Guidance Line of Credit. As defined in Section 3.A.1 hereof.
Guidance Line of Credit. Subject to the conditions herein set forth, Lender and Borrower hereby establish the parameters for a guidance line of credit which will at no time exceed SEVEN MILLION AND NO/100 DOLLARS ($7,000,000.00) (the "Guidance Line of Credit").
Guidance Line of Credit. Lender may, in its sole and absolute discretion, enter into foreign currency forward contracts with Borrower from time to time from the date hereof to December 19, 2015 up to the aggregate amount of $6,500,000.00; provided, however, (i) that the Guidance Line Borrowing Base Usage shall not exceed the Borrowing Base minus all outstanding Advances and Letter of Credit Liabilities, and (ii) the term of any such foreign currency forward contract cannot exceed one (1) year and cannot extend past the Termination Date. No provision in this Agreement or any other Loan Document shall in any way obligate Lender to enter into any foreign currency forward contract with Borrower. Borrower shall execute any and all documents, instruments and agreements requested by Lender in connection with such forward contracts and such items shall be deemed to be Loan Documents for all purposes.”
Section 2.03 Effective as of the date hereof, Section 2.1(C)(i) of the Loan Agreement is hereby amended to read as follows:
Guidance Line of Credit. Lender may, in its sole and absolute discretion, enter into foreign currency forward contracts with Borrower from time to time from the date hereof to December 19, 2013 up to the aggregate amount of $7,500,000.00; provided, however, (i) that the Guidance Line Borrowing Base Usage shall not exceed the Borrowing Base minus all outstanding Advances, and (ii) the term of any such foreign currency forward contract cannot exceed one (1) year and cannot extend past the Termination Date. No provision in this Agreement or any other Loan Document shall in any way obligate Lender to enter into any foreign currency forward contract with Borrower. Borrower shall execute any and all documents, instruments and agreements requested by Lender in connection with such forward contracts and such items shall be deemed to be Loan Documents for all purposes.
Guidance Line of Credit. A Guidance Line of Credit is a pre-approved credit approval from a lender, for a municipality’s capital projects for a period of time, which is typically twelve months. First, each department head submits its funding request to the chief administrator for approval. Next, the lessor (lender) and the administrator review the expected borrowing needs to determine the size of the guidance line. Finally, a contingency is added to cover unexpected capital expenditures that may arise throughout the year. Energy Conservation Project Infrastructure 15 Years $7,000,000 The Master Lease Purchase Agreement (MLPA) outlines the terms and conditions between the municipality and the lessor, which includes insurance, security interest, asset maintenance, purchase option, etc. Next the MLPA is submitted to the governing body for approval. Once approved, the municipality can commence drawdown request throughout the year to acquire a wide variety of assets. Since the MLPA was pre-approved by legal, the educational agency can respond more quickly and efficiently to department funding request, which saves money.
Guidance Line of Credit. The Borrower may, from time to time, give the Bank at least fifteen (15) business days prior written notice of the Borrower's desire to increase the maximum amount of the Commitment by executing and delivering to the Bank a Guidance Line Note. Such notice shall be signed by an authorized officer of the Borrower, shall specify the proposed effective date for the Guidance Line Note, the maximum principal amount thereof, and the Maturity Date and Termination Date to be applicable thereto (which shall not extend beyond the Maturity Date and Termination Date of the Revolving Credit Note). No Guidance Line Note shall, however, be in a maximum amount less than $2,500,000.00 or shall provide for a Maturity Date less than thirty (30) days following the date on which the Bank shall make an Advance thereunder, and no Guidance Line Note shall be accepted by the Bank if a Default or Event of Default shall then exist. Any Loan made pursuant to a Guidance Line Note shall be made in a single Advance in the full face amount of such Note. THE BANK MAY DECLINE TO INCREASE THE AMOUNT OF THE COMMITMENT BY ACCEPTING ANY GUIDANCE LINE NOTE FOR ANY REASON OR FOR NO REASON, IN ITS SOLE AND ABSOLUTE DISCRETION. THE BORROWER ACKNOWLEDGES AND
Guidance Line of Credit. From time to time, Borrower may request that the Bank lend to Borrower certain sums (not to exceed $7,500,000 at any time outstanding) on the terms and conditions set forth herein, by submitting a written request therefor in substantially the form attached hereto as Exhibit No. 1 (the “Loan Request”). Upon receipt of a Loan Request, the Bank may, but shall not be obligated to, consider such request and, subject to the approval of the Bank’s Chief Credit Officer, the Bank may, at its sole discretion, approve such request. The availability of this guidance line of credit shall expire on April 30, 2003, unless expressly extended in writing by the Bank.
Guidance Line of Credit. From time to time, Borrower may request that the Bank lend to Borrower certain sums (not to exceed $10,000,000 at any time outstanding) on the terms and conditions set forth herein, by submitting a written request therefor in substantially the form attached hereto as Exhibit A (an “Advance Request”). Upon receipt of an Advance Request, the Bank shall consider such request and, subject to the Bank’s internal review process, the Bank may, at its sole discretion, approve such request. The availability of this guidance line of credit shall expire on the earlier of (i) September 30, 2003 and (ii) the six month anniversary of the Closing Date, unless expressly extended in writing by the Bank. Advances may be borrowed, repaid, and reborrowed from time to time during the availability period subject to the Borrowing Base requirements of Section 1.3 and the voluntary repayment requirements of Section 1.8.
Guidance Line of Credit. Subject to the terms and conditions of this Agreement, Lenders agree to make available to Borrower the Guidance Line of Credit (the "Guidance Line") as follows:
Guidance Line of Credit. Lender may, in its sole and absolute discretion, enter into foreign currency forward contracts with Borrower from time to time from the date hereof to December 19, 2016 up to the aggregate amount of $6,500,000.00; provided, however, (i) that the Guidance Line Borrowing Base Usage shall not exceed the Borrowing Base minus all outstanding Advances and Letter of Credit Liabilities, and (ii) the term of any such foreign currency forward contract cannot exceed one (1) year and cannot extend past the Termination Date. No provision in this Agreement or any other Loan Document shall in any way obligate Lender to enter into any foreign currency forward contract with Borrower. Borrower shall execute any and all documents, instruments and agreements requested by Lender in connection with such forward contracts and such items shall be deemed to be Loan Documents for all purposes.”
Section 2.05 Effective as of the date hereof, the definition of Collateral Account in Section 1.3 of that certain Pledge Agreement dated December 19, 2008 (as amended, the “Pledge Agreement”) between Borrower, Lender, and Borrower’s affiliates is hereby amended to read as follows:
