Common use of Discretion of Bank to Grant or Deny Advances and Other Credit Products Clause in Contracts

Discretion of Bank to Grant or Deny Advances and Other Credit Products. Nothing contained herein or in any documents or oral representations describing or setting forth the Bank's credit programs or Credit Policies shall be construed as an agreement or commitment on the part of the Bank to grant Advances or extend Other Credit Products hereunder, the right and power of the Bank in its discretion to either grant or deny any Advance or Other Credit Product requested hereunder being expressly reserved. Section 5.04.

Appears in 3 contracts

Samples: And Security Agreement (Choiceone Financial Services Inc), Pledge, and Security Agreement (Choiceone Financial Services Inc), Pledge, and Security Agreement (Choiceone Financial Services Inc)

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Discretion of Bank to Grant or Deny Advances and Other Credit Products. Nothing contained herein or in any documents or oral representations describing or setting forth the Bank's ’s credit programs program or Credit Policies shall be construed as an agreement or commitment on the part of the Bank to grant Advances or extend Other Credit Products hereunder, the right and power of the Bank in its discretion to either grant or deny any Advance or Other Credit Product requested hereunder being expressly reserved. Section 5.04.

Appears in 1 contract

Samples: Advances, Collateral Pledge and Security Agreement (First National Community Bancorp Inc)

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