No Obligation to Lend Money. Nothing in this Agreement will be deemed to constitute a credit facility of any kind or nature whatsoever in favor of Customer even if the Services rendered are in conjunction with a line of credit or even if the Service terms and conditions make reference to a line of credit. Customer acknowledges that this Agreement does not create any right to borrow funds from Bank and that Bank has no obligation to lend funds to Customer in providing the Services that are the subject of this Agreement. In the event that Bank will perform a Service for Customer that creates an overdraft on Customer’s Account(s), such action(s) by Bank will not establish a course of dealing or conduct between the parties that would require Bank to perform any subsequent Service which would also create an overdraft.
Appears in 6 contracts
Samples: Management Services Agreement, Management Services Agreement, Management Services Agreement
