Maximum Unsecured Lines of Credit Sample Clauses

Maximum Unsecured Lines of Credit. Borrower shall not permit --------------------------------- total commitments (disbursed and undisbursed) with respect to Unsecured Indebtedness of Borrower, any Borrower Entity or any Joint Venture Entity under lines of credit to exceed the sum of (i) the Maximum Loan Amount, plus (ii) the total commitments (disbursed and undisbursed) made available to Borrower under any and all other lines of credit from time to time provided to Borrower, any Borrower Entity or any Joint Venture Entity by (A) Agent and the Banks, or (B) a group of lenders, consisting of BofA and one or more other lenders, for whom BofA serves as agent at the time such line of credit is first made available. Further, neither Borrower nor any Borrower Entity or Joint Venture Entity shall enter into any commitment for Unsecured Indebtedness under lines of credit other than under (x) this Agreement, and (y) any other lines of credit from time to time provided to Borrower, any Borrower Entity or any Joint Venture Entity by Agent and the Banks or by a group of lenders, consisting of BofA and one or more other lenders, for whom BofA serves as agent at the time such line of credit is first made available.
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Maximum Unsecured Lines of Credit. The Borrower shall not permit total commitments (disbursed and undisbursed) with respect to Unsecured Indebtedness under lines of credit to exceed Two Hundred Million Dollars ($200,000,000). Further, Borrower shall not enter into any commitment for Unsecured Indebtedness under lines of credit other than under this Agreement, the Prior Line of Credit and the existing line of credit established by Sanwa Bank (or other commercial bank on similar terms and conditions) in favor of the Borrower in the maximum principal amount of Thirty Million Dollars ($30,000,000).
Sample 1
Maximum Unsecured Lines of Credit. The Borrower shall not permit, --------------------------------- on a consolidated basis, total commitments (disbursed and undisbursed) with respect to Unsecured Indebtedness under lines of credit to exceed the sum of (i) the Commitment hereunder, plus (ii) Thirty-Five Million Dollars, plus (iii) the total commitments (disbursed and undisbursed) made available to the Borrower under any and all other lines of credit from time to time provided to the Borrower by (A) the Bank or (B) a group of lenders, consisting of the Bank and one or more other lenders, for whom the Bank serves as agent at the time such line of credit is first made available. Further, the Borrower (on a consolidated basis) shall not enter into any commitment for Unsecured Indebtedness under lines of credit other than under (x) this Agreement, (y) any other lines of credit from time to time provided to the Borrower by the Bank or by a group of lenders, consisting of the Bank and one or more other lenders, for whom the Bank serves as agent at the time such line of credit is first made available, and (z) the existing line of credit established by Sanwa Bank in favor of the Borrower in the maximum principal amount of Thirty-Five Million Dollars ($35,000,000).
Sample 1
Maximum Unsecured Lines of Credit. The Borrower shall not permit total commitments (disbursed and undisbursed) with respect to Unsecured Indebtedness under lines of credit to exceed One Hundred Fifty Million Dollars ($150,000,000), plus the total commitments (disbursed and undisbursed) made available to the Borrower under any and all other lines of credit from time to time provided to the Borrower by (i) the Bank or (ii) a group of lenders, consisting of the Bank and one or more other lenders, for whom the Bank serves as agent at the time such line of credit is first made available. Further, the Borrower shall not enter into any commitment for Unsecured Indebtedness under lines of credit other than under (x) this Agreement, (y) any other lines of credit from time to time provided to the Borrower by the Bank or by a group of lenders, consisting of the Bank and one or more other lenders, for whom the Bank serves as agent at the time such line of credit is first made available, and (z) the existing line of credit established by Sanwa Bank in favor of the Borrower in the maximum principal amount of Thirty-Five Million Dollars ($35,000,000).
Sample 1

Related to Maximum Unsecured Lines of Credit

  • Line of Credit Amount (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Twelve Million Dollars ($12,000,000).

  • Revolving Line of Credit (a) From and after the date of this Agreement to and including May 31, 2003, the Bank agrees, upon the terms and subject to the conditions of this Agreement, to lend to the Borrowers, and the Borrowers may from time to time borrow from the Bank and repay and reborrow, up to a maximum aggregate principal amount at any one time outstanding under the Revolving Line of Credit Note of $5,000,000. In no event will Advances be made at such times or in such amounts that the aggregate principal amount of all such Advances hereunder at any one time outstanding would exceed the lesser of $5,000,000 and (i) 80% of the then Eligible Accounts, plus (ii) 50% of the then Eligible Inventory. Each Advance under this Agreement will be made upon the written request or, at the option of the Bank, oral request, of the Borrowers to the Bank, which request shall, if written, be in the form of a Request for an Advance and, if oral, shall contain the same certification and information as a Request for an Advance and shall be confirmed by a facsimile of a Request for an Advance followed by the original thereof. All requests for Advances (and the facsimile concerning any oral Request for an Advance) shall be received by the Bank no later than 12:00 noon of the Business Day on which the Advance is to be made. To induce the Bank to accept oral requests for Advances, the Borrowers agree that the Bank may rely on instructions given by telephone by any person purporting to be authorized to act on behalf of the Borrowers , and the Borrowers agree to indemnify and hold harmless the Bank against all damages, losses, costs and expenses (including attorney's fees) arising out of or relating to the reliance by the Bank on any oral request for Advances. Provided the same is a Business Day, on the date of the requested Advance, upon satisfaction of the conditions specified in Article 5, the Bank shall make the amount of the Advance available to the Borrowers by crediting the proceeds thereof to the general deposit account in the name of one or more of the Borrowers, as designated in writing by certificate signed by all of the Borrowers, in the Bank. If the date of the requested Advance is not a Business Day, the Advance shall be made on the first Business Day thereafter, upon the satisfaction of the conditions specified in Article 5. No Advance shall be in an amount less than $1,000. Not more than one request for an Advance shall be made on any day.

  • of Credit Agreement Section 1.1(b)(i) of the Credit Agreement is hereby amended and restated in its entirety to read as follows:

  • Line of Credit Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

  • Letter of Credit Accommodations (a) Subject to and upon the terms and conditions contained herein, at the request of Borrower, Lender agrees to provide or arrange for Letter of Credit Accommodations for the account of Borrower containing terms and conditions acceptable to Lender and the issuer thereof. Any payments made by Lender to any issuer thereof and/or related parties in connection with the Letter of Credit Accommodations shall constitute additional Revolving Loans to Borrower pursuant to this Section 2.

  • Amendment of Credit Agreement The Credit Agreement is hereby amended as follows:

  • Termination of Credit Facility The Credit Facility shall terminate on the earliest of (a) the third anniversary of the Closing Date (the "Maturity Date"), (b) the date of termination by the Borrower pursuant to Section 2.5(a) and (c) the date of termination by the Administrative Agent on behalf of the Lenders pursuant to Section 10.2(a).

  • MODIFICATION OF CREDIT AGREEMENT The Credit Agreement is hereby amended as follows:

  • The Line of Credit On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrowers from time to time from the date hereof to the Expiration Date, provided the aggregate amount of such Advances outstanding at any time does not exceed $40,000,000.00 (the “Line of Credit”). Within the foregoing limits, the Borrowers may borrow, partially or wholly prepay, and reborrow under this Section 2.1. Proceeds of the Line of Credit shall be used to assist with seasonal working capital needs and acquisitions.

  • Credit Line Subject to the terms and conditions set forth in this Agreement, on and after the Closing Date to but not including the date that is the earlier of (x) the date on which this Agreement is terminated pursuant to Section 10. and (y) the date on which IBM Credit terminates the Credit Line pursuant to Section 9., IBM Credit agrees to extend to the Customer a credit line ("Credit Line") in the amount set forth the Attachment A pursuant to which IBM Credit will make to the Customer, from time to time, Advances in an aggregate amount at any one time outstanding not to exceed the Maximum Advance Amount. Notwithstanding any other term or provision of this Agreement, IBM Credit may, at any time and from time to time, in its sole discretion (x) temporarily increase the amount of the Credit Line above the amount set forth in Attachment A and decrease the amount of the Credit Line back to the amount of the Credit Line set forth in Attachment A, in each case upon written notice to the Customer and (y) make Advances pursuant to this Agreement upon the request of Customer in an aggregate amount at any one time outstanding in excess of the Credit Line.

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