Examples of Temporary Increase Amount in a sentence
The Borrowers acknowledge that the Lender’s agreement herein to provide the Temporary Increase Amount shall not bind the Lender to grant any other or further increase in the Line of Credit Limit.
From and after the calendar day following the end of the Temporary Funding Period, all of the defined terms amended in this Amendment shall be defined in the Loan Agreement as they were defined immediately prior to the execution and delivery of this Amendment, and as long as all principal and accrued interest due with respect to the Temporary Increase Amount has been paid in full, the Temporary Increase Daily Adjusting LIBOR Note shall be of no further force or effect.
To evidence the Temporary Increase Commitment, the Borrower shall execute and deliver to the Lender a promissory note, in the form provided by the Lender, in a face amount equal to the Temporary Increase Amount (the “Temporary Increase Note”).
From and after the calendar day following the end of the Temporary Funding Period, all of the defined terms amended in this Amendment shall be defined in the Loan Agreement as they were defined immediately prior to the execution and delivery of this Amendment, and as long as all principal and accrued interest due with respect to the Temporary Increase Amount has been paid in full, the Temporary Increase Daily Adjusting LIBOR Revolving Line Note shall be of no further force or effect.
Accordingly, Borrower shall repay to Bank all of the Temporary Increase Amount borrowed on February 25, 1997, whereupon the maximum principal amount shall return to One Million and 00/100 Dollars ($1,000,000.00).