Common use of Line of Credit Amount Clause in Contracts

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 "Facility No. 3 Commitment") is Five Million and 00/100 Dollars ($5,000,000.00). (b) This is a non-revolving line of credit with a term repayment option, and providing for cash advances. Any amount borrowed, even if repaid before the end of the availability period, permanently reduces the remaining available line of credit. (c) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit to exceed the Facility No. 3

Appears in 1 contract

Samples: Business Loan Agreement (Impco Technologies Inc)

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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 "Facility No. 3 Commitment") is Five One Million and 00/100 Four Hundred Thousand Dollars ($5,000,000.001,400,000). (b) This is a non-revolving line of credit with a term repayment option, and providing for cash advances. Any amount borrowed, even if repaid before the end of the availability period, permanently reduces the remaining available line of credit. (c) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit to exceed the Facility No. 3

Appears in 1 contract

Samples: Business Loan Agreement (American Eco Corp)

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 "Facility No. 3 Commitment") is Five One Million and 00/100 Seven Hundred Fifty Thousand Dollars ($5,000,000.001,750,000). (b) This is a non-revolving line of credit with a term repayment option, and providing for cash advances. Any amount borrowed, even if repaid before the end of the availability period, permanently reduces the remaining available line of credit. (c) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit to exceed the Facility No. 3

Appears in 1 contract

Samples: Business Loan Agreement (Impco Technologies Inc)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit ("Facility No. 3") to the Borrower. The amount of the line of credit (the "Facility No. 3 Commitment") is One Million Five Million Hundred Thousand and 00/100 Dollars ($5,000,000.001,500,000.00). (b) This is a non-revolving line of credit with a term repayment option, and providing for cash advances. Any amount borrowed, even if repaid before the end of the availability period, permanently reduces the remaining available line of credit. (c) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit to exceed the Facility No. 3

Appears in 1 contract

Samples: Business Loan Agreement (Tab Products Co)

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Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit ("Facility No. 6") to the Borrower. The amount of the line of credit (the "Facility No. 3 6 Commitment") is Five Three Million and 00/100 Dollars ($5,000,000.003,000,000). (b) This is a non-revolving line of credit with a term repayment option, and providing for cash advances. Any amount borrowed, even if repaid before the end expiration date of the availability period, this line of credit permanently reduces the remaining available line of credit. (c) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit to exceed the Facility No. 36

Appears in 1 contract

Samples: Business Loan Agreement (Impco Technologies Inc)

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