Extension of Line of Credit Sample Clauses

Extension of Line of Credit. Subject to the terms and conditions of the Loan Agreement, as herein amended, Lender agrees to extend the maturity date of the Line of Credit to June 30, 2008, pursuant to the Change In Terms Agreement in the form of the attached EXHIBIT 4-A.
Sample 1
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Extension of Line of Credit. Provided that (i) no Event of Default and (ii) no Unmatured Event of Default related to the payment of money has occurred and is continuing, and subject to the terms and conditions set forth herein, commencing on the date hereof and expiring on the Termination Date, Lender shall extend to Borrower the Line of Credit pursuant to which Lender shall make Advances to or for the account of Borrower up to an aggregate of $4,000,000, which Borrower may from time to time, borrow, repay and reborrow. No Advance shall be made after the Termination Date. Lender may, at its option and upon Lender's review of the Financial Statements of Borrower, extend the Termination Date by giving written notice to Borrower, for a period of one (1) year beyond the then current Termination Date.
Sample 1
Extension of Line of Credit. Upon the terms and subject to the conditions set forth herein, commencing on the date hereof and expiring on the Termination Date, Lender shall extend to Borrower the Line of Credit pursuant to which Lender shall from time to time make Advances to or for the account of Borrower up to an aggregate of Twelve Million ($12,000,000) dollars, which Borrower may from time to time, borrow, repay and reborrow. No Advance shall be made after the Termination Date.
Sample 1
Extension of Line of Credit. The Company and the lenders thereunder shall have entered into an amendment to the Line of Credit Agreement dated March 12, 2009 extending the availability of the line of credit thereunder through the earlier of (i) the date of consummation by the parties thereto of the transactions contemplated by the Standby Purchase Agreement, and (ii) December 31, 2009.
Sample 1
Extension of Line of Credit. Company establishes for a period of time from the Effective Date to the date set forth in the table above (the “Line of Credit Maturity Date) a revolving line of credit (the “Line of Credit”) in an aggregate principal amount not to exceed at any time outstanding the line of credit limit (the “Line of Credit Limit”) set forth in the table above, which indebtedness will be evidenced by and repaid in accordance with this Addendum. All sums advanced on the Line of Credit will be in the form of withdrawn Committed XRP as described in the Agreement for which a Credit Extension applies. Within the limits of the Line of Credit Limit and subject to the other terms and conditions hereof, the Purchaser may borrow under this Section 1, prepay under Section 3 and 4 of this Addendum and reborrow under this Section 1.
Sample 1
Extension of Line of Credit. Subject to the terms and conditions hereof, the Lender hereby agrees to make advances, in both US Dollars and bitcoin, under the Line of Credit available to the Borrower from time to time in an aggregate principal amount not to exceed the Maximum Credit Limit.
Sample 1

Related to Extension of Line of Credit

  • Line of Credit Note Xxxxxxxx's obligation to repay advances under the Line of Credit shall be evidenced by a promissory note substantially in the form of Exhibit A attached hereto ("Line of Credit Note"), all terms of which are incorporated herein by this reference.

  • The Line of Credit On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrowers from time to time from the date hereof to the Expiration Date, provided the aggregate amount of such Advances outstanding at any time does not exceed $40,000,000.00 (the “Line of Credit”). Within the foregoing limits, the Borrowers may borrow, partially or wholly prepay, and reborrow under this Section 2.1. Proceeds of the Line of Credit shall be used to assist with seasonal working capital needs and acquisitions.

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • No Extension of Credit The Company has not, directly or indirectly, including through a Subsidiary, extended credit, arranged to extend credit, or renewed any extension of credit, in the form of a personal loan, to or for any director or executive officer of the Company.

  • Revolving Line of Credit (a) From and after the date of this Agreement to and including May 31, 2003, the Bank agrees, upon the terms and subject to the conditions of this Agreement, to lend to the Borrowers, and the Borrowers may from time to time borrow from the Bank and repay and reborrow, up to a maximum aggregate principal amount at any one time outstanding under the Revolving Line of Credit Note of $5,000,000. In no event will Advances be made at such times or in such amounts that the aggregate principal amount of all such Advances hereunder at any one time outstanding would exceed the lesser of $5,000,000 and (i) 80% of the then Eligible Accounts, plus (ii) 50% of the then Eligible Inventory. Each Advance under this Agreement will be made upon the written request or, at the option of the Bank, oral request, of the Borrowers to the Bank, which request shall, if written, be in the form of a Request for an Advance and, if oral, shall contain the same certification and information as a Request for an Advance and shall be confirmed by a facsimile of a Request for an Advance followed by the original thereof. All requests for Advances (and the facsimile concerning any oral Request for an Advance) shall be received by the Bank no later than 12:00 noon of the Business Day on which the Advance is to be made. To induce the Bank to accept oral requests for Advances, the Borrowers agree that the Bank may rely on instructions given by telephone by any person purporting to be authorized to act on behalf of the Borrowers , and the Borrowers agree to indemnify and hold harmless the Bank against all damages, losses, costs and expenses (including attorney's fees) arising out of or relating to the reliance by the Bank on any oral request for Advances. Provided the same is a Business Day, on the date of the requested Advance, upon satisfaction of the conditions specified in Article 5, the Bank shall make the amount of the Advance available to the Borrowers by crediting the proceeds thereof to the general deposit account in the name of one or more of the Borrowers, as designated in writing by certificate signed by all of the Borrowers, in the Bank. If the date of the requested Advance is not a Business Day, the Advance shall be made on the first Business Day thereafter, upon the satisfaction of the conditions specified in Article 5. No Advance shall be in an amount less than $1,000. Not more than one request for an Advance shall be made on any day.

  • The Commitments and Credit Extensions 2.01 The Loans.

  • Each Extension of Credit The obligation of each Lender to make a Loan on the occasion of any Borrowing, and of the Issuing Lender to issue, amend, renew or extend any Letter of Credit, is subject to the satisfaction of the following conditions:

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Twelve Million Dollars ($12,000,000).

  • CONDITIONS OF INITIAL EXTENSION OF CREDIT The obligation of Bank to extend any credit contemplated by this Agreement is subject to the fulfillment to Bank's satisfaction of all of the following conditions:

  • Initial Extension of Credit The obligation of Lender to make the initial Advance or issue the initial Letter of Credit is subject to the condition precedent that prior thereto Lender shall have received all of the documents set forth below in form and substance satisfactory to Lender.

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