Common use of No Future Obligations Clause in Contracts

No Future Obligations. Banks have no obligation to make any additional loan or extension of credit to or for the benefit of Borrower, and Banks have no obligation to provide additional forbearance or to extend further accommodations to Borrowers.

Appears in 4 contracts

Samples: Forbearance and Modification Agreement (Hypercom Corp), Forbearance and Modification Agreement (Hypercom Corp), Forbearance and Modification Agreement (Hypercom Corp)

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No Future Obligations. Banks have Bank has no obligation to make any additional loan or extension of credit to or for the benefit of BorrowerBorrowers, and Banks have Bank has no obligation to provide additional forbearance or to further extend further accommodations the maturity date of any credit extended to Borrowers.

Appears in 2 contracts

Samples: Loan Modification Agreement (Lec Technologies Inc), Loan Modification Agreement (Lec Technologies Inc)

No Future Obligations. Banks have Bank has no obligation to make any additional loan or extension of credit to or for the benefit of BorrowerBorrower or Guarantor, and Banks have Bank has no obligation to provide additional forbearance further extend the maturity date of any credit extended to Borrower or to extend further accommodations to BorrowersGuarantor.

Appears in 1 contract

Samples: Loan and Note Modification Agreement (Soundworks International Inc)

No Future Obligations. Banks have Bank has no obligation to make any additional loan or extension of credit to or for the benefit of any Borrower, and Banks have no obligation to provide additional forbearance or further extend the maturity date of any credit extended to extend further accommodations to Borrowersany Borrower.

Appears in 1 contract

Samples: Business Loan Agreement (Lec Technologies Inc)

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No Future Obligations. Banks have Bank has no obligation to make any additional loan or extension of credit to or for the benefit of Borrower, and Banks have Bank has no obligation to provide additional forbearance or further extend the maturity date of any credit extended to extend further accommodations to BorrowersBorrower.

Appears in 1 contract

Samples: Loan Modification and Extension Agreement (Mobility Electronics Inc)

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