Line of Credit Loans. Payments of principal and interest with respect to Line of Credit Loans shall be due and payable by Borrower to Bank on each Payment Date and subject to the provisions of Section 2.8 below, on the Maturity Date for the Line of Credit Commitment, unless sooner accelerated in accordance with the terms hereof.
Line of Credit Loans. Each Borrower shall pay interest on the unpaid principal amount of each Line of Credit Loan (other than any Fixed Rate Line of Credit Loan made with a Line of Credit Loan Issuance Discount) made to it and owing to each Line of Credit Lender from the applicable Line of Credit Loan Date until such principal amount shall be paid in full, at the following rates per annum:
Line of Credit Loans. The Line of Credit Loans shall be paid in equal monthly installments commencing on March 31 of the Line of Credit Loan Year immediately following such Line of Credit Loan Year and on the last day of each calendar quarter ending thereafter, in each case in an amount sufficient to fully amortize the principal balance thereof as of January 5 of the Line of Credit Loan Year immediately following such Line of Credit Loan Year over an eighty four (84) month amortization period that commences on January 1 of the Line of Credit Loan Year immediately following such Line of Credit Loan Year; it being further agreed that a final payment comprised of all principal and interest not sooner paid on the Line of Credit Loans, shall be due and payable on May 9, 2014, the final maturity thereof. Each principal payment on the Line of Credit Loans shall be applied to the Lenders holding the Line of Credit Loans pro rata based upon their Line of Credit Loan Percentages.
Line of Credit Loans. (a) From time to time prior to the Line of Credit Termination Date, M&I agrees to make Line of Credit Loans to the Company subject to the terms and conditions set forth in this Loan Agreement. The amount of Line of Credit Loans outstanding at any one time shall never exceed an amount equal to the Line of Credit Commitment. All Line of Credit Loans shall be evidenced by the Line of Credit Note, the Company being obligated, however, to pay the amount of Line of Credit Loans actually made (including any over advances), together with interest on the amount which remains outstanding from time to time. The Company may borrow, repay and reborrow under this Section subject to the terms and conditions of this Loan Agreement. The Line of Credit Note shall mature on the Line of Credit Termination Date.
Line of Credit Loans. Subject to the provisions of Sections 2.5(c) or 2.12 hereof, during the period from the date made through and including the date of payment in full, each Line of Credit Loan shall bear interest on the outstanding principal amount thereof at a rate per annum equal to the Base Rate, on a floating basis."
Line of Credit Loans. (a) Subject at all times to all of the terms and conditions of this Agreement, the Lenders hereby severally (and not jointly and severally) agree to extend to the Borrowers (jointly and severally) a secured line of credit loan facility, to December 31, 1997 (the "Line of Credit Termination Date"), in an aggregate principal amount not to exceed, at any time outstanding, Twelve Million ($12,000,000) Dollars (the "Line of Credit Commitment"). Such line of credit loans are herein sometimes referred to individually as a "Line of Credit Advance" and collectively as the "Line of Credit Advances". Subject at all times to all of the terms and conditions of this Agreement, to the Line of Credit Termination Date and within the limits of the Line of Credit Commitment, Fleet shall lend fifty-five (55%) percent and Mellon shall lend forty-five (45%) percent of the aggregate amount of each Line of Credit Advance and of all Line of Credit Advances, and the Borrowers (including, without limitation, any one or more of the now-existing Subsidiaries directly) shall jointly and severally, as to all Borrowers, borrow, prepay (without penalty, except as otherwise provided in the Line of Credit Notes) and reborrow under this Section 2.02. Each request for a Line of Credit Advance by the Lenders shall be made in writing by the Chairman, the President or the Chief Financial Officer of IGI or other authorized Person designated by IGI in writing, or by telephonic communication by such officer of IGI or other designated Person to the Lenders, which shall be confirmed by written notice to the Lenders to be delivered to the Lenders by the third Business Day next following the subject request, which notice shall be in substantially the form of the Borrowing Request Certificate annexed as Exhibit "J" to the Original Agreement.
Line of Credit Loans. .. 17 Section 3.1 Line of Credit Commitment; Use of Proceeds............................. 17 Section 3.2 Notes; Repayment of Principal.......................................... 18 Section 3.3 Voluntary Reduction of Line of Credit Loan Commitment.................. 18 Section 3.4
Line of Credit Loans. (a) From time to time prior to the Line Termination Date and subject to the terms and conditions set forth in this Agreement, M&I agrees to extend to the Borrower loans in an amount not to exceed the Line of Credit Commitment. All Line of Credit Loans shall be evidenced by the Line of Credit Note, the Borrower being obligated, however, to pay only the amount of Line of Credit Loans actually made and outstanding from time to time, together with interest on the amount which remains outstanding from time to time. The Borrower may borrow, repay and reborrow under this Section subject to the terms and conditions of this Agreement; provided that any payment of any Line of Credit Loan shall be made only on the last day of the Interest Period relating thereto.
Line of Credit Loans. (A) Subject to the terms and conditions of this Agreement, Lender shall make Line of Credit Loans to Borrower from time to time prior to the Line of Credit Facility Expiration Date, as requested by Borrower in accordance with the terms of Section 2.2 hereof, up to a maximum principal amount at any time outstanding equal to the Line of Credit Maximum Availability. The Line of Credit Loans shall be evidenced by the Line of Credit Note. If the unpaid balance of the Line of Credit Loans should exceed the Line of Credit Maximum Availability or any other limitation set forth in this Agreement, such Line of Credit Loans shall nevertheless constitute Obligations that are secured by the Collateral and entitled to all benefits thereof. In no event shall Borrower be authorized to request a Line of Credit Loan at any time that there exists a Default or an Event of Default or at any time on or after the Line of Credit Facility Expiration Date. Nothwithstanding anything herein to the contrary, the sum of the aggregate outstanding principal balance of the Line of Credit Loans and the Revolving Credit Loans at any one time plus the aggregate stated amount of all Letters of Credit (other than Cash-Secured Letters of Credit) then outstanding may not exceed the sum of the Line of Credit Maximum Availability plus the Revolving Credit Maximum Availability as then in effect
Line of Credit Loans. Subject to the terms and conditions and -------------------- relying on the representations and warranties contained herein, each Lender severally agrees, on any Business Day, to make Line of Credit Loans to the Borrower during the Availability Period in an aggregate principal amount at any one time outstanding up to but not exceeding the amount of such Lender's Commitment as then in effect; provided, however, that (i) the total Exposures at -------- ------- any one time outstanding shall not exceed the total Commitments, (ii) there shall only be a single one-time advance under this Agreement (provided that Borrower may request wire transfers of such advance to multiple locations), and (iii) any Loans that are prepaid may not be reborrowed.
