Common use of Borrowing and Repayment Clause in Contracts

Borrowing and Repayment. Borrower may from time to time during the period in which Bank will make advances under the Term Commitment borrow and partially or wholly repay its outstanding borrowings, provided that amounts repaid may not be reborrowed, subject to all the limitations, terms and conditions contained herein; provided however, that the total outstanding borrowings under the Term Commitment shall not exceed the maximum principal amount available thereunder, as set forth above. The outstanding principal balance of the Term Commitment shall be due and payable in full on October 1, 2001; provided however, that so long as Borrower is in compliance on said date with all terms and conditions contained herein and in any other documents evidencing the Credits, Bank agrees to restructure repayment of said outstanding principal balance so that principal shall be amortized over five (5) years and shall be repaid in sixty (60) monthly installments, as set forth in the promissory note executed by Borrower on said date to evidence the new repayment schedule.

Appears in 1 contract

Samples: Credit Agreement (Rotonics Manufacturing Inc/De)

AutoNDA by SimpleDocs

Borrowing and Repayment. Borrower may from time to time during the period in which Bank will make advances under the Term Commitment borrow and partially or wholly repay its outstanding borrowings, provided that amounts repaid may not be reborrowed, subject to all the limitations, terms and conditions contained herein; provided however, that the total outstanding borrowings under the Term Commitment shall not at any time exceed the maximum principal amount available thereunder, as set forth above. The outstanding principal balance of the Term Commitment shall be due and payable in full on October 1December 30, 20011997; provided however, that so long as Borrower is in compliance on said date with all terms and conditions contained herein and in any other documents evidencing the Credits, Bank agrees to restructure repayment of said outstanding principal balance so that principal and interest shall be amortized over five (5) years and shall be repaid in sixty (60) monthly installments, as set forth in the promissory note executed by Borrower on said date to evidence the new repayment schedule.

Appears in 1 contract

Samples: Credit Agreement (Schlotzskys Inc)

Borrowing and Repayment. Borrower may from time to time during the period in which Bank will make advances under the Term Commitment borrow and partially or wholly repay its outstanding borrowings, provided that amounts repaid may not be reborrowed, subject to all the limitations, terms and conditions contained herein; provided however, that the total outstanding borrowings under the Term Commitment shall not exceed the maximum principal amount available thereunder, as set forth above. The outstanding principal balance of the Term Commitment shall be due and payable in full on October November 1, 20012008; provided however, however that so long as Borrower is in compliance on said date with all terms and conditions contained herein and any in any other documents evidencing the Creditsany credit subject hereto, Bank agrees to restructure repayment of said outstanding principal balance so that principal shall be amortized over five (5) years and shall be repaid in sixty (60) monthly installments, as set forth in the promissory note executed by Borrower on said date to evidence the new repayment schedule.

Appears in 1 contract

Samples: Credit Agreement (Pro Dex Inc)

Borrowing and Repayment. Borrower may from time to time during the period in which Bank will make advances under the Term Commitment borrow and partially or wholly repay its outstanding borrowings, provided that amounts repaid may not be reborrowedand reborrow, subject to all the limitations, terms and conditions contained herein; provided however, that the total outstanding borrowings under the Term Commitment shall not exceed the maximum principal amount available thereunder, as set forth above. The outstanding principal balance of the Term Commitment shall be due and payable in full on October June 1, 20012000; provided however, that so long as Borrower is in compliance on said date with all terms and conditions contained herein and in any other documents evidencing the CreditsTerm Commitment, Bank agrees agrees, at borrowers request, to restructure repayment of said outstanding principal balance so that principal shall be amortized over five (5) years and shall be repaid in sixty (60) equal monthly installments, as set forth in the promissory note executed by Borrower on said date to evidence the new repayment schedule.

Appears in 1 contract

Samples: Credit Agreement (Simpson Manufacturing Co Inc /Ca/)

Borrowing and Repayment. Borrower may from time to time during the period in which Bank will make advances under the Term Commitment borrow and partially or wholly repay its outstanding borrowings, provided that amounts repaid may not be reborrowed, subject to all the limitations, terms and conditions contained herein; provided however, that the total outstanding borrowings under the Term Commitment shall not exceed the maximum principal amount available thereunder, as set forth above. The outstanding principal balance of the Term Commitment shall be due and payable in full on October February 1, 20011999; provided however, that so long as Borrower is in compliance on said date with all terms and conditions contained herein and in any other documents evidencing the Credits, Bank agrees to restructure repayment of said outstanding principal balance so that principal shall be amortized over five (5) years and shall be repaid in sixty (60) monthly installments, as set forth in the promissory note executed by Borrower on said date to evidence the new repayment schedule.

Appears in 1 contract

Samples: Credit Agreement (Laser Power Corp/Fa)

AutoNDA by SimpleDocs

Borrowing and Repayment. Borrower may from time to time during the period in which Bank will make advances under the Term Commitment borrow and partially or wholly repay its outstanding borrowings, provided that amounts repaid may not be reborrowedand reborrow, subject to all the limitations, terms and conditions contained herein; provided however, that the total outstanding borrowings under the Term Commitment shall not exceed the maximum principal amount available thereunder, as set forth above. The outstanding principal balance of the Term Commitment shall be due and payable in full on October June 1, 20011998; provided however, that so long as Borrower is in compliance on said date with all terms and conditions contained herein and in any other documents evidencing evidencins the Credits, Bank agrees to restructure repayment of said outstanding principal balance so that principal shall be amortized over five (5) years and shall be repaid in sixty (60) equal monthly installments, as set forth in the promissory note executed by Borrower on said date to evidence the new repayment schedule.

Appears in 1 contract

Samples: Credit Agreement (Simpson Manufacturing Co Inc /Ca/)

Borrowing and Repayment. Borrower may from time to time during the period in which Bank will make advances under the Term Commitment borrow and partially or wholly repay its outstanding borrowings, provided that amounts repaid may not be reborrowed, subject to all the limitations, terms and conditions contained herein; provided however, that the total outstanding borrowings under the Term Commitment shall not exceed the maximum principal amount available thereunder, as set forth above. The outstanding principal balance of the Term Commitment shall be due and payable in full on October August 1, 20011997; provided however, that so long as Borrower is in compliance on said date with all terms and conditions contained herein and in any other documents evidencing the Credits, Bank agrees to restructure repayment of said outstanding principal balance so that principal shall be amortized over five (5) years and shall be repaid in sixty (60) monthly installments, as set forth in the promissory note executed by Borrower on said date to evidence the new repayment schedule.

Appears in 1 contract

Samples: Credit Agreement (Laser Power Corp/Fa)

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