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, an Amended and Restated Loan and Security Agreement dated July 10, 2000, as amended or modified from time to time (the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Ten Million Dollars ($10,000,000). The Loan Agreement has been modified pursuant to, among other documents, a Loan Modification Agreement dated December 28, 2001, pursuant to which, among other things, the Committed Revolving Line was decreased to Three Million Dollars ($3,000,000). The Loan Agreement was further modified pursuant to, among other documents, a Loan Modification Agreement, dated November 22, 2002, pursuant to which, among other things, the Committed Revolving Line was increased to Five Million Dollars ($5,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”

Appears in 2 contracts

Samples: Loan Modification Agreement (Kana Software Inc), Loan Modification Agreement (Kana Software Inc)

AutoNDA by SimpleDocs

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, an Amended and Restated Loan and Security Agreement Agreement, dated July 10, 2000, as amended or modified from time to time time, (the "Loan Agreement"). The Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Ten Million Dollars ($10,000,000). The Loan Agreement has been modified pursuant to, among other documents, documents a Loan Modification Agreement dated December 28, 2001, 2001 pursuant to which, among other things, things the original principal amount of the Committed Revolving Line was decreased to Three Million Dollars ($3,000,000). The Loan Agreement was further has been recently modified pursuant to, among other documents, to a Loan Modification Agreement, Agreement dated November March 22, 2002, pursuant to which, among other things, the original principal amount of the Committed Revolving Line was increased to Five Four Million Dollars ($5,000,0004,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Obligations."

Appears in 1 contract

Samples: Loan Modification Agreement (Kana Software Inc)

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, an Amended and Restated Loan and Security Agreement Agreement, dated July 10, 2000, as amended or modified from time to time time, (the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Ten Million Dollars ($10,000,000). The Loan Agreement has been modified pursuant to, among other documents, a Loan Modification Agreement dated December 28, 2001, pursuant to which, among other things, the Committed Revolving Line was decreased to Three Million Dollars ($3,000,000). The Loan Agreement was further modified pursuant to, among other documents, a Loan Modification Agreement, Agreement dated November 22, 2002, pursuant to which, among other things, the Committed Revolving Line was increased to Five Million Dollars ($5,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”

Appears in 1 contract

Samples: Loan Modification Agreement (Kana Software Inc)

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, an Amended and Restated a Loan and Security Agreement Agreement, dated July 10, 2000, as amended or modified from time to time time, (the "Loan Agreement"). The Loan Agreement provides for, among other things, a Committed Revolving Line in the original principal amount of Ten Million Dollars ($10,000,000). The Loan Agreement has been modified pursuant to, among other documents, a Loan Modification Agreement dated December 28, 2001, pursuant to which, among other things, the Committed Revolving Line was decreased to Three Million Dollars ($3,000,000). The Loan Agreement was further has been recently modified pursuant to, among other documents, to a Loan Modification Agreement, Agreement dated November 22, 2002, pursuant to which, among other things, the original principal amount of the Committed Revolving Line was increased to Five Million Dollars ($5,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Obligations."

Appears in 1 contract

Samples: Loan Modification Agreement (Kana Software Inc)

AutoNDA by SimpleDocs

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, an Amended and Restated a Loan and Security Agreement Agreement, dated July 10March 20, 20002002 (as may be amended, as amended restated, or otherwise modified from time to time (time, the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Revolving Equipment Line in the original principal amount of Ten One Million Dollars ($10,000,0001,000,000). The Loan Agreement has been modified pursuant to, among other documents, a Loan Modification Agreement dated December 28January 7, 20012003, pursuant to which, among other things, the Committed Revolving Equipment 2 Line was decreased to Three incorporated in the original principal amount of One Million Five Hundred Thousand Dollars ($3,000,0001,500,000). The Loan Agreement was has been further modified pursuant to, among other documents, a Loan Modification Agreement, dated November 22, 2002, pursuant to which, among other things, the Committed Revolving Equipment 2 Line was increased to Five Three Million Two Hundred Thousand Dollars ($5,000,0003,200,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the “Obligations.”

Appears in 1 contract

Samples: Loan and Security Agreement (Alexza Pharmaceuticals Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!