MULTIPLE ADVANCE LOANS. If this is a multiple advance loan, you and I expect that you will make more than one advance of principal. If this is closed end credit, repaying a part of the principal will not entitle me to additional credit. SET-OFF – I agree that you may set off any amount due and payable under this note against any right I have to receive money from you.
Appears in 5 contracts
Samples: Loan Agreement (Utg Inc), Loan Agreement (Utg Inc), Loan Agreement (Utg Inc)
MULTIPLE ADVANCE LOANS. If this is a multiple advance loan, you and I expect that you will make more than one advance of principal. If this is closed end credit, repaying a part of the principal will not entitle me to additional credit. SET-OFF – I agree that you may set off any amount due and payable under this note against any right I have to receive money from you.
Appears in 2 contracts
Samples: Line of Credit Agreement (Southern Iowa Bioenergy LLC), Loan Agreement (Husker Ag LLC)
MULTIPLE ADVANCE LOANS. If this is a multiple advance loan, you and I expect that you will make more than one advance of principal. If this is closed end and credit, repaying a part of the principal will not entitle me to additional credit. SET-OFF – - I agree that you may set off any amount due and payable under this note against any right I have to receive money from you.
Appears in 1 contract
MULTIPLE ADVANCE LOANS. If this is a multiple advance loan, you and I expect that you will make more than one advance of principal. If this is a closed end credit, repaying a part of the principal will not entitle me to additional credit. SET-OFF – I agree that you may set off any amount due and payable under this note against any right I have to receive money from you.
Appears in 1 contract
MULTIPLE ADVANCE LOANS. If this is a multiple advance loan, you and I expect that you will make more than one advance of principal. If this is closed end credit, repaying a part of the principal will not entitle me to additional credit. SET-OFF – - I agree that you may set off any amount due and payable under this note against any right I have to receive money from you. Right to receive money from you means: (1) any deposit account balance I have with you; (2) any money owed to me on an item presented to you or in your possession for collection or exchange; and (3) any repurchase agreement or other nondeposit obligation.
Appears in 1 contract
MULTIPLE ADVANCE LOANS. If this is a multiple advance loan, you and I expect that you will make more than one advance of principal. If if this is closed end credit, then repaying a part of the principal will not entitle me to additional credit. SET-OFF – I agree that you may set off any amount due and payable under this note against any right I have to receive money from you.
Appears in 1 contract
MULTIPLE ADVANCE LOANS. If this is a multiple advance loan, you and I expect that you will make more than one advance of principal. If this is closed end credit, repaying a part of the principal will not entitle me to additional credit. SET-OFF – - I agree that you may set off any amount due and payable under this note against any right I have to receive money from you.. “Right to receive money from you” means:
Appears in 1 contract
Samples: Loan Agreement (Minnergy LLC)
MULTIPLE ADVANCE LOANS. If this is a multiple advance loan, you and I expect that you will make more than one advance of principal. If this is closed end and credit, repaying a part of the principal will not entitle me to additional credit. SET-OFF – I agree that you may set off any amount due and payable under this note against any right I have to receive money from you.
Appears in 1 contract
Samples: Loan Agreement (Schlotzskys Inc)
MULTIPLE ADVANCE LOANS. If this is a multiple advance loan, you and I expect that you will make more than one advance of principal. If this is closed end and credit, repaying a part of the principal will not entitle me to additional credit. SET-OFF – I agree that you may set off any amount due and payable under this note against any right I have to receive money from you.
Appears in 1 contract
Samples: Commercial Security Agreement (Champion Industries Inc)