Common use of COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT Clause in Contracts

COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT. Subject to the provisions of this Agreement, the Lenders shall make a loan or advance under the Revolving Credit and the Agent shall have an L/C issued for the account of the Borrower, in each instance if duly and timely requested by the Borrower as provided herein provided that: (a) No Overloan is then outstanding and none will result therefrom. (b) There does not exist a Default or Event of Default and none will thereby exist.

Appears in 2 contracts

Samples: Loan and Security Agreement (RoomStore, Inc.), Loan and Security Agreement (RoomStore, Inc.)

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COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT. Subject to the provisions of this Agreement, the Lenders shall make a loan or advance under the Revolving Credit and the Agent shall have issue an L/C issued for the account of the Borrower, in each instance if duly and timely requested by the Borrower as provided herein provided that: (a) No Overloan is then outstanding and none will result therefrom. (b) There does not exist a Default or Event of Default and none will thereby exist.

Appears in 1 contract

Samples: Loan and Security Agreement (Wild Oats Markets Inc)

COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT. Subject to the provisions of this Agreement, the Revolving Credit Lenders shall make a loan or advance under the Revolving Credit and the Agent shall endeavor to have an L/C issued for the account of the Lead Borrower, in each instance if duly and timely requested by the Lead Borrower as provided herein provided that: : (a) No Overloan OverLoan is then outstanding and none will result therefrom. (b) There does not exist a Default or Event of Default and none will thereby exist.

Appears in 1 contract

Samples: Loan and Security Agreement (Homebase Inc)

COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT. Subject to the provisions of this Agreement, the Lenders Lender shall make a loan or advance under the Revolving Credit Loan and the Agent Lender shall have issue an L/C issued for the account of the Borrower, in each instance if duly and timely requested by the Borrower as provided herein provided that: (a) No Overloan is then outstanding and none will result therefrom. (b) There does not exist a No Default or Event of Default has occurred and is continuing and none will thereby existresult from such loan or advance.

Appears in 1 contract

Samples: Loan and Security Agreement (Charlotte Russe Holding Inc)

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COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT. Subject to the provisions of this Agreement, the Lenders shall make a loan or advance under the Revolving Credit and the Administrative Agent shall endeavor to have an L/C issued for the account of the BorrowerBorrowers, in each instance if duly and timely requested by the Lead Borrower as provided herein provided that: (a) No Overloan is then outstanding and none will result therefrom. (b) There does not exist a Default No Suspension Event or Event of Default and none will thereby existhas occurred or would result therefrom.

Appears in 1 contract

Samples: Loan and Security Agreement (Mothers Work Inc)

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