Amount and Terms of Swing Line Loan Sample Clauses

Amount and Terms of Swing Line Loan. Each Advance under the Swing Line Loan shall be made from the Swing Line Lender at the Swing Line Rate in accordance with the borrowing procedure specified in Section 2.05(c). Each Advance under the Swing Line Loan shall be in a principal amount of not less than $100,000 and shall be in multiples of $100,000. The Borrowers, jointly and severally, shall be required to repay any Advance made under the Swing Line Loan in full within thirty (30) days after the Advance is made.
AutoNDA by SimpleDocs
Amount and Terms of Swing Line Loan. The Swing Line Loan shall be made as Base Rate Advances. The aggregate principal amount of each Swing Line Advance shall be not less than $100,000 or greater integral multiples of $100,000.

Related to Amount and Terms of Swing Line Loan

  • Amount and Terms of Revolving Commitments 2.1 [Reserved].

  • Amount and Terms of Credit 1.1 Credit Facilities

  • Amount and Terms of Loan 1.1 Subject to the terms and conditions of this Agreement, the Lenders agree to loan to the Borrower, and the Borrower agrees to borrow from Lenders, funds in an aggregated principal amount of up to Five Million Two Hundred Thousand US Dollars ($5,286,306.25) (the "Loan"), in installments of One Hundred Thousand Dollars or greater (each a "Loan Disbursement").

  • Amount and Terms of Revolving Credit Commitments 3.1 Revolving Credit Commitments. (a) Subject to the terms and conditions hereof, each Lender severally agrees to the extent of its Revolving Credit Commitment to extend credit to the Company from time to time on any Borrowing Date during the Revolving Credit Commitment Period (i) by purchasing an L/C Participating Interest in each Letter of Credit issued by the Issuing Lender and (ii) by making loans in Dollars (individually, such a Loan is a "Revolving Credit Loan", and collectively such Loans are the "Revolving Credit Loans") to the Company from time to time. Notwithstanding the above, in no event shall any Revolving Credit Loans be made, or Letter of Credit be issued, if the aggregate amount of the Revolving Credit Loans to be made or Letter of Credit to be issued would, after giving effect to the use of proceeds, if any, thereof, exceed the aggregate Available Revolving Credit Commitments nor shall any Letter of Credit be issued if after giving effect thereto the sum of the undrawn amount of all outstanding Letters of Credit and the amount of all L/C Obligations would exceed $10,000,000. During the Revolving Credit Commitment Period, the Company may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof, and/or by having the Issuing Lender issue Letters of Credit, having such Letters of Credit expire undrawn upon or if drawn upon, reimbursing the Issuing Lender for such drawing, and having the Issuing Lender issue new Letters of Credit.

  • Amount and Terms of the Loan Subject to the terms of this Agreement:

  • Amount and Terms of Commitment Each Lender severally agrees, on the terms and subject to the conditions hereinafter set forth,

  • Amount and Terms of Loans 32 2.1 Loans..........................................................................................32 2.2

  • Amount and Terms of the Commitment Section 2.01. The Advances ................................................................... 7 Section 2.02. Making the Advances ............................................................ 7 Section 2.03. Fees ........................................................................... 9 Section 2.04. Reduction or Termination of the Maximum Commitment ............................. 9 Section 2.05. Repayments of Interest Advances or the Final Advance ........................... 9 Section 2.06. Repayments of Provider Advances ................................................ 10 Section 2.07. Payments to the Liquidity Provider Under the Intercreditor Agreement ........... 11 Section 2.08. Book Entries ................................................................... 11 Section 2.09. Payments from Available Funds Only ............................................. 11 Section 2.10. Extension of the Expiry Date: Non-Extension Advance ........................... 11

  • Amount and Terms of the Loans 2.1 Commitments 25 2.2 Borrowings 26 2.3 Disbursements; Funding Reliance; Domicile of Loans 29 2.4 Evidence of Debt; Notes 30

  • Amount and Terms of Commitments 2.1 [Reserved].

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!