Common use of Loan Renewal Clause in Contracts

Loan Renewal. The Bank has renewed the Loan in the amount of $3,000,000.00 (the “Renewal Loan”) as evidenced by a Renewal Revolving Credit Note dated effective June 30, 2015 (the “Renewal Note”).

Appears in 1 contract

Samples: Revolving Credit Loan and Security Agreement (Deer Valley Corp)

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Loan Renewal. The Bank has renewed is renewing the Loan in the original and current principal amount of $3,000,000.00 1,302,000.00 (the “Renewal Loan”) ), as evidenced by a Renewal Revolving Credit Commercial Term Promissory Note dated effective June 30, 2015 of even date herewith (the “Renewal Note”).

Appears in 1 contract

Samples: Loan Agreement (Odyssey Marine Exploration Inc)

Loan Renewal. The Bank has renewed the Loan in the amount of $3,000,000.00 2,500,000.00 (the "Renewal Loan") as evidenced by a Renewal Revolving Credit Note dated effective June 30April 12, 2015 2007 (the "Renewal Note").

Appears in 1 contract

Samples: Loan Agreement (Deer Valley Corp)

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Loan Renewal. The Bank has renewed the Loan to Borrower in the amount of $3,000,000.00 (the “Renewal Loan”) 1,256,000.00, as evidenced by a Renewal Revolving Credit Term Commercial Note dated effective June 30, 2015 of even date herewith (the “Renewal Note”).

Appears in 1 contract

Samples: Loan Agreement (Deer Valley Corp)

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