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 available for borrowing under the Revolving Credit shall be determined by the Lender by reference to Availability, as determined by the Lender from time to time.

Appears in 3 contracts

Samples: Loan and Security Agreement (Garden Botanika Inc), Loan and Security Agreement (Paper Warehouse Inc), Number Nine Visual Technology Corp

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ESTABLISHMENT OF REVOLVING CREDIT. (a) The Lender hereby establishes a revolving line of credit (hereinafter, 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 as provided hereinBorrowers. The amount available for borrowing under the Revolving Credit shall be determined by the Lender by reference to AvailabilityAvailability (as defined below), as determined by the Lender from time to timetime hereafter.

Appears in 1 contract

Samples: Loan and Security Agreement (Dynagen Inc)

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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 available for borrowing under the Revolving Credit may be repaid and reborrowed but shall be determined by not at any time exceed the Lender by reference to Availability, as determined by the Lender from time to timeRevolving Credit Ceiling.

Appears in 1 contract

Samples: Loan Agreement (Ufp Technologies Inc)

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