Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 4 contracts
Samples: Promissory Note (Empyrean Bioscience Inc), Promissory Note (Empyrean Bioscience Inc), Promissory Note (Empyrean Bioscience Inc)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person person; or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 3 contracts
Samples: Line of Credit Agreement (Petmed Express Inc), Line of Credit Agreement (Petmed Express Inc), Line of Credit Agreement (Petmed Express Inc)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 3 contracts
Samples: Change in Terms Agreement (Visionics Corp), Change in Terms Agreement (Digital Biometrics Inc), Change in Terms Agreement (Digital Biometrics Inc)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this NoteAgreement, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 3 contracts
Samples: Change in Terms Agreement (Electromed, Inc.), Change in Terms Agreement (Electromed, Inc.), Change in Terms Agreement (Computer Software Innovations Inc)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 3 contracts
Samples: Loan Agreement (Transcend Services Inc), Business Loan Agreement (Transcend Services Inc), Business Loan Agreement (Transcend Services Inc)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this NoteAgreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. This revolving line of credit shall not be subject to Ch. 346 of the Texas Finance Code.
Appears in 3 contracts
Samples: Change in Terms Agreement (XPEL, Inc.), Change in Terms Agreement (XPEL, Inc.), Change in Terms Agreement (XPEL, Inc.)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all All oral requests shall be confirmed in writingwriting on the day of the request. All communications, instructions, or directions by telephone otherwise to Lender are to be directed to Lender's office shown above. The following party or parties are authorized as provided in this paragraph to request advances under the line of credit until Lender receives from Borrower at Lender's address shown above written notice of revocation of their authority: Xxxxxxx Xxxxxx, President. ADVANCE REQUESTS CAN BE OBTAINED UPON NOTIFICATION IN WRITING TO LENDER. Borrower agrees to be liable for all sums either: (Aa) advanced in accordance with the instructions instruction of an authorized person or (Bb) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, records including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 2 contracts
Samples: Promissory Note (Autocorp Equities Inc), Promissory Note (Autocorp Equities Inc)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 2 contracts
Samples: Loan Agreement (Monarch Cement Co), Loan Agreement (Monarch Cement Co)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from BorrowerXxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 2 contracts
Samples: Business Loan Agreement (Craftmade International Inc), Disbursement Request and Authorization (Transbotics Corp)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this NoteAgreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 2 contracts
Samples: Change in Terms Agreement (Integrated Packaging Assembly Corp), Change in Terms Agreement (Integrated Packaging Assembly Corp)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower Bxxxxxxx or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lxxxxx’s office shown above. Bxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's Bxxxxxxx’s accounts with LenderLxxxxx. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's Lxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: ; (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 2 contracts
Samples: Change in Terms Agreement (Landmark Bancorp Inc), Change in Terms Agreement (Landmark Bancorp Inc)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender.
Appears in 2 contracts
Samples: Seventh Amendment to Agreement (Monarch Cement Co), Second Amendment to Agreement (Monarch Cement Co)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested either orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be he confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following persons currently are authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of their authority: XXXXXXX XXXXXX; and XXXXX XXXXXX. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement agreemeent made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender.
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested either orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. This revolving line of credit shall not be subject to Ch. 346 of the Texas Finance Code.
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; or
Appears in 1 contract
Samples: Promissory Note (Newport Corp)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this NoteAgreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's internal records, including inciuding daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Samples: Change in Terms Agreement (Integrated Packaging Assembly Corp)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Agreement may be requested orally or in writing by Borrower or by an authorized personBorrower or as provided in this paragraph. Lender may, but need not, require request that all oral requests shall be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender’s office shown above. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements endorsement on this Note Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from BorrowerXxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by LenderXxxxxx's internal Internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. This revolving line of credit shall not be subject to Ch. 346 of the Texas Finance Code.
Appears in 1 contract
Samples: Business Loan Agreement (Sielox Inc)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested orally or only in writing by Borrower or as provided in this paragraph. All communications, instructions, or directions by an authorized person. telephone or otherwise to Lender may, but need not, require that all oral requests are to be confirmed in writingdirected to Lender's office shown above. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Samples: Business Loan Agreement (Amphastar Pharmaceuticals, Inc.)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's Bxxxxxxx’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Bxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's Bxxxxxxx’s accounts with LenderLxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's Lxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lenderlender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolventInsolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than these authorized by Lender; or (E) Lender In good faith believes itself insecure. This revolving line of credit shall not be subject to Ch. 346 of the Texas Finance Code.
Appears in 1 contract
Samples: Loan Agreement (Labwire Inc)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all All oral requests shall be confirmed in writingwriting on the day of the request. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following person currently is authorized to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of his or her authority: KELVYN CULLIMORE, JR., President/CXX xx XXXXXXXXXXX XXXPORATION. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested either orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender’s office shown above. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Line of Credit. This Note note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. The following party or parties are authorized as provided in this paragraph to request advances under the line of credit until Lender receives from Borrower at Lender's address shown above written notice of revocation of their authority: CONRXX X. XXXL'OCA, PRESIDENT/SECRETARY; AND JAI X. XXXX, XXIEF FINANCIAL OFFICER. ADVANCES TO BE DEPOSITED INTO CHECKING ACCOUNT #1-090771. Borrower agrees to be liable for all sums either: (Aa) advanced in accordance with the instructions of an authorized person or (Bb) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer printpoint-outs. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement agreements made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Samples: Commercial Security Agreement (Aspec Technology Inc)
Line of Credit. This Note evidences a revolving straight line of credit. Once the total amount of principal has been advanced, Borrower is not entitled to further loan advances. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested orally or only in writing by Borrower or as provided in this paragraph. All communications, Instructions, or directions by an authorized person. telephone or otherwise to Lender may, but need not, require that all oral requests are to be confirmed in writingdirected to Lender's office shown above. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions Instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note ifIf: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; (0) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Samples: Business Loan Agreement (Amphastar Pharmaceuticals, Inc.)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested orally or only in writing by Borrower or as provided in this paragraph. All communications, instructions, or directions by an telephone or otherwise to Lender are to be directed to Lender's office shown above. The following person currently is authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until Lender receives from Borrower, at Lender's address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized person. Lender may, but need not, require that all oral requests be confirmed in writingofficer may request advances. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Samples: Business Loan Agreement (Ministry Partners Investment Corp)
Line of Credit. This Note evidences a revolving straight line of credit. Once the total amount of principal has been advanced, Borrower is not entitled to further loan advances. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally requxxxxx xxally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums xxx xxxs either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with LenderLendex. The Xxx unpaid principal balance balxxxx owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including incxxxxxx daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; or
Appears in 1 contract
Line of Credit. This Note evidences a revolving straight line of credit. Once the total amount of principal has been advanced, Borrower is not entitled to further loan advances. Advances under this Note, as well as directions for fbr payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note ifit: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Samples: Business Loan Agreement (Chicago Pizza & Brewery Inc)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this NoteAgreement, as well as directions for payment from Borrower's accounts, may be requested rxxxxxxxx orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all xxx xxx sums either: (A) advanced in accordance with the instructions of or an authorized person or (B) credited to any of Borrower's accounts with LenderLendxx. The Xxx unpaid principal balance xxxxxxe owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's internal records, including inxxxxxxg daily computer print-outs. Lender will have no obligation to advance funds under this Note agreement if: (A) Borrower or any guarantor is in default under the terms of this Note agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note Agreement or any other loan with Lender;; or
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. The unpaid principal balance of this Note shall increase and decrease with each new advance and payment hereunder, as the case may be. Subject to the terms hereof, Borrower may borrow, repay and reborrow hereunder. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, Lender including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accountsXxxxxxxx ’s counts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (A) advanced A)advanced in accordance with the instructions Instructions of an authorized person or (B) credited to any of Borrower's Xxxxxxxx ’s accounts with LenderXxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's Xxxxxx ’ s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower if:(A)Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower Note;(B)Borrower or any guarantor ceases doing business or is insolvent; (C) any insolvent;(C)any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantor ’ s guarantee of this Note or any other loan with Lender;(D)Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender;; or (E)Lender in good faith believes itself insecure.
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as as, directions for payment from Borrower's ’s accounts, may must be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (Aa) advanced in accordance with the instructions of an authorized person or (Bb) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's ’s internal records, including daily computer print-outsprintouts. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (Bb) Borrower or any guarantor ceases doing business or is insolvent; (Cc) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender;; (d) Borrower has applied funds
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from BorrowerXxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims claims-or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Samples: Business Loan Agreement (Integrated Packaging Assembly Corp)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note Agreement or any other loan with Lender;; or
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this NoteAgreement, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests requestes be confirmed confrimed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise ortherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Samples: Change in Terms Agreement (Portfolio Recovery Associates Inc)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this NoteAgreement, as well as directions directors for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an a authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases ceased doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's ’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on n this Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Samples: Business Loan Agreement (Flotek Industries Inc/Cn/)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees All communications, instructions, or directions by telephone or otherwise to Lender are to be liable directed to Lender's office shown above. The following party or parties are authorized to request advance under the line of credit until Lender receives from Borrower at Lender's address shown above written notice of revocation of their authority: WAYNE COLLIGNON, PRESIDENT; AND DIRK ANDERSON, CFO. Borrower agreex xx xx xxxxxx for all sums eithereithxx: (Ax) advanced xxxanced in accordance with the instructions of an authorized person or (Bb) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (Aa) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. The unpaid principal balance of this Note shall increase and decrease with each new advance and payment hereunder, as the case may be. Subject to the terms hereof, Borrower may borrow, repay and reborrow hereunder. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Samples: Omnibus Addendum to Promissory Notes (Genitope Corp)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested either orally or in writing by Borrower or directions by an telephone or otherwise to Lender are to be directed to Lender's office shown above. The following person currently is authorized person. to request advances and authorize payments under the line of credit until Lender mayreceives from Borrower, but need notat Lender's address shown above, require that all oral requests be confirmed in writing. written notice of revocation of his or her authority: Jeffry B. Johnson, Chief Financial Officer and Treasurer of Xxxxx'x Xxxxxx Xxld-Inc. Borrower agrees to be liable for all sums alx xxxx either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this NoteAgreement, as well as directions for payment from Borrower's Bxxxxxxx’s accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender Lender-may, but need not, require that all oral requests be confirmed in writing. Borrower Bxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's Bxxxxxxx’s accounts with LenderLxxxxx. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's Lxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; insolvent (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (El Lender in good faith believes itself insecure.
Appears in 1 contract
Samples: Change in Terms Agreement (Century Casinos Inc /Co/)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accountsXxxxxxxx’s counts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions Instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with LenderXxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's Xxxxxx’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's ’s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is Is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Samples: Loan Agreement (Digital Ally Inc)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from BorrowerBxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Bxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of BorrowerBxxxxxxx's accounts with LenderLxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by LenderLxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Samples: Promissory Note (Juniper Partners Acquisition Corp.)
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this NoteAgreement, as well as directions for payment from Borrower's accounts, may be requested orally or xxxxxx xr in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums eithersxxx xxxxer: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal uxxxxx xxincipal balance owing on oxxxx xn this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's internal records, including daily computer dxxxx xomputer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note Agreement or any other loan with Lender;; or
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested either orally or in writing by Borrower Xxxxxxxx or by an authorized personas provided in this paragraph. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown above. Xxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by LenderXxxxxx's internal records, including daily computer print-outs. Lender lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) } Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's ’s accounts, may must be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (Aa) advanced in accordance with the instructions of an authorized person or (Bb) credited to any of Borrower's ’s accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's ’s internal records, including daily computer print-outsprintouts. Lender will have no obligation to advance funds under this Note if: (Aa) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (Bb) Borrower or any guarantor ceases doing business or is insolvent; (Cc) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's ’s guarantee of this Note or any other loan with Lender;; (d) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (e) Lender in good faith believes itself insecure.
Appears in 1 contract
Samples: Amendment to Loan Documents (Frederick County Bancorp Inc)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or in any other loan with Lender;
Appears in 1 contract
Samples: Promissory Note (Citi Trends Inc)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from BorrowerBxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, not require that all oral requests be confirmed in writing. Borrower Bxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of BorrowerBxxxxxxx's accounts with LenderLxxxxx. The unpaid principal balance owing on this Note at any time lime may be evidenced by endorsements on this Note or by LenderLxxxxx's internal records, including daily dally computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure
Appears in 1 contract
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this NoteAgreement, as well as directions for payment from BorrowerXxxxxxxx's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower Xxxxxxxx agrees to be liable for all sums either: (A) Al advanced in accordance with the instructions of an authorized person or (B) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note Agreement if: (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Samples: Change in Terms Agreement (Titan Energy Worldwide, Inc.)
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all All oral requests shall be confirmed in writingwriting on the day of the request, on forms acceptable to Lender. Borrower All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Xxxxxx's office shown above. Xxxxxxxx agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of BorrowerXxxxxxxx's accounts with LenderXxxxxx. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by LenderXxxxxx's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;; or (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender. PURPOSE OF LOAN. The purpose of this loan is for: Working Capital.
Appears in 1 contract
Line of Credit. This Note Agreement evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Agreement may be requested either orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to Lender's office shown above. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note Agreement at any time may be evidenced by endorsements on this Note Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: Agreement (A) Borrower or any guarantor is in default under the terms of this Note Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this NoteAgreement; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note Agreement or any other loan with Lender;; (D) Borrower has applied funds provided pursuant to this Agreement for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure.
Appears in 1 contract
Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, Note may be requested orally or in writing by Borrower or by an authorized personas provided in this paragraph. Lender may, but need not, require that all All oral requests shall be confirmed in writingwriting on the day of the request. Borrower All communications, instructions, or direction by telephone or otherwise to Lender are to be directed to Lender's office shown above. The following person currently is authorized to request advances and authorize payment sunder the line of credit until Lender receives from Borrower, at Lexxxx'x address shown above, written notice of revocation of his or her authority: Warren F. Kruger, Manager, President & CEO of GREYSTONE MANUFACTURINX, X.X.X. Xxxxxxer agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;
Appears in 1 contract
Samples: Promissory Note (Palweb Corp)