Common use of REVOLVING CREDIT AMOUNT Clause in Contracts

REVOLVING CREDIT AMOUNT. The maximum amount of Revolving Loans which Lender, in its discretion, will make available to Borrower (such amount, as adjusted from time to time, is herein called the "Revolving Credit Amount") is $11,500,000; provided, that at all times after May 21, 1997 the Revolving Credit Amount shall be $9,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Rainbow Rentals Inc)

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REVOLVING CREDIT AMOUNT. The maximum amount of Revolving Loans which Lender, in its discretion, will make available to Borrower (such amount, as adjusted from time to time, is herein called the "Revolving Credit Amount") is $11,500,00010,000,000; provided, that at all times after May 2131, 1997 1996 the Revolving Credit Amount shall be $9,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Rainbow Rentals Inc)

REVOLVING CREDIT AMOUNT. The maximum amount of Revolving Loans which Lender, in its discretion, will make available to Borrower (such amount, as adjusted from time to time, is herein called the "Revolving Credit Amount") is $11,500,0007,500,000; provided, that at all times after May 21so long as no Event of Default then exists, 1997 the Revolving Credit Amount shall be increase to $9,000,0008,000,000 on June 30, 1994 and to $8,250,000 on December 1, 1994.

Appears in 1 contract

Samples: Loan and Security Agreement (Rainbow Rentals Inc)

REVOLVING CREDIT AMOUNT. The maximum amount of Revolving Loans which Lender, in its discretion, will make available to Borrower (such amount, as adjusted from time to time, is herein called the "Revolving Credit Amount") is $11,500,0006,200,000; provided, that at all times after May 21, 1997 the Revolving Credit Amount shall be reduce to $9,000,0004,916,000 on May 1, 1994 and thereafter shall further reduce by $83,333 on June 1, 1994 and on the first day of each month thereafter until reduced to zero.

Appears in 1 contract

Samples: Loan and Security Agreement (Rainbow Rentals Inc)

REVOLVING CREDIT AMOUNT. The maximum amount of Revolving Loans which Lender, in its discretion, will make available to Borrower (such amount, as adjusted from time to time, is herein called the "Revolving Credit Amount") is $11,500,000; provided, that at all times after May 21, 1997 the Revolving Credit Amount shall be $9,000,00014,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Rainbow Rentals Inc)

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REVOLVING CREDIT AMOUNT. The maximum amount of Revolving Loans which Lender, in its discretion, will make available to Borrower (such amount, as adjusted from time to time, is herein called the "Revolving Credit Amount") is $11,500,0006,200,000; provided, that at all times after May 21, 1997 the Revolving Credit Amount shall be reduce to $9,000,0004,916,000 on April 1, 1994 and thereafter shall further reduce by $83,333 on May 1, 1994 and on the first day of each month thereafter until reduced to zero.

Appears in 1 contract

Samples: Loan and Security Agreement (Rainbow Rentals Inc)

REVOLVING CREDIT AMOUNT. The maximum amount of Revolving Loans which Lender, in its discretion, will make available to Borrower (such amount, as adjusted from time to time, is herein called the "Revolving Credit Amount") is $11,500,000; provided, that at all times after May 21, 1997 the Revolving Credit Amount shall be $9,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Rainbow Rentals Inc)

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