Common use of Limitations on Advances Clause in Contracts

Limitations on Advances. The outstanding balance of the Loan may increase and decrease from time to time, and Advances thereunder may be repaid and reborrowed, but the total of Advances outstanding at any one time under the Loan shall never exceed the applicable Maximum Loan Amount. 41.4

Appears in 3 contracts

Samples: Share Purchase Agreement (American Dream International LTD), Share Purchase Agreement (Welty W R), Share Purchase Agreement (Vector Aeromotive Corp)

AutoNDA by SimpleDocs

Limitations on Advances. The outstanding balance of the Loan may increase and decrease from time to time, and Advances thereunder may be repaid and reborrowed, but the total of Advances outstanding at any one time under the Loan shall never exceed the applicable Maximum Loan Amount. 41.4.

Appears in 1 contract

Samples: Loan and Security Agreement (Vector Aeromotive Corp)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.