Common use of MULTIPLE ADVANCE LOANS Clause in Contracts

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)

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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

Samples: Loan Agreement (Banuestra Financial CORP)

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

Samples: Loan Agreement (Heartland Financial Usa 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. 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

Samples: Loan Agreement (American Church Mortgage Co)

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

Samples: Loan Agreement (FFD Financial Corp/Oh)

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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)

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