LOAN LEDGER ACCOUNT. The amount of each ABL Loan made by Bank to Borrower hereunder shall be debited to the loan ledger account of Borrower maintained by Bank for the ABL Line of Credit (herein called the "ABL Loan Account") and Bank shall credit the ABL Loan Account with all loan repayments in respect thereof made by Borrower. ABL Loans may only be used for general corporate purposes.
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Samples: Credit Agreement (PDF Solutions Inc)
LOAN LEDGER ACCOUNT. The amount of each ABL Loan made by Bank to Borrower hereunder shall be debited to the loan ledger account of Borrower maintained by Bank for the ABL Line of Credit (herein called the "ABL Loan Account") and Bank shall credit the ABL Loan Account with all loan repayments in respect thereof made by Borrower. ABL Loans Loan may only be used for to support growth in trading assets and general corporate purposes.
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LOAN LEDGER ACCOUNT. The amount of each ABL Loan made by Bank to Borrower hereunder shall be debited to the loan ledger account of Borrower maintained by Bank for the ABL Line of Credit (herein called the "ABL Loan Account") and Bank shall credit the ABL Loan Account with all loan repayments in respect thereof made by Borrower. ABL Loans may only be used for general corporate purposespurposes and to support trading assets.
Appears in 1 contract
Samples: Credit Agreement (Cardiodynamics International Corp)
LOAN LEDGER ACCOUNT. The amount of each ABL Loan made by Bank Lender to Borrower hereunder shall be debited to the loan ledger account of Borrower maintained by Bank Lender for the ABL Line of Credit (herein called the "ABL Loan Account") and Bank Lender shall credit the ABL Loan Account with all loan repayments in respect thereof made by Borrower. The proceeds of the ABL Loans may only be used by Borrower for general corporate purposes.
Appears in 1 contract
Samples: Credit Agreement (Emarketplace Inc)
LOAN LEDGER ACCOUNT. The amount of each ABL Loan made by Bank to Borrower hereunder shall be debited to the loan ledger account of Borrower maintained by Bank for the ABL Line of Credit (herein called the "ABL Loan Account") and Bank shall credit the ABL Loan Account with all loan repayments in respect thereof made by Borrower. ABL Loans may only be used for general corporate purposesfor, (1) working capital and (2) the issuance of letters of credit ("Letters of Credit").
Appears in 1 contract
Samples: Credit Agreement (Tekelec)
