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 disbursements. Facility A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $300,000.00 in the aggregate at any one time outstanding ("Facility A."). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes"). The proceeds of Facility A shall be used for the following purposes: financial investments. Facility A shall expire on November 30, 1995 unless earlier withdrawn.

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 disbursementsdisbursement. Facility A. FACILITY A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $300,000.00 500,000.00 in the aggregate at any one time outstanding ("Facility A.A"). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this the Section 1 as the "Notes"). The proceeds of Facility A shall be used for the following purposespurpose: financial investmentsPrepay lease on branch and working capital. Facility A shall expire on November 30August 31, 1995 1998 unless earlier withdrawn.