Common use of Uncommitted Credit Authorizations Clause in Contracts

Uncommitted Credit Authorizations. The Bank has approved the uncommitted credit authorizations listed below (collectively, the "Credit Authorizations," and individually, as designated below) subject to the terms and conditions of this agreement and the Bank's continuing satisfaction with the Borrower's financial status. Disbursements under the Credit Authorizations are solely at the Bank's discretion. Any disbursement on one or more occasions shall not commit the Bank to make any subsequent disbursement.

Appears in 6 contracts

Samples: Credit Authorization Agreement (Michigan Community Bancorp LTD), Credit Authorization Agreement (Interface Systems Inc), Credit Authorization Agreement (Interface Systems Inc)

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Uncommitted Credit Authorizations. The Bank has approved the uncommitted credit authorizations listed below (collectively, the "Credit Authorizations," and and, individually, as designated below) subject to the terms and conditions of this agreement and the Bank's continuing satisfaction with the Borrower's financial status. Disbursements under the Credit Authorizations are solely at the Bank's discretion. Any disbursement on one or more occasions shall not commit the Bank to make any subsequent disbursementdisbursements.

Appears in 1 contract

Samples: Credit Authorization Agreement (Bixby Carl L)

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Uncommitted Credit Authorizations. The Bank has approved the uncommitted credit authorizations listed below (collectively, the "Credit Authorizations," and and, individually, as designated below) subject to the terms and conditions of this agreement and the Bank's continuing satisfaction with the Borrower's financial status. Disbursements under the Credit Authorizations are solely at the Bank's discretion. Any disbursement on one or more occasions shall not commit the Bank to make any subsequent disbursement.

Appears in 1 contract

Samples: Credit Authorization Agreement (Perceptron Inc/Mi)

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