Revolving Line Of Credit Agreement Template

Provided that borrower is not in default under the loan agreement or this promissory note at the maturity date the borrower at the borrower s option may extend.

Revolving line of credit agreement template. Revolving line of credit agreement. This revolving line of credit agreement the agreement is made and entered into this 15th day of february 2012 the effective date by and between chachas land co inc a nevada corporation the lender and omnitek engineering corp a california corporation borrower. Revolving line of credit note. Learn more about this contract and other key contractual terms and issues by viewing the many sample contracts findlaw has to offer in our corporate counsel center. The definition of a revolving credit is a type of credit that is provided to the buyer that does not have a fixed number of payments.

Sample revolving credit agreement. Subject to the terms and conditions of this agreement provided that no event of default then has occurred and is continuing bank shall upon borrower s request make advances revolving loans to borrower for general corporate purposes including without limitation acquisitions capital expenditures construction of proprietary systems repayment of existing. Save sign print and download your document when you are done. More than just a template our step by step interview process makes it easy to create a revolving credit agreement. A credit agreement basically outlines all the details of a loan.

1 page 2 c. Revolving line of credit promissory note filed by better choice co inc. Revolving line of credit. Under the terms and conditions that are hereby set forth in this revolving credit agreement the seller and buyer agree to the creation of a revolving credit account under. Revolving line of credit loan agreement schuff steel co.

Revolving line of credit promissory note. Line of credit promissory note. Advances hereunder shall be governed by that certain loan agreement of even date herewith between borrower and lender. And bank one arizona na. Example of a line of credit agreement 6 30 99 2 flp mt amend.

Shall become immediately due and payable upon the event of default as set forth in the loan agreement. However it should be noted that a revolving credit agreement will often include a clause that allows the lender to close down or significantly reduce a line of credit for a variety of reason s. Borrower prior to his application for a draw upon the loc shall provide the bank with a budget and financial statement and such other financial records accountings and books as the bank shall deem. Sample revolving credit contract.