Credit Commitment Sample Clauses

Credit Commitment. (a) Subject to the terms and conditions hereof and of the Non- Negotiable Promissory Note, of even date herewith, made by COES in favor of CST, a copy of which is attached hereto (the "Note"), CST agrees from time to time during the two-year period commencing on the closing date of the initial public offering of securities of CST, to make loans (each, a "Loan") to COES up to a maximum aggregate amount of $_____________, which amount includes any accrued and unpaid interest on amounts advanced and loaned by CST hereunder. COES shall use the proceeds of each Loan for its working capital needs. Interest on the outstanding principal amount of the Note shall be twelve percent (12%) per annum, as more fully set forth in the Note. Subject to Section 2 below, the maximum credit commitment may be reduced under certain circumstances. COES's obligations under the Note shall be secured by a lien and pledge in the Collateral, as more fully set forth in the Pledge Agreement. (b) By written request to CST, accompanied by a description of the proposed use(s) of such loan proceeds, COES may from time to time request that CST make a Loan in the amount specified therein and CST will make such Loan. Subject to CST's review and approval of the written request, CST may, in its discretion, disburse the amount of the Loan requested by wire transfer in immediately available funds to an account or accounts designated in writing by COES, or by check if mutually agreed, within three (3) business days following COES's written request. Each such request for a Loan shall constitute COES's representation and warranty to CST that no Event of Default (as such term is defined in the Note) shall have occurred or be continuing at such time, or would occur after giving effect to any such Loan. (c) Except as otherwise provided in Section 2 below, COES will pay the entire principal balance then outstanding of the Note together with accrued interest, in cash, on the second annual anniversary of the date hereof.

Credit Commitment. During the Revolving Credit Commitment Period the Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.

Credit Commitment. Each Revolving Credit Lender shall, to the extent of its Revolving Credit Percentage of the Revolving I Credit Commitment, be deemed irrevocably to have participated in the issuance of such Revolving Credit Letter of Credit and shall be responsible to reimburse promptly the Issuer thereof for Reimbursement Obligations which have not been reimbursed by the Revolving Credit Borrowers in accordance with Section 4.5, or which have been reimbursed by the Revolving Credit Borrowers but must be returned, restored or disgorged by such Issuer for any reason, and each Revolving Credit Lender shall, to the extent of its Revolving Credit Percentage of the Revolving I Credit Commitment Amount, be entitled to receive from the Administrative Agent a ratable portion of the Revolving Credit Letter of Credit fees received by the Administrative Agent pursuant to Section 3.3.3, with respect to each Revolving Credit Letter of Credit. In the event that the Revolving Credit Borrowers shall fail to reimburse any Issuer, or if for any reason Revolving I Credit Loans shall not be made to fund any Reimbursement Obligation, all as provided in Section 4.5 and in an amount equal to the amount of any drawing honored by such Issuer under a Revolving Credit Letter of Credit issued by it, or in the event such Issuer must for any reason return or disgorge such reimbursement, such Issuer shall promptly notify each Revolving Credit Lender with a Revolving I Credit Commitment of the unreimbursed amount of such drawing and of such Revolving Credit Lender's respective participation therein. Each Revolving Credit Lender shall make available to such Issuer, whether or not any Default shall have occurred and be continuing, an amount equal to its respective participation in same day or immediately available funds at the office of such Issuer specified in such notice not later than 11:00 a.m., New York City time, on the Business Day (under the laws of the jurisdiction of such Issuer) after the date notified by such Issuer. In the event that any Revolving Credit Lender fails to make available to such Issuer the amount of such Revolving Credit Lender's participation in such Revolving Credit Letter of Credit as provided herein, such Issuer shall be entitled to recover such amount on demand from such Revolving Credit Lender together with interest at the daily average Federal Funds Rate for three Business Days (together with such other compensatory amounts as may be required to be paid by such Revolving C...

Credit Commitment. OPCO shall have received a commitment from AGH OP for a $50,000,000 line of credit at an interest rate no greater than LIBOR plus 350 basis points and payable quarterly. The line of credit will have other terms and conditions customary of a commitment of this type.

Credit Commitment. In the event the Revolving Credit Commitments shall have expired or been terminated, the Pro Rata Percentages shall be determined on the basis of the Revolving Credit Commitments most recently in effect.

Credit Commitment. Subject to the terms and conditions of this Agreement, from the date hereof through but not including April 30, 2005, the Lender shall from time to time make advances to the Fulfillment Borrowers hereunder in an aggregate amount not to exceed the lesser of (i) the Facility D-1 Credit Commitment and (ii) the Eligible Costs under Facility D-1. The aggregate amount available under Facility D-1 hereunder shall not exceed the Facility D-1 Credit Commitment. Each advance under Facility D-1 hereunder shall be called a "Facility D-1 Loan" and all such advances along with all advances under Facility D-2 hereunder shall be called the "Facility D Loans". Each Facility D-1 Loan shall be evidenced by a Facility D-1 Note in the amount of such Facility D-1 Loan advance.

Credit Commitment. Subject to the terms and conditions of this Agreement, RDOC agrees to extend to Borrower, and Borrower agrees to accept from RDOC, credit in the principal amount of $3.5 Million (the “Loan”). The Loan shall be evidenced by a promissory note executed by Borrower, dated as of Closing (as defined in Section 7.1(b) herein), substantially in the form attached hereto as Exhibit A and drawn to the order of RDOC in the principal amount of the Loan (the “Note”), the provisions of which are incorporated by reference. The Parties agree that the Loan will be credited to the Unpaid Royalties in full satisfaction thereof.

Credit Commitment. During the Revolving Credit Commitment Period the U.S. Borrower may use the U.S. Revolving Credit Commitments by borrowing, prepaying the U.S. Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The U.S. Revolving Credit Loans may from time to time be Eurodollar Loans or U.S. Base Rate Loans, as determined by the U.S. Borrower and notified to the General Administrative Agent in accordance with Sections 2.5 and 5.2, provided that no U.S. Revolving Credit Loan shall be 39 33 made as a Eurodollar Loan after the day that is one month prior to the Revolving Credit Termination Date.

Credit Commitment. Subject to the conditions hereinafter contained and so long as no Default exists or Event of Default has occurred hereunder and is continuing, the Bank may, at its sole discretion, make available to the Borrower (i) a credit facility up to a maximum amount of one million dollars ($1,000,000) in lawful currency of Canada (the "Operating Line of Credit") which the Borrower may utilize, repay and reutilize from time to time in accordance with the provisions hereof or as otherwise permitted by the Bank, provided that the aggregate principal amount of all utilizations outstanding under the Operating Line of Credit at any particular time does not exceed the Operating Available Commitment at that time, and (ii) a credit facility up to a maximum amount of one million dollars ($1,000,000) in lawful currency of Canada (the "Demand Acquisition Loan") which the Borrower may utilize, by way of one single draw on or before May 31, 1998, and repay in accordance with the provisions hereof or as otherwise permitted by the Bank.

Credit Commitment. In term of financial credit, in accordance with relevant laws, regulations, and financial policies, as well as credit terms and procedures of the Bank, the Bank commits to support the Company’s operation and development actively, provide strong credit aid, exercise prime rate within the scope of practice specified in the China Construction Bank, including real estate development loans, note discount and various foreign exchange loans. The procedures of credit and loans are conducted according to laws, regulations and relative provisions of the China Construction Bank. The Bank, taking advantage of its foreign financing superiority, is willing to transact foreign exchange and financial operations, such as project financing and etc.