Common use of BACKGROUND STATEMENT Clause in Contracts

BACKGROUND STATEMENT. A. The Borrower has requested that the Bank extend a $5,000,000 revolving line of credit to the Borrower, to be advanced by the Bank pursuant to the terms and conditions hereof.

Appears in 3 contracts

Samples: Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Swisher Hygiene Inc.), Credit Agreement (Swisher Hygiene Inc.)

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BACKGROUND STATEMENT. A. The Borrower has requested that the Bank extend a $5,000,000 non-revolving line of credit to the Borrower, to be advanced by the Bank pursuant to the terms and conditions hereof.

Appears in 1 contract

Samples: Loan Agreement (Fountain Powerboat Industries Inc)

BACKGROUND STATEMENT. A. The Borrower has requested that the Bank extend a $5,000,000 10,000,000 revolving line of credit to the Borrower, to be advanced by the Bank pursuant to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Swisher Hygiene Inc.)

BACKGROUND STATEMENT. A. The Borrower has requested that the Bank extend a $5,000,000 15,000,000 revolving line of credit to the Borrower, to be advanced by the Bank pursuant to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Swisher Hygiene Inc.)

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BACKGROUND STATEMENT. A. The Borrower has requested that the Bank extend a $5,000,000 6,000,000 revolving line of credit to the Borrower, to be advanced by the Bank pursuant to the terms and conditions hereof.

Appears in 1 contract

Samples: Credit Agreement (Jamba, Inc.)

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