Common use of Cancellation by the Borrower Clause in Contracts

Cancellation by the Borrower. The Borrower may cancel this Agreement by written notice to the Bank. The Borrower's request will take effect at the time it is received by the Bank. If there is more than one Borrower, the Bank may treat a request by one of them under this paragraph as a request by all of them. At the time of cancellation, the outstanding balance will be immediately due and payable.

Appears in 4 contracts

Samples: Business Loan Agreement (Medical Science Systems Inc), Business Loan Agreement (Medical Science Systems Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc)

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Cancellation by the Borrower. The Borrower may cancel this Agreement by written notice to the Bank. The Borrower's request will take effect at the time it is received by the Bank. If there is more than one Borrower, Borrower the Bank may treat a request by one of them under this paragraph as a request by all of them. At the time of cancellation, the outstanding balance, the outstanding balance will be immediately due and payable.. --------------------------------------------------------------------------------

Appears in 1 contract

Samples: Business Line Credit Agreement (Top Tier Software Inc)

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Cancellation by the Borrower. The Borrower may cancel this Agreement by ---------------------------- written notice to the BankLender. The Borrower's request will take effect at the time it is received by the BankLender. If there is more than one Borrower, the Bank Lender may treat a request by one of them under this paragraph Paragraph as a request by all of them. At the time of cancellation, the outstanding balance will be immediately due and payable.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Tis Mortgage Investment Co)

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