Common use of LOAN EXCEEDS THE COMMITMENT Clause in Contracts

LOAN EXCEEDS THE COMMITMENT. In the event the aggregate outstanding amount of the Loan at any time exceeds the Commitment, the Loan shall be immediately due and payable without notice to the extent of such excess (together with accrued Interest thereon), and the Borrower shall immediately pay such excess amount to the Bank.

Appears in 8 contracts

Samples: Revolving Line of Credit Agreement (Westcorp /Ca/), Revolving Line of Credit Agreement (WFS Financial Inc), Revolving Line of Credit Agreement (Westcorp /Ca/)

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LOAN EXCEEDS THE COMMITMENT. In the event the aggregate outstanding amount of the Loan at any time exceeds the Commitment, the Loan shall be immediately due and payable without notice to the extent of such excess (together with accrued Interest thereon), and the Borrower shall immediately pay such excess amount to the BankWestcorp.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Westcorp /Ca/)

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