Common use of CREDIT SUBLIMITS Clause in Contracts

CREDIT SUBLIMITS. Subject to the Revolving Credit Facility Credit Limit, the Credit Sublimit for each Subfacility specified below refers to the aggregate amount which may be outstanding at any one time under each such Subfacility. • Sight Commercial Letters of Credit $ 2,500,000 • Standby Letters of Credit $ 2,500,000 FACILITY DESCRIPTION: Trade Bank will make the Revolving Credit Facility available to finance Borrower’s working capital requirements. Subject to the credit sublimits specified above, the Revolving Credit Facility may be supported by (i) a standby letter of credit in favor of Trade Bank, (ii) a guarantee or (iii) accounts receivable, inventory or other collateral. Revolving Credit Loans cannot be used to repay outstanding Revolving Credit Loans or Term Loans that have matured or to repay amounts due under any other Facilities provided to Borrower.

Appears in 3 contracts

Samples: Credit Agreement (Design Within Reach Inc), Credit Agreement (Design Within Reach Inc), Credit Agreement (Design Within Reach Inc)

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CREDIT SUBLIMITS. Subject to the Revolving Credit Facility Credit Limit, the Credit Sublimit for each Subfacility specified below refers to the aggregate amount which may be outstanding at any one time under each such Subfacility. · Sight Commercial Letters of Credit $ 2,500,000 • $3,000,000 · Standby Letters of Credit $ 2,500,000 $3,000,000 FACILITY DESCRIPTION: Trade Bank will make the Revolving Credit Facility available to finance Borrower’s 's working capital requirements. Subject to the credit sublimits specified above, the Revolving Credit Facility may be supported by (i) a standby letter of credit in favor of Trade Bank, (ii) a guarantee or (iii) accounts receivable, inventory or other collateral. Revolving Credit Loans cannot be used to repay outstanding Revolving Credit Loans or Term Loans that have matured or to repay amounts due under any other Facilities provided to Borrower.

Appears in 1 contract

Samples: Credit Agreement (Key Technology Inc)

CREDIT SUBLIMITS. Subject to the Revolving Credit Facility Credit Limit, the Credit Sublimit for each Subfacility specified below refers to the aggregate amount which may be outstanding at any one time under each such Subfacility. • Sight Commercial Letters of Credit $ 2,500,000 1,500,000 • Standby Letters of Credit $ 2,500,000 1,500,000 FACILITY DESCRIPTION: Trade Bank will make the Revolving Credit Facility available to finance Borrower’s working capital requirements. Subject to the credit sublimits specified above, the Revolving Credit Facility may be supported by (i) a standby letter of credit in favor of Trade Bank, (ii) a guarantee or (iii) accounts receivable, inventory or other collateral. Revolving Credit Loans cannot be used to repay outstanding Revolving Credit Loans or Term Loans that have matured or to repay amounts due under any other Facilities provided to Borrower.

Appears in 1 contract

Samples: Credit Agreement (Design Within Reach Inc)

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CREDIT SUBLIMITS. Subject to the Revolving Credit Facility Credit Limit, the Credit Sublimit for each Subfacility specified below refers to the aggregate amount which may be outstanding at any one time under each such Subfacility. · Sight Commercial Letters of Credit $ 2,500,000 • 25,000,000 · Standby Letters of Credit $ 2,500,000 5,000,000 FACILITY DESCRIPTION: Trade Bank will make the Revolving Credit Facility available to finance Borrower’s working capital requirements. Subject to the credit sublimits specified above, the Revolving Credit Facility may be supported by (i) a standby letter of credit in favor of Trade Bank, (ii) a guarantee or (iii) accounts receivable, inventory or other collateral. Revolving Credit Loans cannot be used to repay outstanding Revolving Credit Loans or Term Loans that have matured or to repay amounts due under any other Facilities provided to Borrower.

Appears in 1 contract

Samples: Credit Agreement (Zumiez Inc)

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