Common use of DESCRIPTION OF EXISTING OBLIGATIONS Clause in Contracts

DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated June 13, 2001, as may be amended from time to time, (the “Domestic Loan Agreement”). The Domestic Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000) and a Committed Term Loan in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000). Furthermore, Borrower is indebted to Bank pursuant to, among other documents, an Export-Import Bank Loan and Security Agreement, dated June 13, 2001, as may be amended from time to time (the “EXIM Loan Agreement”). The EXIM Loan Agreement provided for, among other things, an EXIM Committed Line in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000). The Domestic Loan Agreement and the EXIM Loan Agreement are collectively defined as the Loan Agreements. Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreements. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”

Appears in 3 contracts

Samples: Loan Modification Agreement (Pharsight Corp), Loan Modification Agreement (Pharsight Corp), Loan Modification Agreement (Pharsight Corp)

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DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated June 13, 2001, as may be amended from time to time, (the “Domestic Loan Agreement”). The Domestic Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000) and a Committed Term Loan in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000). Furthermore, Borrower is indebted to Bank pursuant to, among other documents, an Export-Import Bank Loan and Security Agreement, dated June 13, 2001, as may be amended from time to time (the “EXIM Loan Agreement”). The EXIM Loan Agreement provided for, among other things, an EXIM Committed Line in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000). The Domestic Loan Agreement and the EXIM Loan Agreement are collectively defined as the Loan Agreements. Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreements. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”

Appears in 1 contract

Samples: Loan Modification Agreement (Pharsight Corp)

DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a an Amended and Restated Loan and Security Agreement, dated June 13May 24, 2001, 2004 (as may be amended amended, restated, or otherwise modified from time to time, (the “Domestic Loan Agreement”). The Domestic Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Two Three Million Five Hundred Thousand Dollars ($2,500,0003,000,000) and a Committed Term Loan in the original principal amount of Three One Million Five Eight Hundred Twenty Two Thousand Nine Hundred Dollars ($3,500,0001,822,900). Furthermore, Borrower is indebted to Bank The Loan Agreement has been modified pursuant to, among other documents, an Export-Import Bank a Loan and Security AgreementModification Agreement dated February 10, dated June 132005, 2001, as may be amended from time pursuant to time (the “EXIM Loan Agreement”). The EXIM Loan Agreement provided forwhich, among other things, an EXIM Committed Line a Term Loan 2 was incorporated in the original principal amount of One Million Five Three Hundred Thousand Dollars ($1,500,000300,000). The Domestic Loan Agreement and the EXIM Loan Agreement are collectively defined as the Loan Agreements. Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan AgreementsAgreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”

Appears in 1 contract

Samples: Loan Modification Agreement (Pharsight Corp)

DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated June 13, 2001, as may be modified and amended from time to time, (the “Domestic Loan Agreement”). The Domestic Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000) and a Committed Term Loan in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000). Furthermore, Borrower is indebted to Bank pursuant to, among other documents, an Export-Import Bank Loan and Security Agreement, dated June 13, 2001, as may be modified and amended from time to time (the “EXIM Loan Agreement”). The EXIM Loan Agreement provided for, among other things, an EXIM Committed Line in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000). The Domestic Loan Agreement and the EXIM Loan Agreement are collectively defined as the Loan Agreements. Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreements. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”

Appears in 1 contract

Samples: Loan Modification Agreement (Pharsight Corp)

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DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated June 13, 2001, as may be amended or modified from time to time, (the “Domestic Loan Agreement”). The Domestic Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Two Million Five Hundred Thousand Dollars ($2,500,000) and a Committed Term Loan in the original principal amount of Three Million Five Hundred Thousand Dollars ($3,500,000). Furthermore, Borrower is indebted to Bank pursuant to, among other documents, an Export-Import Bank Loan and Security Agreement, dated June 13, 2001, as may be amended from time to time (the “EXIM Loan Agreement”). The EXIM Loan Agreement provided for, among other things, an EXIM Committed Line in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000). The Domestic Loan Agreement and the EXIM Loan Agreement are collectively defined as the Loan Agreements. Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan AgreementsAgreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”

Appears in 1 contract

Samples: Loan Modification Agreement (Pharsight Corp)

DESCRIPTION OF EXISTING OBLIGATIONS. Among other Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a an Amended and Restated Loan and Security Agreement, dated June 1320, 2001, 2003 (as may be amended amended, restated, or otherwise modified from time to time, (the “Domestic Loan Agreement”). The Domestic Loan Agreement provides for, among other things, a Committed Revolving Equipment Line in the original principal amount of Two Million One Hundred Sixty Seven Thousand Nine Hundred Twenty Five Hundred Thousand and 83/100 Dollars ($2,500,0002,167,925.83) and a Committed Term Loan Non-Formula Line and Committed Formula Line in the original principal amount of Three not to exceed Eight Million Five Hundred Thousand Dollars ($3,500,000)8,000,000) in the aggregate. Furthermore, Borrower is indebted to Bank The Loan Agreement has been modified pursuant to, among other documents, an Export-Import Bank a Loan and Security Agreement, Modification Agreement dated June 1328, 20012004, as may be amended from time pursuant to time (the “EXIM Loan Agreement”). The EXIM Loan Agreement provided forwhich, among other things, an EXIM a Committed Equipment Line 2 was incorporated in the original principal amount of One Two Million Five Hundred Thousand Dollars ($1,500,0002,000,000). The Domestic Loan Agreement and the EXIM Loan Agreement are collectively defined as the Loan Agreements. Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan AgreementsAgreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”

Appears in 1 contract

Samples: Loan Modification Agreement (Quicklogic Corporation)

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