Common use of Draw Period Clause in Contracts

Draw Period. Borrower may request from Lender advances of funds ("Draws") under the Credit Facility from the date of this Agreement until March 1, 2003 (the "Draw Period"). As amounts drawn by Borrower hereunder are repaid, they may be reborrowed subject to the terms and conditions of this Credit Agreement; provided, that at no time shall the aggregate principal amount of Loans outstanding under this Credit Agreement exceed the Maximum Loan Amount. The Draw Period may be terminated by Borrower at any time by written notice to Lender. Subject to the terms and conditions of this Credit Agreement, and provided that no Event of Default has occurred, Lender shall make advances to Borrower upon request as provided in this Section 2. Upon the occurrence of an Event of, one of Lender's remedies includes Lender's right to terminate the Draw Period and Borrower's right to make Draws under this Credit Agreement.

Appears in 2 contracts

Samples: Revolving Line of Credit Agreement (Greenway Partners L P), Revolving Line of Credit Agreement (Biotime Inc)

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Draw Period. Borrower may request from Lender Lenders advances of funds ("Draws") under the Credit Facility from the date of this Agreement until March 1April 30, 2003 2008 (the "Draw Period"). As amounts drawn by Borrower hereunder are repaid, they may be reborrowed subject to the terms and conditions of this Credit Agreement; provided, that at no time shall the aggregate principal amount of Loans Loan outstanding under this Credit Agreement exceed the Maximum Loan Amount. The Draw Period may be terminated by Borrower at any time by written notice to LenderLenders. Subject to the terms and conditions of this Credit Agreement, and provided that no Event of Default has occurred, Lender Lenders shall make advances to Borrower upon request as provided in this Section 2. Upon the occurrence of an Event of, one of Lender's Lenders’ remedies includes Lender's Lenders’ right to terminate the Draw Period and Borrower's ’s right to make Draws under this Credit Agreement.

Appears in 2 contracts

Samples: Revolving Line of Credit Agreement (Biotime Inc), Revolving Line of Credit Agreement (Biotime Inc)

Draw Period. Borrower may request from Lender advances of funds ("Draws") under the Credit Facility from the date of this Agreement until March 1, 2003 2002 (the "Draw Period"). As amounts drawn by Borrower hereunder are repaid, they may be reborrowed subject to the terms and conditions of this Credit Agreement; provided, that at no time shall the aggregate principal amount of Loans outstanding under this Credit Agreement exceed the Maximum Loan Amount. The Draw Period may be terminated by Borrower at any time by written notice to Lender. Subject to the terms and conditions of this Credit Agreement, and provided that no Event of Default has occurred, Lender shall make advances to Borrower upon request as provided in this Section 2. Upon the occurrence of an Event of, one of Lender's ’s remedies includes Lender's ’s right to terminate the Draw Period and Borrower's ’s right to make Draws under this Credit Agreement.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Biotime Inc)

Draw Period. Borrower may request from Lender Lenders advances of funds ("Draws") under the Credit Facility from the date of this Agreement until March 1November 15, 2003 2008 (the "Draw Period"). As amounts drawn by Borrower hereunder are repaid, they may be reborrowed subject to the terms and conditions of this Credit Agreement; provided, that at no time shall the aggregate principal amount of Loans Loan outstanding under this Credit Agreement exceed the Maximum Loan Amount. The Draw Period may be terminated by Borrower at any time by written notice to LenderLenders. Subject to the terms and conditions of this Credit Agreement, and provided that no Event of Default has occurred, Lender Lenders shall make advances to Borrower upon request as provided in this Section 2. Upon the occurrence of an Event ofof Default, one of Lender's Lenders’ remedies includes Lender's Lenders’ right to terminate the Draw Period and Borrower's ’s right to make Draws under this Credit Agreement.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Biotime Inc)

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Draw Period. Borrower may request from Lender advances of funds ("Draws") under the Credit Facility from the date of this Agreement until March 1, 2003 2002 (the "Draw Period"). As amounts drawn by Borrower hereunder are repaid, they may be reborrowed subject to the terms and conditions of this Credit Agreement; provided, that at no time shall the aggregate principal amount of Loans outstanding under this Credit Agreement exceed the Maximum Loan Amount. The Draw Period may be terminated by Borrower at any time by written notice to Lender. Subject to the terms and conditions of this Credit Agreement, and provided that no Event of Default has occurred, Lender shall make advances to Borrower upon request as provided in this Section 2. Upon the occurrence of an Event of, one of Lender's remedies includes Lender's right to terminate the Draw Period and Borrower's right to make Draws under this Credit Agreement.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Greenway Partners L P)

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