Common use of Existing Commitments Clause in Contracts

Existing Commitments. To terminate and cancel any existing commitment to the Borrower or Guarantor for a line of credit, loan, or balance of the Revolving Loan.

Appears in 2 contracts

Samples: Revolving Loan and Security Agreement (K Tronik International Corp), Revolving Loan and Security Agreement (Integrated Biopharma Inc)

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Existing Commitments. To terminate and cancel any existing commitment to the Borrower or Guarantor for a line of credit, loan, or balance of the Revolving LoanLoan or any other Debt.

Appears in 2 contracts

Samples: Revolving Loan and Security Agreement (Media Sciences International Inc), Secured Revolving Loan Note (Media Sciences International Inc)

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Existing Commitments. To terminate and cancel any existing Lenders’ commitment to the Borrower or Guarantor for a line of credit, loanRevolving Loan, or balance of the Revolving LoanLoan and Lenders’ other executory obligations under this Agreement.

Appears in 1 contract

Samples: Revolving Loan and Security Agreement (Spar Group Inc)

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