Equipment Line. The Equipment Line Early Termination Fee when due pursuant to the terms of Clause 2.1.2(d).
Equipment Line. Thirty-six (36) months from the date of the final -------------- draw under the Equipment Line. Borrower shall make no more than five (5) draws under the Equipment Line, which draws must be requested and made within the twelve (12) month period immediately following the Closing Date (the "Equipment Line Expiration Date").
Equipment Line. Subject to Section 2.3(b), at Borrower's election, the principal amount outstanding for each Equipment Advance shall accrue interest at either: (i) the greater of (x) a floating per annum rate equal to one percentage point (1.0%) above the Prime Rate, or (y) six and three-quarters of one percent (6.75%), or (ii) a fixed per annum rate equal to eight and one-quarter of one percent (8.25%), determined by Bank as of the applicable Funding Date, which interest shall be payable monthly in accordance with Section 2.3(f)." 3 The Loan Agreement shall be amended by deleting the following appearing as Section 3.4 thereof:
Equipment Line. The maximum availability under the Equipment Line is hereby increased to $1,000,000 as of the Amendment Date. All Advances under the Equipment Line shall be limited to 100% of the face amount of equipment invoices (excluding taxes, shipping and installation) submitted with any Advance Request.
Equipment Line. The Equipment Line shall be available at the -------------- Closing Date in such amounts as determined pursuant to the Borrowing Base Rider. Advances under the Equipment Line shall be limited to 90% of the face amount of equipment invoice (excluding taxes, shipping and installation) submitted with any Advance Request (as provided below in 2.5).
Equipment Line. The Borrower may repay all or any portion of the -------------- principal balance of the Equipment Line from time to time until the termination of the Equipment Line (as to which, see Article 12, below). Any advances made by the Lender after such date, if any, shall be payable ON DEMAND. The Borrower shall repay the outstanding principal and interest under the Equipment Line beginning on the first day of the seventh (7th) calendar month after the execution of this Agreement, and continuing on the first day of every calendar month thereafter, in thirty (30) monthly payments of (i) principal, which payments shall be computed by the Lender based upon (A) the then outstanding principal balance of the Equipment Line, and (B) an amortization schedule of equal monthly principal payments over thirty (30) months, plus (ii) interest on the outstanding principal balance of the Equipment Line. The final payment shall be equal to the principal amount outstanding, together with all other amounts outstanding under the Equipment Line.
Equipment Line. Except as otherwise provided below, all advances made to the Borrower under the Equipment Line shall bear interest until repaid, at the Lender's "Base Rate" of interest (as defined herein).
Equipment Line. On the Closing Date, a Facility Fee equal to $15,750, which shall be non-refundable.
Equipment Line. (a) From time to time during the availability period, the Bank will make equipment loans (the "Equipment Loans") to the Borrower as provided herein. Each Equipment Loan must be for at least Twenty Five Thousand Dollars ($25,000), or for the amount of the remaining available line of credit, if less. The total of all Equipment loans outstanding under the Equipment Line (the "Facility No. 2") plus the outstanding amounts of any standby letter of credit issued pursuant to Paragraph 2.4, including amounts drawn on letters of credit and not yet reimbursed, may not exceed at any one time Five Million Dollars ($5,000,000) (the "Facility No. 2 Commitment").
Equipment Line. After expiration of any Interest Period, any principal portion of the Advances under the Equipment Line corresponding to such Interest Period which has not been converted or renewed in accordance with the terms of this Agreement shall accrue interest automatically at the Prime Rate from the date of expiration of such Interest Period until paid in full, unless and until receipt by Bank of a request for another interest rate in accordance with the terms of this Agreement.
