Common use of Temporary Increase in Maximum Loan Amount Clause in Contracts

Temporary Increase in Maximum Loan Amount. If checked here, notwithstanding the maximum principal amount that may be borrowed from time to time under the Agreement and Note, the maximum principal amount that may be borrowed thereunder shall increase from $ to $ effective through annually. On through annually, the maximum principal amount that may be borrowed thereunder shall revert to $ and any loans outstanding in excess of that amount will be immediately due and payable without further demand by the Bank.

Temporary Increase in Maximum Loan Amount. If checked here, notwithstanding the maximum principal amount that may be borrowed from time to time under the Agreement and Note, the maximum principal amount that may be borrowed thereunder shall increase from $ to $ effective through through_________________________ annually. On through through____________ annually, the maximum principal amount that may be borrowed thereunder shall revert to $ and any loans outstanding in excess of that amount will be immediately due and payable without further demand by the Bank.

Temporary Increase in Maximum Loan Amount. If checked here, notwithstanding the maximum principal amount that may be borrowed from time to time under the Agreement and Note, the maximum principal amount that may be borrowed thereunder shall increase from $ to $ effective through annually. On __________ through __________ annually, the maximum principal amount that may be borrowed thereunder shall revert to $ and any loans outstanding in excess of that amount will be immediately due and payable without further demand by the Bank.