Common use of Credit Line Clause in Contracts

Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (x) the date on which this Agreement is terminated pursuant to Section 10. and (y) the date on which IBM Credit terminates the Credit Line pursuant to Section 9., IBM Credit agrees to extend to the Customer a credit line ("Credit Line") in the amount set forth the Attachment A pursuant to which IBM Credit will make to the Customer, from time to time, Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance Amount. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer and (y) make Advances pursuant to this Agreement upon the request of Customer in an aggregate amount at any one time outstanding in excess of the Credit Line.

Appears in 4 contracts

Samples: Inventory and Working Capital Financing Agreement (Multiple Zones Inc), Inventory and Working Capital Financing Agreement (Litronic Inc), Inventory and Working Capital Financing Agreement (Litronic Inc)

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Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (x) the date on which this Agreement is terminated pursuant to Section 10. and (y) the date on which IBM Credit terminates the Credit Line pursuant to Section 9., IBM Credit agrees to extend to the Customer a credit line ("Credit Line") in the amount set forth the in Attachment A pursuant to which IBM Credit will make to the Customer, from time to time, Product Advances and A/R Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance Amount. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer and (y) make Product Advances and A/R Advances pursuant to this Agreement upon the request of Customer in an aggregate amount at any one time outstanding in excess of the Credit Line.

Appears in 2 contracts

Samples: Inventory and Working Capital Financing Agreement (Datatec Systems Inc), Inventory and Working Capital Financing Agreement (Datatec Systems Inc)

Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (xi) the date on which this Agreement is terminated pursuant to Section 10. 11.1 and (yii) the date on which IBM Credit terminates the Credit Line pursuant to Section 9.9.2, IBM Credit agrees to extend to the Customer Customers a credit line ("Credit Line") in the amount set forth the in Attachment A pursuant to which IBM Credit will make to the CustomerCustomers, from time to time, Product Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance AmountAvailable Credit. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole and absolute discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of subsequently reset the Credit Line back to the original amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer Customers, and (y) make Product Advances pursuant to this Agreement upon the request of Customer Customers in an aggregate amount at any one time outstanding in excess of the Credit Line.

Appears in 2 contracts

Samples: Wholesale Financing Agreement (Microage Inc /De/), Inventory Financing Agreement (Microage Inc /De/)

Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (x) the date on which this Agreement is terminated pursuant to Section 10. 10 and (y) the date on which IBM Credit terminates the Credit Line pursuant to Section 9., IBM Credit agrees to extend to the Customer Borrower a credit line ("Credit Line") in the amount set forth the in Attachment A pursuant to which IBM Credit will make to the CustomerBorrower, from time to time, Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance Amount. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer Borrower and (y) make Advances pursuant to this Agreement upon the request of Customer Borrower in an aggregate amount at any one time outstanding in excess of the Credit Line.

Appears in 2 contracts

Samples: Inventory and Working Capital Financing Agreement (Pfsweb Inc), Inventory Financing Agreement (Pfsweb Inc)

Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (x) the date on which this Agreement is terminated pursuant to Section 10. and (y) the date on which IBM Credit terminates the Credit Line pursuant to Section 9., IBM Credit agrees to extend to the Customer a credit line ("Credit Line") in the amount set forth the in Attachment A pursuant to which IBM Credit will make to the Customer, from time to time, Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance Amount. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer and (y) make Advances pursuant to this Agreement upon the request of Customer in an aggregate amount at any one time outstanding in excess of the Credit Line.

Appears in 2 contracts

Samples: Financing Agreement (Emtec Inc/Nj), Financing Agreement (Western Micro Technology Inc)

Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (x) the date on which this Agreement is terminated pursuant to Section 10. and (y) the date on which IBM Credit terminates the Credit Line pursuant to Section 9., IBM Credit agrees to extend to the Customer a credit line ("Credit Line") in the amount set forth the in Attachment A pursuant to which IBM Credit will make to the Customer, from time to time, Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance Amount. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer and (y) make Advances pursuant to this Agreement upon the request of Customer in an aggregate amount at any one time outstanding in excess of the Credit Line.

Appears in 2 contracts

Samples: Financing Agreement (Syscomm International Corp), Financing Agreement (Syscomm International Corp)

Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (xi) the date on which this Agreement is terminated pursuant to Section 10. 10.1 and (yii) the date on which IBM Credit terminates the Credit Line pursuant to Section 9.9.2, IBM Credit agrees to extend to the Customer a credit line ("Credit Line") in the amount set forth the in Attachment A pursuant to which IBM Credit will make to the Customer, from time to time, Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance Amount. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole and absolute discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer Customer, and (y) make Advances pursuant to this Agreement upon the request of Customer in an aggregate amount at any one time outstanding in excess of the Credit Line. Notwithstanding anything herein to the contrary, except for seasonal uplifts and temporary increases due to overadvances of funds under the Credit Line which may occur from time to time, IBM Credit shall not increase Customer's Credit Line without the prior written consent of Customer.

Appears in 1 contract

Samples: Inventory and Working Capital Financing Agreement (Xlconnect Solutions Inc)

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Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (xi) the date on which this Agreement is terminated pursuant to Section 10. 10.1 and (yii) the date on which IBM Credit terminates the Credit Line pursuant to Section 9.9.2, IBM Credit agrees to extend to the Customer a credit line ("Credit Line") in the amount set forth the in Attachment A pursuant to which IBM Credit will make to the Customer, from time to time, Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance AmountCredit Line. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole and absolute discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer Customer, and (y) make Advances pursuant to this Agreement upon the request of Customer in an aggregate amount at any one time outstanding in excess of the Credit Line.

Appears in 1 contract

Samples: Inventory Financing Agreement (Compucom Systems Inc)

Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to to, but not including including, the date that is the earlier of (xi) the date on which this Agreement is terminated pursuant to Section 10. 10.1 and (yii) the date on which IBM Credit terminates the Credit Line pursuant to Section 9.9.2, IBM Credit agrees to extend to the Customer a credit line ("Credit Line") in the amount set forth the in Attachment A pursuant to which IBM Credit will make to the Customer, from time to time, Product Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance AmountCredit Line. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole and absolute discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer Customer, and (y) make Product Advances pursuant to this Agreement upon the request of Customer in an aggregate amount at any one time outstanding in excess of the Credit Line.

Appears in 1 contract

Samples: Inventory Financing Agreement (En Pointe Technologies Inc)

Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (xi) the date on which this Agreement is terminated pursuant to Section 10. 10.1 and (yii) the date on which IBM Credit terminates the Credit Line pursuant to Section 9.9.2, IBM Credit agrees to extend to the Customer a credit line ("Credit Line") in the amount set forth the in Attachment A pursuant to which IBM Credit will make to the Customer, from time to time, Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance AmountCredit Line. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole reasonable discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer Customer, and (y) make Advances pursuant to this Agreement upon the request of Customer in an aggregate amount at any one time outstanding in excess of the Credit Line.

Appears in 1 contract

Samples: Agreement for Inventory Financing (Pc Connection Inc)

Credit Line. Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (x) the date on which this Agreement is terminated pursuant to Section 10. 10.1 and (y) the date on which IBM Credit terminates the Credit Line pursuant to Section 9.9.2, IBM Credit agrees to extend to the Customer a credit line ("Credit Line") in the amount set forth the in Attachment A pursuant to which IBM Credit will may make to the Customer, from time to time, Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance Amount. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer and (y) make Advances pursuant to this Agreement upon the request of Customer in an aggregate amount at any one time outstanding in excess of the Credit Line.

Appears in 1 contract

Samples: Financing Agreement (En Pointe Technologies Inc)

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