Common use of Increase in the Line of Credit Clause in Contracts

Increase in the Line of Credit. The parties agree to increase the line of credit available to the Borrower under the Loan Documents from $1,250,000.00 to $2,500,000.00 and hereby amend the Promissory Note, the Loan Agreement and all other Loan Documents to increase the principal amount of the Promissory Note from $1,250,000.00 to $2,500,000.00.

Appears in 1 contract

Samples: Note and Loan Modification Agreement (Berliner Communications Inc)

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Increase in the Line of Credit. The Subject to the terms and conditions stated herein, the parties agree to increase the line of credit available to the Borrower under the Loan Documents to Six Million and No/100 Dollars ($6,000,000.00), subject to the Initial Sublimit of Three Million and No/100 Dollars ($3,000,000.00) and the Adjusted Sublimit of Four Million and No/100 Dollars ($4,000,00.00) from the current loan amount of Three Million and No/100 Dollars ($1,250,000.00 to $2,500,000.00 3,000,000.00) and hereby amend the Promissory Note, and the following provision of the Loan Agreement and all other Loan Documents to increase the principal amount of the Promissory Note from $1,250,000.00 to $2,500,000.00.Agreement:

Appears in 1 contract

Samples: And Loan and Security Agreement (Teamstaff Inc)

Increase in the Line of Credit. The parties agree to increase the line of credit available to the Borrower under the Loan Documents to Three Million and No/100 Dollars ($3,000,000.00) from Two Million Five Hundred Thousand and No/100 Dollars ($1,250,000.00 to $2,500,000.00 2,500,000.00) and hereby amend the Promissory Note, and the following provision of the Loan Agreement and all other Loan Documents to increase the principal amount of the Promissory Note from $1,250,000.00 to $2,500,000.00.Agreement:

Appears in 1 contract

Samples: Secured Promissory Note and Loan and Security Agreement (Teamstaff Inc)

Increase in the Line of Credit. The parties agree to increase the line of credit available to the Borrower under the Loan Documents from $1,250,000.00 2,500,000.00 to $2,500,000.00 8,000,000.00 and hereby amend the Promissory Note, the Loan Agreement and all other Loan Documents to reflect the increase in the principal amount of the Promissory Note line of credit from $1,250,000.00 2,500,000.00 to $2,500,000.008,000,000.00.

Appears in 1 contract

Samples: And Loan Modification Agreement (Berliner Communications Inc)

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Increase in the Line of Credit. The parties agree to increase the line of credit available to the Borrower under the Loan Documents to Five Million and No/100 Dollars ($5,000,000.00) from Three Million Five Hundred Thousand and No/100 Dollars ($1,250,000.00 to $2,500,000.00 3,500,000.00) and hereby amend the Promissory Note, and the following provision of Schedule A of the Loan Agreement and all other Loan Documents to increase the principal amount of the Promissory Note from $1,250,000.00 to $2,500,000.00.Agreement:

Appears in 1 contract

Samples: Loan and Security Agreement (Janel World Trade LTD)

Increase in the Line of Credit. The parties agree to increase the line of credit available to the Borrower under the Loan Documents to Two Million Five Hundred Thousand and No/100 Dollars ($2,500,000.00) from One Million Five Hundred Thousand and No/100 Dollars ($1,250,000.00 to $2,500,000.00 1,500,000.00) and hereby amend the Promissory Note, and the following provision of the Loan Agreement and all other Loan Documents to increase the principal amount of the Promissory Note from $1,250,000.00 to $2,500,000.00.Agreement:

Appears in 1 contract

Samples: Secured Promissory Note and Loan and Security Agreement (Teamstaff Inc)

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