Common use of Line of Credit Clause in Contracts

Line of Credit. Lender hereby establishes for a period extending to December 31, 2007 (the "Maturity Date") a revolving line of credit (the "Credit Line") for Borrower in the principal amount of Thirty Thousand Dollars ($30,000.00) (the "Credit Limit"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note in the amount of the Credit Limit, in the form attached hereto as EXHIBIT A (the "Promissory Note"). All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "Advance") shall become part of the principal of said Promissory Note.

Appears in 2 contracts

Samples: Revolving Line of Credit Agreement (China Wireless Communications Inc), Revolving Line of Credit Agreement (China Wireless Communications Inc)

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Line of Credit. Lender hereby establishes for a period extending to December 31, 2007 2014 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Five Hundred Thousand Dollars ($30,000.00500,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 2 contracts

Samples: Revolving Line of Credit Agreement (Capall Stables, Inc.), Revolving Line of Credit Agreement (Capall Stables, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31January 14, 2007 2010 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Seven Hundred Thousand Dollars ($30,000.00700,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 2 contracts

Samples: Revolving Line of Credit Agreement (DLR Funding, Inc.), Revolving Line of Credit Agreement (Seamless Wi-Fi, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2007 2011 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Thousand Dollars ($30,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 2 contracts

Samples: Revolving Line of Credit Agreement (Midnight Candle Co), Revolving Line of Credit Agreement (Midnight Candle Co)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2007 2003 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Five Hundred Thousand Dollars ($30,000.00500,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 2 contracts

Samples: Revolving Line of Credit Agreement (Lindows Inc), Revolving Line of Credit Agreement (Lindows Inc)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2007 June 1st 2017 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Four Hundred Fifty Thousand Dollars ($30,000.00450,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Teardroppers, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2007 June 30. 2012 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Four Hundred Thousand Dollars ($30,000.00400,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Bedminster National Corp)

Line of Credit. Lender hereby establishes for a period extending to December 31February 15th, 2007 2013 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Five Hundred Thousand Dollars ($30,000.00500,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (SSTL, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31from the date hereof until January 1, 2007 2008 (the "Maturity Date") a revolving line of credit (the "Credit Line") for and on behalf of Borrower in the principal amount of Thirty Thousand Dollars equal to one million dollars ($30,000.001,000,000.00) (the "Credit Limit"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, substantially in the form attached hereto as EXHIBIT A (the Exhibit "Promissory NoteA"). All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "Advance") shall become part of the principal of said the Promissory Note.

Appears in 1 contract

Samples: Line of Credit Agreement (Speaking Roses International Inc)

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Line of Credit. Lender hereby establishes for a period extending to December 31August 1st, 2007 2020 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Three Hundred Thousand Dollars ($30,000.00300,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (RC-1, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2007 2010 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Thousand fifty thousand Dollars ($30,000.0050,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Brain Tree International Inc)

Line of Credit. Lender hereby establishes for a period extending to December 31January 1, 2007 2010 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Five Hundred Thousand Dollars ($30,000.00500,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (DLR Funding, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2007 2018 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit LineCREDIT LINE") for Borrower in the principal amount of Thirty Fifty Thousand Dollars ($30,000.0050,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (As Capital, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31October 15th, 2007 2014 (the "Maturity DateMATURITY DATE") a revolving line of credit (the "Credit Line"(“CREDIT LINE”) for Borrower in the principal amount of Thirty Five Hundred Thousand Dollars ($30,000.00500,000.00) (the "Credit LimitCREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a promissory note Promissory Note in the amount of the Credit Limit, Limit and in the form attached hereto as EXHIBIT A (the "Promissory Note")and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "AdvanceADVANCE") shall become part of the principal of said Promissory Note.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (RC-1, Inc.)

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