Common use of Additional Revolving Loans Clause in Contracts

Additional Revolving Loans. The unpaid principal balance of additional revolving Loans (the 'Additional Revolving Loans'); provided that the unpaid principal balance of the Additional Revolving Loans shall not exceed the following (the 'Additional Revolving Loan Limit'): the sum of $15,000,000, effective on April 29, 1998, reducing by $312,500 on June 30, 1998 and by $312,500 on the last day of each succeeding month, until the earlier of (i) the date this Agreement terminates or is terminated, or (ii) the fourth anniversary of the date hereof. At the earlier of said dates the Additional Revolving Loan Limit shall be reduced to zero, and after said date no further Additional Revolving Loans will be made."

Appears in 2 contracts

Samples: Loan Agreement (Future Media Productions), Loan Agreement (Future Media Productions)

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Additional Revolving Loans. The unpaid principal balance of additional revolving Loans (the 'Additional Revolving Loans'); provided that the unpaid principal balance of the Additional Revolving Loans shall not exceed the following (the 'Additional Revolving Loan Limit'): the sum of $15,000,0006,500,000, effective on April 29, 1998the date hereof, reducing by $312,500 217,000 on June 30March 31, 1998 1997 and by $312,500 217,000 on the last day of each succeeding month, until the earlier of (i) the date this Agreement terminates or is terminated, or (ii) the fourth anniversary of the date hereofAugust 31, 1999. At the earlier of said dates the Additional Revolving Loan Limit shall be reduced to zero, and after said date no further Additional Revolving Loans will be made."" is amended to read as follows:

Appears in 2 contracts

Samples: Loan Agreement (Future Media Productions), Loan Agreement (Future Media Productions)

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Additional Revolving Loans. The unpaid principal balance of additional revolving Loans (the '"Additional Revolving Loans'"); provided that the unpaid principal balance of the Additional Revolving Loans shall not exceed the following (the '"Additional Revolving Loan Limit'"): the sum of $15,000,0006,500,000, effective on April 29, 1998the date hereof, reducing by $312,500 217,000 on June 30March 31, 1998 1997 and by $312,500 217,000 on the last day of each succeeding month, until the earlier of (i) the date this Agreement terminates or is terminated, or (ii) the fourth anniversary of the date hereofAugust 31, 1999. At the earlier of said dates the Additional Revolving Loan Limit shall be reduced to zero, and after said date no further Additional Revolving Loans will be made.". -------------------------------------------------------------------------------- --------------------------------------------------------------------------------

Appears in 2 contracts

Samples: Loan and Security Agreement (Future Media Productions), Loan and Security Agreement (Future Media Productions)

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