Common use of Limits on Advances Clause in Contracts

Limits on Advances. Notwithstanding anything in this Agreement to the contrary, Bank will be under no obligation to make any Advances after the Facility Termination Date, as provided above, unless otherwise approved by Bank. Also, notwithstanding anything in this Agreement to the contrary, if there exists a Default and continuance thereof under this Agreement or any of the other Loan Documents, then in addition to Bank’s other rights and remedies, Bank may limit, restrict, suspend or terminate Borrower’s right to receive any one or more Advances; and, such action by Bank will not constitute a termination of this Agreement, will not constitute a termination of Borrower’s or any other Obligor’s obligations under this Agreement and the other Loan Documents and will not adversely affect or impair Bank’s security interests in the Collateral.