Amount and Terms of the Credit. Subject to the terms and upon the conditions of this Agreement, the Issuing Bank shall issue standby letters of credit for the account of the Company from time to time up to but not including the date which is one year prior to the Maturity Date (the "L/C Commitment Termination Date"). The maximum aggregate principal amount which remains undrawn under all outstanding Letters of Credit (the "L/C Obligations") under this Agreement shall not exceed at any one time outstanding the aggregate principal sum of TEN MILLION AND NO/100 DOLLARS ($10,000,000.00) (the "L/C Commitment").
Amount and Terms of the Credit. Section 2.1 Commitments 28 Section 2.2 Borrowings 29 Section 2.3 Disbursements; Funding Reliance; Domicile of Loans 30 Section 2.4 Evidence of Debt; Notes 31 Section 2.5 Termination and Reduction of Commitments 32 Section 2.6 Mandatory Payments and Prepayments 33 Section 2.7 Voluntary Prepayments 33 Section 2.8 Interest 34 Section 2.9 Fees 36 Section 2.10 Conversions and Continuations 37 Section 2.11 Method of Payments; Computations; Apportionment of Payments 38 Section 2.12 Recovery of Payments 40 Section 2.13 Use of Proceeds 40 Section 2.14 Pro Rata Treatment 41 Section 2.15 Increased Costs; Change in Circumstances; Illegality 42 Section 2.16 Taxes 44 Section 2.17 Compensation 47 Section 2.18 Replacement Lenders 47 Section 2.19 Increase in Commitments 49 ARTICLE III
Amount and Terms of the Credit. 1 SECTION 2.01 THE TOTAL COMMITMENT.......................................1
Amount and Terms of the Credit. 1.1 COMMITMENT OF THE BANK.
Amount and Terms of the Credit. Section 2.1 Commitments 33 Section 2.2 Borrowings 35 Section 2.3 Disbursements; Funding Reliance; Domicile of Loans 36 Section 2.4 Evidence of Debt; Notes 37 Section 2.5 Termination and Reduction of Commitments 38 Section 2.6 Mandatory Payments and Prepayments 38 Section 2.7 Voluntary Prepayments 39 Section 2.8 Interest 40 Section 2.9 Fees 41 Section 2.10 Conversions and Continuations 42 Section 2.11 Method of Payments; Computations; Apportionment of Payments 43 Section 2.12 Recovery of Payments 46 Section 2.13 Use of Proceeds 46 Section 2.14 Pro Rata Treatment 46 Section 2.15 Increased Costs; Change in Circumstances; Illegality 47 Section 2.16 Taxes 50 Section 2.17 Compensation 52 Section 2.18 Replacement of Lenders; Mitigation of Costs 53 Section 2.19 Increase in Commitments 54 Section 2.20 Defaulting Lenders 57 ARTICLE III
Amount and Terms of the Credit. Subject to the terms and upon the conditions herein and as set forth in the Loan Documents, Xxxxxx agrees to make advances (collectively and severally, the “Loan Advances” and, individually, a “Loan Advance”) to Borrower monthly, during the period which shall expire twelve (12) months from the Effective Date (the “Maturity Date” or the “Loan Term”), in an aggregate principal amount not to exceed Two Hundred Fifty Thousand Dollars ($250,000) (the “Commitment” or “Loan Amount”), from which the cumulative amount of Loan funds drawn during the term of the Loan shall not exceed Seven Hundred Thousand Dollars ($700,000). Unless there shall occur an Event of Default hereunder or amounts outstanding hereunder shall earlier become due and payable in accordance with the provisions hereof, all Loan Advances and interest accrued but unpaid thereon shall be due and payable in full on the Maturity Date (or the Extended Maturity Date, as defined below). Each Loan Advance shall be used by Borrower in its entirety only to pay the Approved Expenses. Conditions for approval of each Loan Advance are set forth below in Section 3.02. Lender reserves the right to limit draws based on the Borrower’s financial condition and program performance. Within such limits, Borrower may borrow and may reborrow under this Section 2.01(a).
Amount and Terms of the Credit. ..8 Section 2.01. The Revolving Credit...............................8 Section 2.02. The Credit.........................................8 (a)
Amount and Terms of the Credit. 19 2.1 Revolving Credit Loan . . . . . . . . . . . . . . 19 2.2
Amount and Terms of the Credit. 2.1 Commitments 20 2.2 Borrowings 20 2.3 Disbursements; Funding Reliance; Domicile of Loans 21 2.4 Notes 22 2.5 Termination and Reduction of Commitments 23 2.6 Mandatory Payments and Prepayments 24 2.7 Voluntary Prepayments 24 2.8 Interest 25 2.9 Fees 27 2.10 Interest Periods 28 2.11 Conversions and Continuations 29 2.12 Method of Payments; Computations 30 2.13 Recovery of Payments 31 2.14 Use of Proceeds 32 2.15 Pro Rata Treatment 32 2.16 Increased Costs; Change in Circumstances; Illegality; etc 33 2.17 Taxes 35 2.18 Compensation 38 2.19 Replacement Lenders 38 2.20 Increase in Commitments 39 2.21 Extension of Tranche 1 Maturity Date and Tranche 2 Maturity Date 40
Amount and Terms of the Credit. 2.1 Commitments 29 2.2 Borrowing 29 2.3 Disbursements; Funding Reliance; Domicile of Loans 31
