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 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 is then outstanding and none will result therefrom. (b) No Borrower is then In Default and none will thereby become In Default.

Appears in 2 contracts

Samples: Loan and Security Agreement (Drugmax Inc), Loan and Security Agreement (Childrens Place Retail Stores Inc)

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COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT. Subject to the provisions of this Agreement, the Revolving Credit Lenders Lender 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 is then outstanding and none will result therefrom. (b) No Borrower is Default then In Default and none exists or will thereby become In Defaultarise therefrom.

Appears in 1 contract

Samples: Loan and Security Agreement (Dreams Inc)

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COMMITMENT TO MAKE REVOLVING CREDIT LOANS AND SUPPORT LETTERS OF CREDIT. Subject to the provisions of this Agreement, the Revolving Credit Lenders Lender shall make a loan or advance under the Revolving Credit and the Agent Lender shall endeavor use commercially reasonably efforts 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 is then outstanding and none will result therefrom. (b) No Borrower is then In Default and none will thereby become In Default.

Appears in 1 contract

Samples: Loan and Security Agreement (Golf Galaxy, Inc.)

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