No Obligation to Extend Credit. This Security Agreement shall not be construed to impose any obligation on SunTrust to extend or continue to extend any credit at any time.
No Obligation to Extend Credit. No provision of this Agreement shall be construed as obligating any Lender to advance any monies or otherwise extend credit to a Borrower at any time.
No Obligation to Extend Credit. The use of the CLM does not obligate Bank to extend credit to Customer. The establishment and ongoing provision of any credit facility shall be governed by Bank’s normal credit criteria and shall be documented separately from this Agreement.
No Obligation to Extend Credit. Customer’s ability within the Service to issue or terminate the issuance of any Card and to control spending limits or payments on any Cards does not represent the extension of credit by Bank to Customer nor does it obligate Bank in any way to extend credit to Customer. Customer acknowledges that the Service is simply a self-service tool extended by Bank for Customer’s convenience, and the establishment and maintenance of Customer’s Company Credit Limit is governed solely by a separately executed credit application.
No Obligation to Extend Credit. Without limiting clause 8.8, if, in the provision of Port Terminal Services, Viterra considers that it will be exposed to a risk that the Client does not pay for any of those services when due and payable (Credit Risk), Viterra is not obliged to provide those services unless and until Viterra, acting reasonably, is satisfied either by obtaining Credit Support or by independent credit checks or otherwise that the Client is credit-worthy in respect of the Credit Risk.
No Obligation to Extend Credit. If in the provision of Port Terminal Services the Company will be exposed to a risk that the Client does not pay for any of those services when due and payable (“credit risk”) the Company is not obliged to provide those services unless and until the Company, acting reasonably, is satisfied either by requesting Credit Support or by independent credit checks or otherwise that the Client is credit-worthy in respect of the credit risk.
No Obligation to Extend Credit. Where the Client does not pay for Services when due, QBT is not obliged to continue to provide the Services unless and until the Client pays all outstanding amounts in full (or any other arrangements which QBT has agreed to have been entered into.
No Obligation to Extend Credit. Upon notice from the Agent to any of the Borrowers, the obligations of the Lenders to make any further extensions of credit hereunder shall terminate.
No Obligation to Extend Credit. Upon notice by the Administrative Agent to the Borrower, upon the written request of the Required Majority Lenders, the obligations of the Lenders to make any further extensions of credit hereunder shall automatically terminate; provided, however, that if a Bankruptcy Default shall have occurred, the Commitments (if not theretofore terminated) shall automatically terminate.
No Obligation to Extend Credit. On and after the date hereof, the Credit Parties have no obligation to make Loans. On and after the date hereof, any amounts repaid may not be reborrowed.
