documentation from Borrower before approving or denying changes to Borrower’s credit limit. Underwriting and renewal of any credit facility is always subject to discretion of Lender and Lender may, at any time, decline to renew a credit facility or require additional information prior to making a determination of whether or not to renew a credit facility. In the event any change will cause a fee, rate or minimum payment to increase (other than due to a change in the Prime Rate), Lender will mail Borrower written notice at least 15 days before the beginning of the billing period in which the change will become effective. If Borrower does not agree to any such change, Borrower must notify Lender in writing that Borrower does not agree to such change within 25 days after the effective date of the change and pay Lender the total outstanding balance under the terms of the unchanged Agreement. 6.

ANNUAL REVIEW / RENEWAL OF CREDIT LINE. At Lender’s discretion, Lender may complete an a discretionary annual review of BorrowerXxxxxxxx’s conditional credit line and limit (“Conditional Line”) and consider renewal of this credit line Conditional Line for future advances. Borrower Xxxxxxxx understands that any decision to renew credit line is determined by LenderXxxxxx. Material changes to Xxxxxxxx’s financial position and/or repayment history with Lender and/or or other creditors will negatively impact Borrower’s potential for renewal of this credit line. Borrower may be required to provide updated financial statements and/or anticipated crop plan information for consideration of a renewal by LenderXxxxxx. At Lender’s Lender may, in its discretion, and except as prohibited by applicable law, Lender may change Borrower’s credit limitConditional Line, maturity date, fees, costs, interest rate or other terms of this Agreement at any time. Lender will notify Borrower of any change to this Agreement either by sending Borrower a separate notice or by reflecting such change on Borrower’s billing statement. Please be aware that any change to this Agreement may take effect before Borrower receives notification from Lender, and all such changes shall be binding upon Borrower and Lender. Borrower may request a change to Borrower’s credit limit Conditional Line by contacting Lender. Lender may require additional documentation from Borrower before approving or denying changes to Borrower’s credit limit. Underwriting and renewal of any credit facility is always subject to discretion of Lender and Lender may, at any time, decline to renew a credit facility or require additional information prior to making a determination of whether or not to renew a credit facilityConditional Line. In the event any change will cause a fee, rate or minimum payment to increase (other than due to a change in the Prime Rate), Lender will mail Borrower written notice at least 15 days before the beginning of the billing period in which the change will become effective. If Borrower does not agree to To contest any such change, Borrower must notify Lender in writing that Borrower does not agree to such change within 25 days after the effective date of the change and pay Lender the total outstanding balance under the terms of the unchanged Agreement. 6.

ANNUAL REVIEW / RENEWAL OF CREDIT LINE. At Lender’s discretion, Lender Xxxxxx may complete an annual review of BorrowerXxxxxxxx’s credit line and consider renewal of this credit line for future advances. Borrower Xxxxxxxx understands that decision to renew credit line is determined by LenderXxxxxx. Material changes to financial position and/or repayment history with Lender and/or other creditors will negatively impact Borrower’s potential for renewal of this credit line. Borrower may be required to provide updated financial statements and/or anticipated crop plan information for consideration of a renewal by LenderXxxxxx. At Lender’s discretion, and except as prohibited by applicable law, Lender may change Borrower’s credit limit, maturity date, fees, costs, interest rate or other terms of this Agreement at any time. Lender will notify Borrower of any change to this Agreement either by sending Borrower a separate notice or by reflecting such change on Borrower’s billing statement. Please be aware that any change to this Agreement may take effect before Borrower receives notification from Lender, and all such changes shall be binding upon Borrower and Lender. Borrower may request a change to BorrowerXxxxxxxx’s credit limit by contacting LenderXxxxxx. Lender may require additional documentation from Borrower before approving or denying changes to BorrowerXxxxxxxx’s credit limit. Underwriting and renewal of any credit facility is always subject to discretion of Lender and Lender may, at any time, decline to renew a credit facility or require additional information prior to making a determination of whether or not to renew a credit facility. In the event any change will cause a fee, rate or minimum payment to increase (other than due to a change in the Prime Rate), Lender will mail Borrower written notice at least 15 days before the beginning of the billing period in which the change will become effective. If Borrower does not agree to any such change, Borrower must notify Lender in writing that Borrower does not agree to such change within 25 days after the effective date of the change and pay Lender the total outstanding balance under the terms of the unchanged Agreement. 6.

ANNUAL REVIEW / RENEWAL OF CREDIT LINE. At Lender’s discretion, Lender Xxxxxx may complete an annual review of BorrowerXxxxxxxx’s credit line and consider renewal of this credit line for future advances. Borrower Xxxxxxxx understands that decision to renew credit line is determined by LenderXxxxxx. Material changes to financial position and/or repayment history with Lender and/or other creditors will negatively impact Borrower’s potential for renewal of this credit line. Borrower may be required to provide updated financial statements and/or anticipated crop plan information for consideration of a renewal by LenderXxxxxx. At Lender’s discretion, and except as prohibited by applicable law, Lender may change Borrower’s credit limit, maturity date, fees, costs, interest rate or other terms of this Agreement at any time. Lender will notify Borrower of any change to this Agreement either by sending Borrower a separate notice or by reflecting such change on Borrower’s billing statement. Please be aware that any change to this Agreement may take effect before Borrower receives notification from Lender, and all such changes shall be binding upon Borrower and Lender. Borrower may request a change to BorrowerXxxxxxxx’s credit limit by contacting LenderXxxxxx. Lender may require additional documentation from Borrower before approving or denying changes to BorrowerXxxxxxxx’s credit limit. Underwriting and renewal of any credit facility is always subject to discretion of Lender and Lender may, at any time, decline to renew a credit facility or require additional information prior to making a determination of whether or not to renew a credit facility. In the event any change will cause a fee, rate or minimum payment to increase (other than due to a change in the Prime Rate), Lender will mail Borrower written notice at least 15 days before the beginning of the billing period in which the change will become effective. If Borrower does not agree to any such change, Borrower must notify Lender in writing that Borrower does not agree to such change within 25 days after the effective date of the change and pay Lender the total outstanding balance under the terms of the unchanged Agreement. 6.

ANNUAL REVIEW / RENEWAL OF CREDIT LINE. At Lender’s discretion, Lender Xxxxxx may complete an annual review of BorrowerXxxxxxxx’s credit line and consider renewal of this credit line for future advances. Borrower Xxxxxxxx understands that decision to renew credit line is determined by LenderXxxxxx. Material changes to financial position and/or repayment history with Lender and/or other creditors will negatively impact Borrower’s potential for renewal of this credit line. Borrower may be required to provide updated financial statements and/or anticipated crop plan information for consideration of a renewal by LenderXxxxxx. At Lender’s discretion, and except as prohibited by applicable law, Lender may change Borrower’s credit limit, maturity date, fees, costs, interest rate or other terms of this Agreement at any time. Lender will notify Borrower of any change to this Agreement either by sending Borrower a separate notice or by reflecting such change on Borrower’s billing statement. Please be aware that any change to this Agreement may take effect before Borrower receives notification from Lender, and all such changes shall be binding upon Borrower and Lender. Borrower may request a change to BorrowerXxxxxxxx’s credit limit by contacting LenderXxxxxx. Lender may require additional documentation from Borrower before approving or denying changes to BorrowerXxxxxxxx’s credit limit. Underwriting and renewal of any credit facility is always subject to discretion of Lender and Lender may, at any time, decline to renew a credit facility or require additional information prior to making a determination of whether or not to renew a credit facility. In the event any change will cause a fee, rate or minimum payment to increase (other than due to a change in the Prime Rate), Lender will mail Borrower written notice at least 15 days before the beginning of the billing period in which the change will become effective. If Borrower does not agree to any such change, Borrower must notify Lender in writing that Borrower does not agree to such change within 25 days after the effective date of the change and pay Lender the total outstanding balance under the terms of the unchanged Agreement. 6.

ANNUAL REVIEW / RENEWAL OF CREDIT LINE. At Lender’s discretion, Lender may complete an annual review of Borrower’s credit line and consider renewal of this credit line for future advances. Borrower understands that decision to renew credit line is determined by Lender. Material changes to financial position and/or repayment history with Lender and/or other creditors will negatively impact Borrower’s potential for renewal of this credit line. Borrower may be required to provide updated financial statements and/or anticipated crop plan information for consideration of a renewal by Lender. At Lender’s discretion, and except as prohibited by applicable law, Lender may change Borrower’s credit limit, maturity date, fees, costs, interest rate or other terms of this Agreement at any time. Lender will notify Borrower of any change to this Agreement either by sending Borrower a separate notice or by reflecting such change on Borrower’s billing statement. Please be aware that any change to this Agreement may take effect before Borrower receives notification from Lender, and all such changes shall be binding upon Borrower and Lender. Borrower may request a change to Borrower’s credit limit by contacting Lender. Lender may require additional documentation from Borrower before approving or denying changes to Borrower’s credit limit. Underwriting and renewal of any credit facility is always subject to discretion of Lender and Lender may, at any time, decline to renew a credit facility or require additional information prior to making a determination of whether or not to renew a credit facility. In the event any change will cause a fee, rate or minimum payment to increase (other than due to a change in the Prime Rate), Lender will mail Borrower written notice at least 15 days before the beginning of the billing period in which the change will become effective. If Borrower does not agree to any such change, Borrower must notify Lender in writing that Borrower does not agree to such change within 25 days after the effective date of the change and pay Lender the total outstanding balance under the terms of the unchanged Agreement. 6.