Commercial Loan One-Way Sweeps Sample Clauses

Commercial Loan One-Way Sweeps. Company agrees that whenever the checking Account balance falls below Company’s designated Target Balance, Bank will automatically (i) advance an amount on the Note in designated increments and (ii) transfer to the designated checking Account to fund the checking Account balance to an amount equal to or greater than the Target Balance. All advances shall be subject to sufficient funds being available on the line of credit in order to fund the checking Account in the designated increments to an amount not less than the Target Balance. No partial advances will occur. No advances will be made after the maturity date of Company’s Note.

Commercial Loan One-Way Sweeps. Third-Party Sender agrees that whenever the designated Account balance falls below Third-Party Sender’s designated Target Balance, Bank will automatically: