Non-Revolving Facility Clause Samples

Non-Revolving Facility. The Facility is not revolving. No portion of the Loan that is prepaid under this Agreement may be reborrowed.

Non-Revolving Facility. The Loan will be a non-revolving facility and any principal of it that the Borrower repays will not be available for re-advance under this Agreement.

Non-Revolving Facility. Each Lender’s Loan Commitment shall terminate upon the Draw Termination Date.

Non-Revolving Facility. All repayments shall not be re-drawn, re-borrowed or exchanged.

Non-Revolving Facility. (a) Subject to and upon the terms and conditions of this Agreement, at any time from the date hereof through March 1, 2000 (the "Non-Revolving Availability Date"), Bank agrees to make advances (each a "Non-Revolving Advance" and collectively, the "Non-Revolving Advances") to Borrower in an aggregate outstanding amount not to exceed the Non-Revolving Committed Line. (b) Interest shall accrue from the date of each Non-Revolving Advance at the rate specified in Section 2.4(ii) and shall be payable monthly on the Payment Date for each month through the month in which the Non-Revolving Availability Date falls. Any Non-Revolving Advances that are outstanding on the Non-Revolving Availability Date will be payable in thirty-six (36) equal monthly installments of principal, plus all accrued interest, beginning on the Payment Date of each month following the Non-Revolving Availability Date and ending on the Non-Revolving Maturity Date. Non-Revolving Advances, once repaid, may not be reborrowed. (c) When Borrower desires to obtain a Non-Revolving Advance, Borrower shall notify Bank (which notice shall be irrevocable) by facsimile transmission to be received no later than 3:00 p.m. Pacific time one (1) Business Day before the day on which the Non-Revolving Advance is to be made. Such notice shall be substantially in the form of Exhibit B. The notice shall be signed by a Responsible Officer or its designee. 5. Section 2.3.1 entitled "Overadvances" is hereby amended and restated to read in its entirety as follows: Subject to the terms set forth in Section 2.1, if at any time or for any reason, the outstanding principal amount of Revolving Advances owed by Borrower to Bank pursuant to Section 2.1, is greater than the lesser of the Committed Line or the Borrowing Base, Borrower shall immediately pay to Bank, in cash, the amount of such excess.

Non-Revolving Facility. Notwithstanding anything to the contrary within the Credit Agreement, (a) no additional Advances will be made to the Borrowers, (b) no amount of the current outstanding Advances subsequently repaid or prepaid may be reborrowed and (c) no Letters of Credit will be issued.

Non-Revolving Facility. The Credit Facility is a non-revolving facility. The Borrower may, during the Availability Period, but not after, increase LIBOR Loans under the Credit Facility by obtaining Advances as provided for herein, but (subject to Section 6.1 and 6.2 and Article 10) may not make any repayments or prepayments until the Maturity Date and may not obtain Advances for any amounts repaid or prepaid pursuant to Sections 6.1 and 6.2 and Article 10.

Non-Revolving Facility. Lender's commitment to lend shall terminate upon the earlier to occur of (a) the date that the Maximum Aggregate Amount has been loaned by Lender, or (b) the Draw Termination Date.

Non-Revolving Facility. The Facility is non-revolving and after the Borrower’s repayment of any Loan and its accrued interests, the aggregate principal amount of the Facility available to the Borrower, which is thirty-five million US Dollars (US$35,000,000) as of the date of this Agreement, shall be deducted by the principal amount of the repaid Loan unless otherwise agreed by the Lender in writing.