Line of Credit Commitment. Subject to the terms and conditions of this Agreement, Bank shall make Advances under the Line of Credit available to Borrower in a maximum principal amount equal to the lesser of: (a) Six Million Dollars ($6,000,000), or (b) the Borrowing Base. Advances under the Line of Credit shall be evidenced by the Credit Note.
Line of Credit Commitment. The last sentence of paragraph 2.3 of the Loan Agreement is hereby amended in its entirety to read as follows: This commitment shall expire, unless earlier terminated at 2:00 p.m., Tulsa, Oklahoma time on May 1, 1998.
Line of Credit Commitment. Cybear hereby agrees, pursuant to the terms and subject to the conditions of this Credit Agreement, to make the Loan to Mediconsult and Physicians' Online for a period beginning on the date hereof and terminating on July 15, 2001 (the "Maturity Date"), at such times and, subject to Section 1(b) below, in such amounts as Mediconsult or Physicians' Online may request up to but not exceeding in the aggregate the Maximum Principal Amount. No payments under the Note shall be due and payable until the Maturity Date unless there shall have been an Event of Default.
Line of Credit Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and relying upon the representations and warranties herein set forth, Lender hereby establishes a line of credit to Borrower in an aggregate principal amount of up to twelve million eight hundred thousand Dollars ($12,800,000.00) (the “Line of Credit”).
Line of Credit Commitment. On and subject to the terms of this Agreement, the Bank agrees to make loans to the Borrower from time to time, (the availability of such Loans hereunder called the "Line of Credit") in such amounts (the "Loans") as the Borrower may from time to time request, but not exceeding the amount of $20,000,000 in the aggregate at any one time outstanding (as reduced from time to time in accordance with Section 5 hereof; the "Line of Credit Commitment"). The Borrower may borrow, prepay, repay, and reborrow from the Bank to, but not including, January 15, 2003 (the "Termination Date"), unless sooner notified of the termination of the Line of Credit pursuant to Section 9.2 hereof.
Line of Credit Commitment. (a) Subject to the terms and conditions of this Agreement, Lender agrees to make a revolving line of credit facility ("Facility A") available to Borrower during the Facility A Commitment Period in an aggregate principal amount at any one time outstanding not to exceed the borrowing base amount set forth herein (the "Facility A Borrowing Base"). During the Facility A Commitment Period, so long as no Default or Event of Default has occurred or if all Events of Default have been expressly waived in writing by Lender, Borrower may borrow and repay the amounts owing under Facility A in whole or in part, and reborrow, all in accordance with the terms and conditions hereof. Amounts drawn on Facility A shall be used by Borrower to pay debt service, to fund a reserve account pursuant to Section 2.9 and to pay for working capital.
(b) As of any date, the Facility A Borrowing Base shall be the lesser of: (i) the Facility A Maximum Principal Amount less the Collateral Reserve; or (ii) the sum of (1) 80% of the aggregate amount of Eligible Domestic Accounts Receivable, plus (2) the lesser of (x) 25% of the aggregate amount of Eligible Domestic Inventory or (y) $800,000, less (3) the Collateral Reserve. As of any date, the Facility A Borrowing Base is subject to the approval of Lender, and Lender may at the expense of Borrower, conduct an audit of Borrower to determine the Facility A Borrowing Base.
Line of Credit Commitment. 18 Line of Credit Commitment; Use of Proceeds..............................18 Line of Credit Notes; Repayment of Principal............................19 Voluntary Reduction of Line of Credit Commitments.......................19 Extension of the Line of Credit Termination Date........................20
Line of Credit Commitment. Lender agrees to loan to or for the benefit of Borrower, and Borrower agrees to draw upon and borrow, in the manner and upon the terms and conditions contained in this Credit Agreement, amounts that in the aggregate at any time outstanding shall not exceed the Line of Credit Commitment.
Line of Credit Commitment. Subject to the terms and conditions of this Agreement, Lender agrees to make a revolving line of credit facility ("FACILITY A") available to Borrower during the Facility A Commitment Period in an aggregate principal amount at any
Line of Credit Commitment is hereby restated in its entirety as follows:
