Equipment Advances. (a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make advances (each an "Equipment Advance" and collectively, the "Equipment Advances") to Borrower: (i) in one advance to take place at any time after --- the Closing Date through thirty (30) days after the Closing Date (the "Equipment Availability End Date No. 1") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 1"), and (ii) at any time and from time to time from the Equipment Availability End Date No. 1 through June 30, 1999 (the "Equipment Availability End Date No. 2") in the aggregate outstanding amount not to exceed Three Million Dollars ($3,000,000.00) less the cumulative Equipment Advances made ---- under Equipment Line No. 1 (the "Equipment Line No. 2"), and (iii) at any time and from time to time from March 13, 2000 through March 31, 2000 (the "Equipment Availability End Date No. 3") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 3"), and (iv) at any time and from time to time from __________, 2000 through September 30, 2000 (the "Equipment Availability End Date No. 4") in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) (the "Equipment Line No. 4"), and (v) at any time and from time to time from the Equipment Availability End Date No. 4 through March 31, 2001 (the "Equipment Availability End Date No. 5") in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) less the ---- cumulative Equipment Advances made under Equipment Line No.
Appears in 2 contracts
Samples: Loan Modification Agreement (Seachange International Inc), Loan Modification Agreement (Seachange International Inc)
Equipment Advances. (a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make advances (each an "Equipment Advance" and collectively, the "Equipment Advances") to Borrower: (i) in one once advance to take place at any time after --- the Closing Date through thirty (30) ---- days after the Closing Date (the "Equipment Availability End Date No. 1") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 1"), and (ii) at any time and from time to time from the Equipment Availability End Date No. 1 through June 30, 1999 (the "Equipment Availability End Date No. 2") in the aggregate outstanding amount not to exceed Three Million Dollars ($3,000,000.00) less the ---- cumulative Equipment Advances made ---- under Equipment Line No. 1 (the "Equipment Line No. 2"), and (iii) at any time and from time to time from March 13, 2000 through March 31, 2000 (the "Equipment Availability End Date No. 3") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 3"). To evidence the Equipment Advances, Borrower shall deliver to Bank, at the time of each Equipment Advance request, an invoice for the equipment to be purchased or refinanced. Equipment Advance requests under Equipment Line No. 1 shall only be permitted for Equipment purchased between July 2, 1997 and June 30, 1998. Equipment Advance requests under Equipment Line No. 2 shall only be permitted for Equipment purchased between July 1, 1998 and June 30, 1999. Equipment Advance requests under Equipment Line No. 3 shall be used only for Equipment purchased through March 31, 2000. The Equipment Advances shall be used only to purchase or refinance Equipment and shall not exceed: (ivi) at any time and eighty percent (80.0%) of the invoice amount on such equipment, including software, approved from time to time from __________, 2000 through September 30, 2000 (the "Equipment Availability End Date No. 4") in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) (the "by Bank under Equipment Line No. 4")1, and (vii) at any time and one hundred percent (100%) of the invoice amount on such equipment, including software, approved from time to time from the Equipment Availability End Date No. 4 through March 31, 2001 (the "Equipment Availability End Date No. 5") by Bank in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) less the ---- cumulative Equipment Advances made accordance with its standard commercial practices under Equipment Line No. 2, and Equipment Line No. 3, each of (i) and (ii) excluding taxes, shipping, warrant charges, freight discounts, and installation expense.
(b) Interest shall accrue from the date of each Equipment Advance at the per annum rate of: (i) for Equipment Line No. 1, and Equipment Line No. 2, one percent (1.0%) above the Prime Rate, and (ii) for Equipment Line No. 3, at one half of one percent (.50%) above the Prime Rate. Interest shall be payable monthly on the Payment Date of each month. Any Equipment
Appears in 2 contracts
Samples: Loan Modification Agreement (Seachange International Inc), Loan Modification Agreement (Seachange International Inc)
Equipment Advances. (a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make advances (each an "Equipment Advance" and collectively, the "Equipment Advances") to Borrower: (i) in one advance to take place --- at any time after --- the Closing Date through thirty (30) days after the Closing Date (the "Equipment Availability End Date No. 1") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 1"), and (ii) at any time and from time to time from the Equipment Availability End Date No. 1 through June 30, 1999 (the "Equipment Availability End Date No. 2") in the aggregate outstanding amount not to exceed Three Million Dollars ($3,000,000.00) less the ---- cumulative Equipment Advances made ---- under Equipment Line No. 1 (the "Equipment Line No. 2"). To evidence the Equipment Advances, Borrower shall deliver to Bank, at the time of each Equipment Advance request, an invoice for the equipment to be purchased or refinanced. Equipment Advance requests under Equipment Line No. 1 shall only be permitted for Equipment purchased between July 2, 1997 and June 30, 1998. Equipment Advance requests under Equipment Line No. 2 shall only be permitted for Equipment purchased between July 1, 1998 and June 30, 1999. The Equipment Advances shall be used only to purchase or refinance Equipment and shall not exceed: (iiii) at any time and eighty percent (80.0%) of the invoice amount on such equipment, including software, approved from time to time from March 13, 2000 through March 31, 2000 (the "Equipment Availability End Date No. 3") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "by Bank under Equipment Line No. 3")1, and (ivii) at any time and one hundred percent (100%) of the invoice amount on such equipment, including software, approved from time to time from __________, 2000 through September 30, 2000 (the "Equipment Availability End Date No. 4") by Bank in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) (the "accordance with its standard commercial practices under Equipment Line No. 4")2, each of (i) and (ii) excluding taxes, shipping, warranty charges, freight discounts, and installation expense.
(vb) Interest shall accrue from the date of each Equipment Advance at any time the per annum rate of one percent (1.0%) above the Prime Rate and from time shall be payable monthly on the Payment Date of each month. Any equipment Advances made pursuant to time from the Equipment Line No. 1 that are outstanding on the Equipment Availability End Date No. 4 through March 311 will be payable in Thirty (30) equal monthly installments of principal, 2001 (plus all accrued interest, beginning on the "Payment Date of the month following Equipment Availability End Date No. 5") in 1 and ending on the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) less the ---- cumulative Equipment Maturity Date No. 1. Any Equipment Advances made under pursuant to the Equipment Line No. 2 that are outstanding on the Equipment Availability End Date No. 2 will be payable in Thirty-Six (36) equal monthly installments of principal, plus all accrued interest, beginning on the Payment Date of the month following Equipment Availability End Date No. 2 and ending on the Equipment Maturity Date No.
Appears in 2 contracts
Samples: Loan Modification Agreement (Seachange International Inc), Loan Modification Agreement (Seachange International Inc)
Equipment Advances. (a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make advances (each an "Equipment Advance" and collectively, the "Equipment Advances") to Borrower: (i) in one advance to take --- place at any time after --- the Closing Date through thirty (30) days after the Closing Date (the "Equipment Availability End Date No. 1") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 1"), and (ii) at any time and from time to time from the Equipment Availability End Date No. 1 through June 30, 1999 (the "Equipment Availability End Date No. 2") in the aggregate outstanding amount not to exceed Three Million Dollars ($3,000,000.00) less the ---- cumulative Equipment Advances made ---- under Equipment Line No. 1 (the "Equipment Line No. 2"), and (iii) at any time and from time to time from March 13, 2000 through March 31, 2000 (the "Equipment Availability End Date No. 3") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 3"). To evidence the Equipment Advances, Borrower shall deliver to Bank, at the time of each Equipment Advance request, an invoice for the equipment to be purchased or refinanced. Equipment Advance requests under Equipment Line No. 1 shall only be permitted for Equipment purchased between July 2, 1997 and June 30, 1998. Equipment Advance requests under Equipment Line No. 2 shall only be permitted for Equipment purchased between July 1, 1998 and June 30, 1999. Equipment Advance requests under Equipment Line No. 3 shall be used only for Equipment purchased through March 31, 2000. The Equipment Advances shall be used only to purchase or refinance Equipment and shall not exceed: (ivi) at any time and eighty percent (80.0%) of the invoice amount on such equipment, including software, approved from time to time from __________, 2000 through September 30, 2000 (the "Equipment Availability End Date No. 4") in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) (the "by Bank under Equipment Line No. 4")1, and (vii) at any time and one hundred percent (100%) of the invoice amount on such equipment, including software, approved from time to time by Bank in accordance with its standard commercial practices under Equipment Line No. 2, and Equipment Line No. 3, each of (i) and (ii) excluding taxes, shipping, warranty charges, freight discounts, and installation expense.
(b) Interest shall accrue from the date of each Equipment Advance at the per annum rate of: (i) for Equipment Line No. 1, and Equipment Line No. 2, one percent (1.0%) above the Prime Rate, and (ii) for Equipment Line No. 3, at one half of one percent (.50%) above the Prime Rate. Interest shall be payable monthly on the Payment Date of each month. Any Equipment Advances made pursuant to the Equipment Line No. 1 that are outstanding on the Equipment Availability End Date No. 4 through March 311 will be payable in Thirty (30) equal monthly installments of principal, 2001 (plus all accrued interest, beginning on the "Payment Date of the month following Equipment Availability End Date No. 5") in 1 and ending on the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) less the ---- cumulative Equipment Maturity Date No. 1. Any Equipment Advances made under pursuant to the Equipment Line No. 2 that are outstanding on the Equipment Availability End Date No. 2 will be payable in Thirty-Six (36) equal monthly installments of principal, plus all accrued interest, beginning on the Payment Date of the month following Equipment Availability End Date No. 2 and ending on the Equipment Maturity Date No. 2. Any Equipment Advances made pursuant to the Equipment Line No. 3 that are outstanding on the Equipment Availability End Date No. 3 will be payable in Thirty-Six (36) equal monthly installments of principal, plus all accrued interest, beginning on the Payment Date of the month following Equipment Availability End Date No. 3 and ending on the Equipment Maturity Date No.
Appears in 2 contracts
Samples: Loan Modification Agreement (Seachange International Inc), Loan Modification Agreement (Seachange International Inc)
Equipment Advances. (a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make advances (each an "Equipment Advance" and collectively, the "Equipment Advances") to BorrowerBorrower in an aggregate amount not to exceed the Committed Equipment Line in the following manner: (i) in one advance to take place at any time after --- through the Closing Date through thirty (30) days after the Closing Date (the "Equipment Availability End Date NoXx. 10 (xxx ") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line NoXxxxxxxxx Xxxx Xx. 10"), and xxx (iixx) at any time and from time to time from July 1, 1999 through the Equipment Availability End Date No. 1 through June 302, 1999 (in an aggregate amount no greater than the "Committed Equipment Availability End Date No. 2") in the aggregate outstanding amount not to exceed Three Million Dollars ($3,000,000.00) Line, less the cumulative Equipment Advances made ---- under outstanding principal amounts advanced pursuant to Equipment Line No. 1 (the "Equipment Line No. 2"). To evidence the Equipment Advance or Equipment Advances, Borrower shall deliver to Bank, at the time of each Equipment Advance request, an invoice for the equipment to be purchased or refinanced. Equipment Advance requests under Equipment Line No. 1 shall only be permitted for Equipment purchased between January 1, 1999 and June 30, 1999. Equipment Advance requests under Equipment Line No. 2 shall only be permitted for Equipment purchased between June 1, 1999 and after December 31, 1999. Each invoice submitted at the time of each Equipment Advance request may not be more than sixty (iii60) at any time days past the invoice date in order to be eligible for an Equipment Advance. Notwithstanding the foregoing, the initial Equipment Advance request by the Borrower may include Equipment invoices purchased on or after January 1, 1999 which are greater than sixty (60) days past the invoice date, provided that such initial Equipment Advance request is received by Bank on or before May 7, 1999. The Equipment Advances shall be used only to purchase or refinance Equipment and shall not exceed One Hundred Percent (100%) of the invoice amount of such equipment approved from time to time from March 13by Bank, 2000 through March 31excluding taxes, 2000 shipping, warranty charges, freight discounts and installation expense. Software shall not constitute greater than twenty-five percent (the "25.0%) of aggregate Equipment Availability End Date No. 3") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 3"), and (iv) at any time and from time to time from __________, 2000 through September 30, 2000 (the "Equipment Availability End Date No. 4") in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) (the "Equipment Line No. 4"), and (v) at any time and from time to time from the Equipment Availability End Date No. 4 through March 31, 2001 (the "Equipment Availability End Date No. 5") in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) less the ---- cumulative Equipment Advances made under Equipment Line NoAdvances.
Appears in 1 contract
Samples: Loan and Security Agreement (C-Bridge Internet Solutions Inc)
Equipment Advances. (a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make advances (each an "Equipment Advance" and collectively, the "Equipment Advances") to Borrower: (i) in one advance to take place at any time after --- the Closing Date through thirty (30) days after the Closing Date (the "Equipment Availability End Date No. 1") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 1"), and (ii) at any time and from time to time from the Equipment Availability End Date No. 1 through June 30, 1999 (the "Equipment Availability End Date No. 2") in the aggregate outstanding amount not to exceed Three Million Dollars ($3,000,000.00) less the cumulative Equipment Advances made ---- under Equipment Line No. 1 (the "Equipment Line No. 2"). To evidence the Equipment Advances, Borrower shall deliver to Bank, at the time of each Equipment Advance request, an invoice for the equipment to be purchased or refinanced. Equipment Advance requests under Equipment Line No. 1 shall only be permitted for Equipment purchased between July 2, 1997 and June 30, 1998. Equipment Advance requests under Equipment Line No. 2 shall only be permitted for Equipment purchased between July 1, 1998 and June 30, 1999. The Equipment Advances shall be used only to purchase or refinance Equipment and shall not exceed: (iiii) at any time and eighty percent (80.0%) of the invoice amount on such equipment , including software, approved from time to time from March 13, 2000 through March 31, 2000 (the "Equipment Availability End Date No. 3") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "by Bank under Equipment Line No. 3")1, and (ivii) at any time and one hundred percent (100%) of the invoice amount on such equipment, including software, approved from time to time from __________, 2000 through September 30, 2000 (the "Equipment Availability End Date No. 4") by Bank in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) (the "accordance with its standard commercial practices under Equipment Line No. 4")2, each of (i) and (ii) excluding taxes, shipping, warranty charges, freight discounts, and installation expense.
(vb) Interest shall accrue from the date of each Equipment Advance at any time the per annum rate of one percent (1.0%) above the Prime Rate and from time shall be payable monthly on the Payment Date of each month. Any Equipment Advances made pursuant to time from the Equipment Line No. 1 that are outstanding on the Equipment Availability End Date No. 4 through March 311 will be payable in Thirty (30) equal monthly installments of principal, 2001 (plus all accrued interest, beginning on the "Payment Date of the month following Equipment Availability End Date No. 5") in 1 and ending on the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) less the ---- cumulative Equipment Maturity Date No. 1. Any Equipment Advances made under pursuant to the Equipment Line No. 2 that are outstanding on the Equipment Availability End Date No. 2 will be payable in Thirty-Six (36) equal monthly installments of principal, plus all accrued interest, beginning on the Payment Date of the month following Equipment Availability End Date No. 2 and ending on the Equipment Maturity Date No.
Appears in 1 contract
Samples: Loan and Security Agreement (Seachange International Inc)
Equipment Advances. (a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make advances (each an "Equipment Advance" and collectively, the "Equipment Advances") to BorrowerBorrower in an aggregate amount not to exceed the Committed Equipment Line in the following manner: (i) in one advance to take place at any time after --- the Closing Date through thirty (30) days after on the Closing Date (the "Equipment Availability End Date No. 1") in the an aggregate outstanding amount not to exceed Two Million no greater than Six Hundred Thousand Dollars ($2,000,000.00600,000.00) (the "Equipment Line No. 1"), and (ii) at any time and from time to time from the Closing Date through the Equipment Availability End Date No. 1 through June 302, 1999 (in an aggregate amount no greater than the "Committed Equipment Availability End Date No. 2") in the aggregate outstanding amount not to exceed Three Million Dollars ($3,000,000.00) Line, less the cumulative Equipment Advances made ---- under outstanding principal amounts advanced pursuant to Equipment Line No. 1 (the "Equipment Line No. 2"). To evidence the Equipment Advances, and Borrower shall deliver to Bank, at the time of each Equipment Advance request, an invoice for the Equipment to be purchased or refinanced. Equipment Advance requests under Equipment Line No. 1 shall only be permitted to refinance existing equipment leases entered into on or after October 1, 1998, provided that such request is submitted to the Bank on or before the Closing Date. Equipment Advance requests under Equipment Line No. 2 shall only be permitted for Equipment purchased after March 31, 1999. The Equipment Advances shall not exceed One Hundred Percent (iii100%) at any time and of the invoice amount of such equipment approved from time to time from March 13by Bank, 2000 through March 31including taxes, 2000 shipping, warranty charges, freight discounts and installation expense. Equipment comprised of software shall not constitute greater than twenty-five percent (25.0%) of aggregate Equipment Advances.
(b) To obtain an Equipment Advance, Borrower must notify Bank (the "notice is irrevocable) by facsimile no later than 3:00 p.m. Eastern time one (1) Business Day before the day on which the Equipment Availability End Date NoAdvance is to be made. 3") The notice in the aggregate outstanding amount not to exceed Two Million Dollars form of Exhibit B ($2,000,000.00Payment/Advance Form) (must be signed by a Responsible Officer or designee and include a copy of the "Equipment Line No. 3"), and (iv) at any time and from time to time from __________, 2000 through September 30, 2000 (the "Equipment Availability End Date No. 4") in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) (the "Equipment Line No. 4"), and (v) at any time and from time to time from invoice for the Equipment Availability End Date No. 4 through March 31, 2001 (the "Equipment Availability End Date No. 5") in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) less the ---- cumulative Equipment Advances made under Equipment Line Nobeing financed.
Appears in 1 contract
Equipment Advances. (ai) Subject to and upon the terms and conditions of this Agreement, at any time from December 3, 2004 through June 3, 2005, Bank agrees to make Equipment Advances (each a "Facility A Equipment Advance" and, collectively, the "Facility A Equipment Advances") to Borrower in an aggregate amount not to exceed Three Hundred Thousand Dollars ($300,000). Subject to and upon the terms and conditions of this Agreement, at any time from August 22, 2005 through the Tranche B-3 Availability End Date, Bank agrees to make Equipment Advances (each a "Facility B Equipment Advance" and, collectively, the "Facility B Equipment Advances") to Borrower in an aggregate amount not to exceed Two Million Five Hundred Thousand Dollars ($2,500,000). In no event with the aggregate amount of all Equipment Advances exceed the Equipment Line. Each Equipment Advance shall not exceed one hundred percent (100%) of the invoice amount of new equipment and software purchased for use by Borrower and approved by Bank from time to time (which Borrower shall, in any case, have purchased within 90 days of the date of the corresponding Equipment Advance), excluding taxes, shipping, warranty charges, freight discounts and installation expense. Notwithstanding the foregoing, (i) the aggregate amount of all Facility A Equipment Advances financing software shall not exceed $50,000, (ii) in the initial Facility A Equipment Advance, which shall be requested on or before December 31, 2004, Bank will finance equipment and software purchased at any time on or after September 3, 2004 (the "Facility A Lookback Equipment Advance"), (iii) the aggregate amount of all Facility B Equipment Advances financing software shall not exceed $250,000, and (iv) in the initial Facility B Equipment Advance, which shall be requested on or before August 31, 2005, Bank will finance equipment and software purchased at any time on or after January 1, 2005 (the "Facility B Lookback Equipment Advance").
(ii) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make advances (each an "the Facility B Equipment Advances to Borrower in three tranches, Tranche X-0, Xxxxxxx X-0 and Tranche B-3. Borrower may request one Equipment Advance under Tranche B-1, also referred to herein as the Facility B Lookback Advance" and collectively, the "on or prior to August 31, 2005. Borrower may request Facility B Equipment Advances") to Borrower: (i) in one advance to take place Advances under Tranche B-2 at any time after --- from the Closing date hereof through the Tranche B-2 Availability End Date. Borrower may request Equipment Advances under Tranche B-3 at any time from the Tranche B-2 Availability End Date through the Tranche B-3 Availability End Date.
(iii) Interest shall accrue from the date of each Equipment Advance at the Rate specified in Section 2.2, and shall be payable monthly on the first (1st) day of each month so long as any Equipment Advances are outstanding. Equipment Advances, once repaid, may not be reborrowed. Borrower may prepay any Equipment Advances without penalty or premium.
a) The Facility A Lookback Equipment Advance shall be payable in thirty six (36) equal monthly installments of principal, plus all accrued interest, beginning on January 1, 2005 and continuing on the same day of each month thereafter. Any other Facility A Equipment Advances that are outstanding on June 4, 2005 shall be payable in thirty (30) days after equal monthly installments of principal, plus all accrued interest, beginning on July 1, 2005, and continuing on the Closing Date same day of each month thereafter through the Facility A Maturity Date, at which time all amounts due or owing in connection with Facility A Equipment Advances under this Section 2.1(d) shall be immediately due and payable.
b) The Facility B Lookback Equipment Advance shall be payable in thirty (30) equal monthly installments of principal, plus all accrued interest, beginning on September 1, 2005, and continuing on the "same day of each month thereafter through the Tranche B-1 Maturity Date, at which time all amounts due in connection with the Facility B
c) Any Facility B Equipment Advances that are outstanding under Tranche B-2 on the Tranche B-2 Availability End Date No. shall be payable in thirty (30) equal monthly installments of principal, plus all accrued interest, beginning on March 1") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 1"), 2006, and (ii) continuing on the same day of each month thereafter through the Tranche B-2 Maturity Date, at any which time and from time to time from the Equipment Availability End Date No. 1 through June 30, 1999 (the "Equipment Availability End Date No. 2") all amounts due in the aggregate outstanding amount not to exceed Three Million Dollars ($3,000,000.00) less the cumulative Equipment Advances made ---- under Equipment Line No. 1 (the "Equipment Line No. 2"), and (iii) at any time and from time to time from March 13, 2000 through March 31, 2000 (the "Equipment Availability End Date No. 3") in the aggregate outstanding amount not to exceed Two Million Dollars ($2,000,000.00) (the "Equipment Line No. 3"), and (iv) at any time and from time to time from __________, 2000 through September 30, 2000 (the "Equipment Availability End Date No. 4") in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) (the "Equipment Line No. 4"), and (v) at any time and from time to time from the Equipment Availability End Date No. 4 through March 31, 2001 (the "Equipment Availability End Date No. 5") in the aggregate outstanding amount not to exceed Four Million Dollars ($4,000,000.00) less the ---- cumulative connection with Tranche B-2 Equipment Advances made under this Section 2.1(d) shall be immediately due and payable.
d) Any Facility B Equipment Line NoAdvances that are outstanding under Tranche B-3 on the Tranche B-3 Availability End Date shall be payable in thirty (30) equal monthly installments of principal, plus all accrued interest, beginning on September 1, 2006, and continuing on the same day of each month thereafter through the Tranche B-3 Maturity Date, at which time all amounts due in connection with Tranche B-3 Equipment Advances made under this Section 2.1(d) and any other amounts owing under this Agreement shall be immediately due and payable shall be immediately due and payable.
Appears in 1 contract
Samples: Loan and Security Agreement (Soundbite Communications Inc)