Common use of Zero Balance Clause in Contracts

Zero Balance. The Banks and the Borrower ------------ acknowledge that the outstanding balance of the Revolving Notes may be zero ($00.00) from time to time, and that prior to the Revolving Credit Termination Date such fact shall not mean the Revolving Loan Commitment and the availability of the Revolving Loans have been terminated.

Appears in 1 contract

Sources: Secured Credit Agreement (First Banks Inc)

Zero Balance. The Banks and the Borrower ------------ acknowledge that the outstanding balance of the Revolving Notes may be zero ($00.00) from time to time, and that prior to the Revolving Credit Termination Date such fact shall not mean the Revolving Loan Commitment and the availability of the Revolving Loans have been terminatedterminated nor does it mean the security interest has been released.

Appears in 1 contract

Sources: Secured Credit Agreement (First Preferred Capital Trust Ii)