Common use of ESTABLISHMENT OF REVOLVING CREDIT Clause in Contracts

ESTABLISHMENT OF REVOLVING CREDIT. (a) The Lender hereby establishes a revolving line of credit (the "Revolving Credit") in the Borrower's favor pursuant to which the Lender, subject to, and in accordance with, this Agreement, shall make loans and advances and otherwise provide financial accommodations to and for the account of the Borrower as provided herein. The amount of the Revolving Credit shall be determined by the Lender by reference to Availability, as determined by the Lender in accordance with this Agreement from time to time hereafter. All loans made by the Lender under this Agreement, and all of the Borrower's other Liabilities to the Lender under or pursuant to this Agreement, are payable as provided herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Great Train Store Co)

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ESTABLISHMENT OF REVOLVING CREDIT. (a) The Lender hereby establishes a revolving line of credit (hereinafter, the "Revolving CreditREVOLVING CREDIT") in the Borrower's favor pursuant to which the Lender, subject to, and in accordance with, this the within Agreement, shall make advances and loans and advances and otherwise provide financial accommodations to and for the account of the Borrower as provided herein. The amount of the Revolving Credit shall be determined by the Lender by reference to Availability, as determined by the Lender in accordance with this Agreement from time to time hereafter. All loans made by the Lender under this Agreement, and all of the Borrower's other Liabilities to the Lender under or pursuant to this Agreement, are payable as provided herein.

Appears in 1 contract

Samples: Big Entertainment Inc

ESTABLISHMENT OF REVOLVING CREDIT. (a) The Lender hereby establishes a revolving line of credit (the "Revolving CreditREVOLVING CREDIT") in the Borrower's favor pursuant to which the Lender, subject to, and in accordance with, this Agreement, shall make loans and advances and otherwise provide financial accommodations to and for the account of the Borrower as provided herein. The amount of the Revolving Credit shall be determined by the Lender by reference to Availability, as determined by the Lender in accordance with this Agreement from time to time hereafter. All loans made by the Lender under this Agreement, and all of the Borrower's other Liabilities to the Lender under or pursuant to this Agreement, are payable as provided herein.

Appears in 1 contract

Samples: Loan and Security Agreement (White House Inc/Md)

ESTABLISHMENT OF REVOLVING CREDIT. (a) The Lender hereby establishes continues in effect a revolving line of credit (the "Revolving Credit") in the Borrower's Borrowers’ favor pursuant to which the Lender, subject to, and in accordance with, this Agreement, shall make loans and advances and otherwise provide financial accommodations to and for the account of the Borrower Borrowers as provided herein. The amount of the Revolving Credit shall be determined by the Lender by reference to Availability, as determined by the Lender in accordance with this Agreement calculated from time to time hereafterhereafter in accordance with the provisions of this Agreement. All loans made by the Lender under this Agreement, and all of the Borrower's Borrowers’ other Liabilities to the Lender under or pursuant to this Agreement, are payable as provided herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Iparty Corp)

ESTABLISHMENT OF REVOLVING CREDIT. (a) The Lender hereby establishes a revolving line of credit (the "Revolving Credit") in the Borrower's favor pursuant to which the Lender, subject to, and in accordance with, this Agreement, shall make loans and advances and otherwise provide financial accommodations to and for the account of the Borrower as provided herein. The amount of the Revolving Credit shall be determined by the Lender by reference to Availability, as determined by the Lender in accordance with this Agreement from time to time hereafter. All loans made by the Lender under this Agreement, and all of the Borrower's other Liabilities to the Lender under or pursuant to this Agreement, are payable as provided herein.

Appears in 1 contract

Samples: Agreement (Right Start Inc /Ca)

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ESTABLISHMENT OF REVOLVING CREDIT. (a) The Lender hereby establishes a revolving line of credit (the "Revolving CreditREVOLVING CREDIT") in the Borrower's favor pursuant to which the Lender, subject to, and in accordance with, this Agreement, shall make loans and advances and otherwise provide financial accommodations to and for the account of the Borrower as provided herein. The amount of the Revolving Credit shall be determined by the Lender by reference to Availability, as determined by the Lender in accordance with this Agreement calculated from time to time hereafterhereafter in accordance with the provisions of this Agreement. All loans made by the Lender under this Agreement, and all of the Borrower's other Liabilities to the Lender under or pursuant to this Agreement, are payable as provided herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Iparty Corp)

ESTABLISHMENT OF REVOLVING CREDIT. (a) The Lender hereby establishes a revolving line of credit (the "Revolving Credit") in the Borrower's favor pursuant to which the Lender, subject to, and in accordance with, this Agreement, shall make loans and advances and otherwise provide financial accommodations to and for the account of the Borrower as provided herein. The amount of the Revolving Credit shall be determined by the Lender by reference to Availability, as determined by the Lender in accordance with this Agreement from time to time hereafter. All loans made by the Lender under this Agreement, and all of the Borrower's other Liabilities to the Lender under or pursuant to this Agreement, are payable as provided herein.

Appears in 1 contract

Samples: Agreement (Crown Books Corp)

ESTABLISHMENT OF REVOLVING CREDIT. (a) The Lender hereby establishes a revolving line of credit (the "Revolving Credit") in the Borrower's Borrowers’ favor pursuant to which the Lender, subject to, and in accordance with, this Agreement, shall make loans and advances and otherwise provide financial accommodations to and for the account of the Borrower Borrowers as provided herein. The amount of the Revolving Credit shall be determined by the Lender by reference to Availability, as determined by the Lender in accordance with this Agreement from time to time hereafter. All loans made by the Lender under this Agreement, and all of the Borrower's Borrowers’ other Liabilities to the Lender under or pursuant to this Agreement, are payable as provided herein.

Appears in 1 contract

Samples: Loan and Security Agreement (Paper Warehouse Inc)

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