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 April 26, 2005 (as may be amended, restated, or otherwise modified from time to time, the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Equipment Line in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000). 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 (Smart Move, Inc.), Loan Modification Agreement (Smart Move, Inc.)

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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 an Amended and Restated Loan and Security Agreement, dated April 26May 24, 2005 2004 (as may be amended, restated, or otherwise modified from time to time, the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Equipment Revolving Line in the original principal amount of One Three Million Five Hundred Thousand Dollars ($1,500,0003,000,000). 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 (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 April 26August 30, 2005 (2001, as may be amended, restated, modified or otherwise modified amended from time to time, (the “Loan Agreement”). The Loan Agreement provides for, among other things, a Committed Equipment Revolving Line in the original principal amount of One Four Million Five Two Hundred Thousand Dollars ($1,500,0004,200,000). 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 Modification Agreement (Synaptics Inc)

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