Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, and reborrow.
Appears in 7 contracts
Samples: Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Professional Veterinary Products LTD /Ne/), Credit and Security Agreement (Pure Earth, Inc.)
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.102.12, and reborrow.
Appears in 3 contracts
Samples: Credit and Security Agreement (Rf Monolithics Inc /De/), Credit and Security Agreement (Gardenburger Inc), Credit and Security Agreement (Provena Foods Inc)
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.102.9, and reborrow.
Appears in 2 contracts
Samples: Credit and Security Agreement (Christopher & Banks Corp), Credit and Security Agreement (Christopher & Banks Corp)
Revolving Advances. The Lender agreesmay, subject to the terms and conditions of this Agreementin its sole discretion, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in 4.1 Sections 3.1, 3.2, and 3.3 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of Date, on the Maximum Line Amountterms and subject to the conditions herein set forth (the "Revolving Advances"). The Lender shall have no obligation to make not consider any request for a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1II, the Borrower may borrowrequest Revolving Advances, prepay repay pursuant to Section 2.10, II hereof and reborrowrequest additional Revolving Advances.
Appears in 2 contracts
Samples: Credit Agreement (GS Cleantech Corp), Credit Agreement (GS Energy CORP)
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount“Revolving Advances”). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, 2.16 and reborrow.
Appears in 2 contracts
Samples: Credit and Security Agreement and Waiver of Defaults (Corsair Components, Inc.), Credit and Security Agreement (Bionova Holding Corp)
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date (the "Revolving Advances") in an aggregate principal amount at any time outstanding not in excess of to exceed the Maximum Line AmountAvailability. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.102.12, and reborrow.
Appears in 2 contracts
Samples: And Security Agreement (Hc2 Holdings, Inc.), Credit and Security Agreement (Schuff International Inc)
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount“Revolving Advances”). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, 2.12 and reborrow.
Appears in 2 contracts
Samples: Credit and Security Agreement (Digital Angel Corp), Credit and Security Agreement (Digital Angel Corp)
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount"Revolving Advances"). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, 2.11 and reborrow.
Appears in 2 contracts
Samples: Credit and Security Agreement (Pro Dex Inc), Credit and Security Agreement (Pro Dex Inc)
Revolving Advances. The Lender agreesmay, in its sole discretion, subject to the terms and conditions of this Agreement, to make advances (“"Revolving Advances”") to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make not consider any request for a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and Note, shall be secured by the CollateralCollateral and shall be payable ON DEMAND. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, request Revolving Advances and reborrowrequest additional Revolving Advances.
Appears in 2 contracts
Samples: Credit and Security Agreement (CPS Technologies Corp/De/), Credit and Security Agreement by And (CPS Technologies Corp/De/)
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“"Revolving Advances”") to the Borrower Borrowers from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s Borrowers' obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower Borrowers may borrow, prepay pursuant to Section 2.10, and reborrow.
Appears in 2 contracts
Samples: Credit and Security Agreement (Misonix Inc), Credit and Security Agreement (Misonix Inc)
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note Notes and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.102.7, and reborrow.
Appears in 1 contract
Revolving Advances. (a) The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower Borrowers from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “Funding Date”) to and until (but not including) the -13 Termination Date Date, in an amount not in excess of the Maximum Line AmountBorrowing Base. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s Borrowers’ obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower Borrowers may borrow, prepay pursuant to Section 2.102.7, and reborrow.
Appears in 1 contract
Samples: Loan and Security Agreement (Vein Associates of America Inc)
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower Borrowers from time to time from the date that all of the conditions set forth in 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s Borrowers’ joint and several obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth Collateral as provided in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, Article III and reborrow.the
Appears in 1 contract
Samples: Credit and Security Agreement by And (Miscor Group, Ltd.)
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower Borrowers from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount"Revolving Advances"). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s Borrowers' obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.12.2, the Borrower Borrowers may borrow, prepay pursuant to Section 2.10, 2.15 and reborrow.
Appears in 1 contract
Samples: Credit and Security Agreement (Leather Factory Inc)
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“"Revolving Advances”") to the Borrower Borrowers from time to time from the date that all of the conditions set forth in 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s Borrowers' obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower Borrowers may borrow, prepay pursuant to Section 2.102.9, and reborrow.
Appears in 1 contract
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount"Revolving Advances"). The Lender shall have no obligation to make a Revolving Advance if, after giving effect to such requested Revolving Advance, the extent that the amount sum of the requested outstanding and unpaid Revolving Advance exceeds AvailabilityAdvances would exceed the Borrowing Base. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the CollateralCollateral as provided in Article III. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, and reborrow.2.11
Appears in 1 contract
Samples: Credit and Security Agreement (Organic Food Products Inc)
Revolving Advances. The Lender agreesmay, subject to the terms and conditions of this Agreementin its sole discretion, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of Date, on the Maximum Line Amountterms and subject to the conditions herein set forth (the "Revolving Advances"). The Lender shall have no obligation to make not consider any request for a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrowrequest Revolving Advances, prepay pursuant to Section 2.10, 2.15 and reborrowrequest additional Revolving Advances.
Appears in 1 contract
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in 4.1 Article IV are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.102.13, and reborrow.
Appears in 1 contract
Samples: Credit and Security Agreement (Boots & Coots International Well Control Inc)
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.102.9, and reborrow.
Appears in 1 contract
Revolving Advances. The Lender agreesmay, subject to the terms and conditions of this Agreementin its sole discretion, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in 4.1 Sections 3.1, 3.2, and 3.3 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of Date, on the Maximum Line Amountterms and subject to the conditions herein set forth (the "Revolving Advances"). The Lender shall have no obligation to make not consider any request for a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1II, the Borrower may borrowrequest Revolving Advances, prepay repay pursuant to Section 2.10, II hereof and reborrowrequest additional Revolving Advances.
Appears in 1 contract
Samples: Credit Agreement (Ecosystem Corp)
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date (the “Revolving Advances”) in an aggregate principal amount at any time outstanding not in excess of to exceed the Maximum Line AmountAvailability. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.102.12, and reborrow.
Appears in 1 contract
Samples: Security Agreement and Fixture Filing (HC2 Holdings, Inc.)
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount"Revolving Advances"). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, and reborrow.2.12
Appears in 1 contract
Samples: Credit and Security Agreement (Metretek Technologies Inc)
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower Borrowers from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount"Revolving Advances"). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s Borrowers' obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower Borrowers may borrow, prepay pursuant to Section 2.10, 2.16 and reborrow.
Appears in 1 contract
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount"Revolving Advances"). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, 2.14 and reborrow.
Appears in 1 contract
Samples: Credit and Security Agreement (Ag Bag International LTD)
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“"Revolving Advances”") to the each Borrower from time to time from the date that all of the conditions set forth in SECTION 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Maturity Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s Borrowers' obligation to pay the Revolving Advances shall be evidenced by the Revolving Note Note, shall be joint and several and shall be secured by the Collateral. Within the limits set forth in this Section SECTION 2.1, the Borrower Borrowers may borrow, prepay pursuant to Section 2.10SECTION 2.11, and reborrow.
Appears in 1 contract
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount"Revolving Advances"). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, and reborrow.2.16
Appears in 1 contract
Samples: Credit and Security Agreement (International Displayworks Inc)
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount“Revolving Advances”). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds the Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, 2.16 and reborrow.
Appears in 1 contract
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount“Revolving Advances”). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, 2.13 and reborrow.
Appears in 1 contract
Revolving Advances. The Lender agreesmay, subject to the terms and conditions of this Agreementin its sole discretion, to make advances (“each a "Revolving Advances”Advance") to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of Date, on the Maximum Line Amountterms and subject to the conditions herein set forth, to provide the Borrower with working capital to fulfill Export Orders. The Lender shall have no obligation to make not consider any request for a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrowrequest Revolving Advances, prepay pursuant to Section 2.10prepay, and reborrowrequest additional Revolving Advances.
Appears in 1 contract
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“"Revolving Advances”") to the Borrower from time to time from the date that all of the conditions set forth in 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, and reborrow.
Appears in 1 contract
Samples: Credit and Security Agreement (Interpharm Holdings Inc)
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“"Revolving Advances”") to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, and reborrow.
Appears in 1 contract
Samples: Credit and Security Agreement (Seaway Valley Capital Corp)
Revolving Advances. The Lender Bank agrees, subject to the terms and conditions of this Agreement, to make advances (“"Revolving Advances”") to the Borrower from time to time from the date that all of the conditions set forth in 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender Bank shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availabilitythe Maximum Line Amount. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1the Revolving Note, the Borrower may borrow, prepay pursuant to Section 2.10the Revolving Note, and reborrow.
Appears in 1 contract
Revolving Advances. The Lender agrees, on the terms and subject to the terms and conditions of this Agreementherein set forth, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in Section 4.1 are satisfied (the “"Funding Date”") to and until (but not including) the Termination Date in an amount not in excess of (the Maximum Line Amount"Revolving Advances"). The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s 's obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower may borrow, prepay pursuant to Section 2.10, and reborrow.2.14
Appears in 1 contract
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower Borrowers from time to time from the date that all of the conditions set forth in 4.1 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Each Borrower’s joint and several obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.1, the Borrower Borrowers may borrow, prepay pursuant to Section 2.102.9, and reborrow.
Appears in 1 contract
Samples: Credit and Security Agreement (Orion Energy Systems, Inc.)
Revolving Advances. The Lender agrees, subject to the terms and conditions of this Agreement, to make advances (“Revolving Advances”) to the Borrower from time to time from the date that all of the conditions set forth in 4.1 0 are satisfied (the “Funding Date”) to and until (but not including) the Termination Date in an amount not in excess of the Maximum Line Amount. The Lender shall have no obligation to make a Revolving Advance to the extent that the amount of the requested Revolving Advance exceeds Availability. The Borrower’s obligation to pay the Revolving Advances shall be evidenced by the Revolving Note and shall be secured by the Collateral. Within the limits set forth in this Section 2.10, the Borrower may borrow, prepay pursuant to Section 2.100, and reborrow.
Appears in 1 contract