Common use of Recitals; Maximum Line Commitment Clause in Contracts

Recitals; Maximum Line Commitment. The Borrower wishes to establish a revolving credit facility (the “Line of Credit”) with the Lenders in an aggregate principal amount at any one time outstanding not in excess of Twenty Million Dollars ($20,000,000) (the “Maximum Line Commitment”), to expire November 21, 2006 (the “Maturity Date”). The Lenders, severally in accordance with their respective Commitments set forth on Schedule 1.1, are willing to establish such Line of Credit, subject to the terms and conditions hereafter set forth.

Appears in 2 contracts

Samples: Revolving Credit Loan Agreement, Revolving Credit Loan Agreement (Harvard Bioscience Inc)

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Recitals; Maximum Line Commitment. The Borrower wishes to establish a revolving credit facility (the “Line of Credit”) with the Lenders in an aggregate principal amount at any one time outstanding not in excess of Twenty Million Dollars ($20,000,000) (the “Maximum Line Commitment”), to expire November 21December 1, 2006 2009 (the “Maturity Date”). The Lenders, severally in accordance with their respective Commitments set forth on Schedule 1.1, are willing to establish such Line of Credit, subject to the terms and conditions hereafter set forth.;” and

Appears in 1 contract

Samples: Second Amendment (Harvard Bioscience Inc)

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Recitals; Maximum Line Commitment. The Borrower wishes to establish a revolving credit facility (the “Line of CreditRevolving Credit Facility”) with the Lenders in an aggregate principal amount at any one time outstanding not in excess of Twenty Million Dollars ($20,000,000) (the “Maximum Line Commitment”), to expire November 21, 2006 (on the Maturity Date”)Date unless sooner terminated as provided herein. The Lenders, severally in accordance with their respective Commitments set forth on Schedule 1.1, are willing to establish such Line of CreditRevolving Credit Facility, subject to the terms and conditions hereafter set forth.

Appears in 1 contract

Samples: Revolving Credit Loan Agreement (Harvard Bioscience Inc)

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