Common use of Overlimit Fees Clause in Contracts

Overlimit Fees. An overlimit fee of $15 may be assessed each time the Borrower exceeds the Credit Limit, regardless of whether the Bank permits the Borrower to exceed the Credit Limit.

Appears in 3 contracts

Samples: Business Loan Agreement (Medical Science Systems Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc), Advantage Business Credit Line/Loan Agreement (Advanced Media Inc)

AutoNDA by SimpleDocs

Overlimit Fees. An overlimit fee of $15 may be assessed each time the Borrower exceeds the Credit Limit, regardless of whether the Bank permits permit the Borrower to exceed the Credit Limit.

Appears in 1 contract

Samples: Business Line Credit Agreement (Top Tier Software Inc)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!