Revolving Credit Loan Commitment. Subject to the terms and conditions and relying upon the representations and warranties set forth in this Agreement, Lender agrees to lend hereunder to Borrower on any one or more Business Days during the Commitment Period, for the purpose of providing working capital and for general corporate purposes, amounts which shall not at anytime exceed in the principal sum of $5,000,000.00 less the aggregate unpaid principal amount of all Loans, and the aggregate amount of all Letters of Credit issued by Lender pursuant to this Agreement, which are outstanding on the Business Day on which such borrowing is to be made.
Revolving Credit Loan Commitment. The Revolving Credit Lenders’ several commitments to make Revolving Credit Loans to the Borrower subject to the terms and conditions hereof, in the maximum outstanding principal amount of $3,300,000, subject to the limitations herein contained, as the same may be reduced from time to time, or if such commitment is terminated pursuant to the provisions hereof, zero.
Revolving Credit Loan Commitment. Subject to the terms and conditions of this Loan Agreement, Lenders agree to extend to the Company, from the date hereof through the Termination Date (the "Revolving Credit Period"), the Revolving Credit Commitment. In computing the outstanding balance (and, therefore, the available credit), Lenders shall include as outstanding the aggregate face amount of all outstanding Letters of Credit, which shall not at any time exceed $7,500,000.
(i) The Company shall have the right, on three (3) Business Days' prior written notice to Administrative Agent, to permanently reduce the unutilized or, by prepayment with written notice to Administrative Agent of permanent reduction, outstanding portion of the Revolving Credit Commitments; provided that any partial reduction shall be in the minimum amount of $1,000,000 or in any larger multiple of $100,000.
(ii) Within the limits of this Section 2.01, but only during the Revolving Credit Period, the Company may borrow, prepay pursuant to Section 4.04 and reborrow under this Section 2.01. Each advance made by Lenders is herein called an "Advance"; all Advances made by Lenders hereunder are herein collectively called the "Advances" or the "
Revolving Credit Loan Commitment. The Bank agrees, subject to the terms and conditions of this Agreement, to make Revolving Credit Loans to the Company on a revolving basis in such amount as the Company requests pursuant to Section 2.3, from time to time, from and including the Effective Date, to but excluding the Termination Date, in an amount not to exceed the Revolving Credit Commitment Amount.
Revolving Credit Loan Commitment. Lender hereby establishes a “Revolving Credit Loan Commitment” (also referred to as the “Revolving Credit Loan”) pursuant to which, until Maturity, and subject to the terms and conditions hereof, Lender agrees to make, from time to time, revolving credit loan advances (“Revolving Advances”) to Borrower, in accordance with the borrowing procedure below for the purposes hereinafter set forth; provided, however, that the sum of the aggregate amount of outstanding Revolving Credit Loan Advances plus the aggregate amount of LOC Obligations shall not at any one time exceed the “Revolving Credit Loan Committed Amount”. The Revolving Credit Loan Committed Amount shall be the sum of Six Million Dollars ($6,000,000.00) from the date hereof through the last day of May, 2004, and thereafter shall be reduced by the sum of Three Hundred Thousand Dollars ($300,000.00) as of June 1, 2004 and as of the first (1st) day of each successive third (3rd) month thereafter; provided, however, that the Revolving Credit Loan Committed Amount may be increased or such reductions may be modified or suspended at any time, and from time to time hereafter by up to 85% of forced liquidation value of the Collateral, based upon an updated appraisal of the Collateral subject to approval by Lender. Amounts borrowed hereunder and repaid may be reborrowed as provided herein, it being agreed and understood this is a revolving loan facility.
Revolving Credit Loan Commitment. Subject to the terms and conditions of this Agreement, the Bank will make a revolving credit facility (the “Revolving Credit Loan Commitment”) available to the Borrower, pursuant to which the Bank may from time to time make revolving credit advances (each, a “Revolving Credit Loan”) to the Borrower. The aggregate amount of advances outstanding under the Revolving Credit Loan Commitment shall at no time exceed the sum of $12,000,000.00 (the “Revolving Credit Loan Commitment Amount”). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement. The Revolving Credit Loan Commitment shall terminate on August 31, 2007 (the “Revolving Credit Loan Maturity Date”). The proceeds of Revolving Credit Loans shall be disbursed by deposit to the Borrower’s account maintained at the Bank or otherwise in accordance with the written instructions of the Borrower or the other provisions of this Agreement. Revolving Credit Loans shall be used by the Borrower solely for the acquisition of Finetre Corporation and working capital purposes.
Revolving Credit Loan Commitment. 3636364 of the aggregate Revolving Credit Loan Commitments of all Lenders Term Loan Commitment: .3636364 of the aggregate Term Loan Commitments of all Lenders EUROPEAN AMERICAN BANK Revolving Credit Loan Commitment: .1818182 of the aggregate Revolving Credit Loan Commitments of all Lenders Term Loan Commitment: .1818182 of the aggregate Term Loan Commitments of all Lenders EXHIBIT 1.1(a)(i)
Revolving Credit Loan Commitment. Lender agrees to disburse to Borrower from time to time after the date of Closing, subject to and in accordance with the terms and conditions of this Agreement, an aggregate principal amount not to exceed at any one time outstanding the lesser of $2,900,000.00 or the amount which is prescribed by the Section of this Agreement entitled “Limitation of Commitment.” Within such limits, Borrower may borrow, repay and reborrow. All Advances by Lender to Borrower of the Revolving Credit Loan shall be evidenced by the “Revolving Credit Note” delivered in conjunction with the Closing. Anything to the contrary contained in this Article or this Agreement or the other Loan Documents to the contrary notwithstanding, Borrower shall not be entitled to obtain and Lender shall not be required to make any Advance of the Revolving Credit Loan at any time at which there exists a Default Condition or Event of Default under this Agreement.
Revolving Credit Loan Commitment. Subject to the terms and conditions and relying upon the representations and warranties set forth in this Agreement, Lender agrees to lend hereunder to Borrowers on any one or more Business Days during the Commitment Period, for the purpose of making acquisitions, providing working capital and for general corporate purposes, amounts which shall not at anytime exceed in the principal sum of $50,000,000.00 less Total Outstandings as of the Business Day on which such borrowing is to be made. To the extent the Total Outstandings shall at anytime exceed the amount permitted above, payment in an amount necessary to reduce the unpaid principal balance of the Note to the lesser of the amount permitted under this Section, shall be made within two (2) Business Days. During the Commitment Period, Borrowers may use the Revolving Credit Loan by borrowing, prepaying as herein provided, and reborrowing; provided, however, Borrowers must be in full compliance with all of the terms of the Loan Documents at the time of and as a prerequisite to any Loan. Lender's records shall serve as presumptive evidence of any and all amounts outstanding under the Revolving Credit Loan.
Revolving Credit Loan Commitment. Lender agrees, subject to the terms and conditions of this Agreement, to make Revolving Credit Loans to Borrower from time to time during the period commencing with the Closing Date and ending on the Revolving Loan Termination Date, and for so long as there exists no Default or Event of Default, up to an aggregate principal amount at any one time outstanding not to exceed the lesser of (i) Five Million and 00/100 Dollars ($5,000,000.00), as the same may be reduced from time to time in accordance with the terms of this Agreement (the “Revolving Credit Loan Commitment”) and (ii) the Borrowing Base. All Advances of the Revolving Credit Loan shall be evidenced by, and subject to the terms of, the Revolving Credit Loan Note. Borrower may use the Revolving Credit Loan Commitment by borrowing, repaying and reborrowing, all in accordance with the terms and conditions hereof.
