Revolving Credit Line Agreement Template

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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 which seller at its discretion agrees to permit the buyer to make purchases from time to time and to then debit buyers account for the cash price of each purchase.

Revolving credit line agreement template. And bank of america nov 17 1993 standby letter of credit agreement wells fargo bank na and handspring inc. Revolving line of credit agreement. It is the intent of the borrower and lender hereunder to create a line of credit agreement between borrower and lender whereby borrower may borrow up to from lender.

Sample revolving credit agreement. Revolving line of credit loan agreement schuff steel co. 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.

Loan agreement revolving line of credit this loan agreement the agreement is made as of the day of february 2011 by and betweenmojave water agency a california body politic and corporate organized pursuant to the california water code appendix section 97 1et seq. Offering a line of credit to a friend or business client. The undersigned borrower promises to pay to the order of lender the principal amount of or so much thereof as shall have been disbursed by the lender and may remain outstanding together with interest on outstanding balances of principal in accordance with and under the terms of that certain revolving credit line agreement.

Jun 1 1994 letter of credit and reimbursement agreement mgm grand inc. And bank one arizona na. And citicorp usa inc.

Provided however that lender has no obligation to lend borrower any amounts hereunder and the decision to lend such money lies in the sole and complete discretion of the. Revolving credit agreement foodmaker inc credit lyonnais and union bank jul 26 1994 credit agreement sun microsystems inc. A revolving credit agreement establishes the terms of a loan in which a borrower is given a loan or credit that does not have a fixed number of payments.

Other names for this document. Revolving line of credit loansubject to the terms and conditions of this agreement and in reliance upon the representations and warranties set forth in this agreement the lender has agreed to lend to borrower and borrower has agreed to borrow from lender as of the effective date and from time to time thereafter on a revolving basis an amount not to exceed 235000000. Requesting a line of credit from a lender or business that you frequent.

A revolving credit agreement is considered as the credit line in case the customer commits to pay the fees to the bank or financial institution for the borrowing of money and after that is allowed to use the aforesaid borrowed money at the time of his need.