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 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 $$ to $ effective _______________ to $_________ effective ___________ through _________________________ annually. On _____________________________ through ____________ annually, the maximum principal amount that may be borrowed thereunder shall revert to $$ _____________________ 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 $$ to $ effective _______________ to $_________ effective ___________ through __________ annually. On ___ through _______________ annually. On _____________________________through_____________ annually, the maximum principal amount that may be borrowed thereunder shall revert to $$ _____________________ and any loans outstanding in excess of that amount will be immediately due and payable without further demand by the Bank.