Common use of Revolving Credit Loan Clause in Contracts

Revolving Credit Loan. This Mortgage is given to secure, among other things, a revolving credit loan and shall secure not only presently existing indebtedness under the Credit Agreement but also future advances, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent as if such future advances were made on the date of the execution of this Mortgage, although there may be no advance made at the time of execution of this Mortgage and although there may be no indebtedness hereby secured outstanding at the time any advance is made. The lien of this Mortgage shall be valid as to all indebtedness hereby secured, including future advances, from the time of its filing for record in the recorder's or registrar's office of the county in which the Mortgaged Premises are located. The total amount of indebtedness hereby secured may increase or decrease from time to time, but the total unpaid balance of indebtedness hereby secured (including disbursements which Mortgagee may make under this Mortgage, the Credit Agreement or any other documents related thereto) at any one time outstanding shall not exceed a maximum principal amount of One Hundred Million Dollars ($100,000,000) plus interest thereon and any disbursements made for payment of taxes, special assessments or insurance on the Mortgaged Premises and interest on such disbursements (all such indebtedness being hereinafter referred to as the "maximum amount secured hereby"). This Mortgage shall be valid and have priority over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the Mortgaged Premises, to the extent of the maximum amount secured hereby.

Revolving Credit Loan. This The Mortgage is given to secure, among other things, a revolving credit loan and shall secure not only presently existing indebtedness under the Credit Agreement but also future advances, whether such advances are obligatory or to be made at the option of Lenders, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent as if such future advances were made on the date of the execution of this Mortgagemortgage, although there may be no advance made at the time of execution of this Mortgage and although there may be no indebtedness hereby secured outstanding at the time any advance is made. The lien of this Mortgage shall be valid as to all indebtedness hereby secured, including future advances, from the time of its filing for record in the recorder's or registrar's office of the county in which the Mortgaged Premises are locatedrecord. The total amount of indebtedness hereby secured may increase or decrease from time to time, but the total unpaid balance of indebtedness hereby secured (including disbursements which Mortgagee may make under this Mortgage, the Credit Agreement Agreement, the Applications or any other documents related thereto) at any one time outstanding shall not exceed a maximum principal amount of One Two Hundred Million Dollars ($100,000,000200,000,000) plus interest thereon and any disbursements made for payment of taxes, special assessments or insurance on the Mortgaged Premises Vessels and interest on such disbursements disbursements, together with any fees, costs or expenses which may be payable hereunder (all such indebtedness being hereinafter referred to as the "maximum amount secured hereby"). This Mortgage shall be valid and have priority over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the Mortgaged Premises, to the extent of the maximum amount secured hereby.

Revolving Credit Loan. This Mortgage The Deed of Trust is given to secure, among other things, a revolving credit loan and shall secure not only presently existing indebtedness under the Credit Agreement but also future advances, whether such advances are obligatory or to be made at the option of Beneficiary, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent as if such future advances were made on the date of the execution of this Mortgagemortgage, although there may be no advance made at the time of execution of this Mortgage Deed of Trust and although there may be no indebtedness hereby secured outstanding at the time any advance is made. The lien of this Mortgage Deed of Trust shall be valid as to all indebtedness hereby secured, including future advances, from the time of its filing for record in the recorder's or registrar's office of the county in which the Mortgaged Premises are located. The total amount of indebtedness hereby secured may increase or decrease from time to time, but the total unpaid balance of indebtedness hereby secured (including disbursements which Mortgagee Beneficiary may make under this MortgageDeed of Trust, the Credit Agreement Agreement, the Applications or any other documents related thereto) at any one time outstanding shall not exceed a maximum principal amount of One Hundred Million _____________________ Dollars ($100,000,000____________) plus interest thereon and any disbursements made for payment of taxes, special assessments or insurance on the Mortgaged Premises and interest on such disbursements disbursements, together with any fees, costs or expenses which may be payable hereunder (all such indebtedness being hereinafter referred to as the "maximum amount secured hereby"). This Mortgage Deed of Trust shall be valid and have priority over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the Mortgaged Premises, to the extent of the maximum amount secured hereby.

Revolving Credit Loan. This Mortgage is given Upon the terms and subject to securethe conditions of, among other thingsand in reliance upon the representations and warranties made under, a revolving credit loan this Agreement, each Lender severally and shall secure not only presently existing indebtedness under the Credit Agreement but also future advancesjointly agrees to make Advances, or otherwise, as are made within twenty (20) years from the date hereofratably according to such Lender's Commitment Percentage, to the same extent as if such future advances were made on the date of the execution of this Mortgage, although there may be no advance made at the time of execution of this Mortgage and although there may be no indebtedness hereby secured outstanding at the time any advance is made. The lien of this Mortgage shall be valid as to all indebtedness hereby secured, including future advances, from the time of its filing for record in the recorder's or registrar's office of the county in which the Mortgaged Premises are located. The total amount of indebtedness hereby secured may increase or decrease Borrower from time to timetime from and after the Effective Date to the Termination Date, but as requested by the total unpaid balance Borrower in accordance with the terms of indebtedness hereby secured (including disbursements which Mortgagee may make under this MortgageSECTION 2.2, in such amounts as the Credit Agreement or any other documents related thereto) Borrower shall request, up to an aggregate principal amount at any one time outstanding equal to the result obtained by multiplying such Lender's Commitment Percentage by the Borrowing Base in effect at such time; PROVIDED, HOWEVER, that it is agreed that should such Advances made by any Lender exceed the maximum amount so determined or any other limitation set forth in this Agreement, such Advances shall not exceed a maximum nevertheless constitute Secured Obligations and, as such, shall be entitled to all benefits thereof and security therefor. Each Borrowing under the Revolving Credit Facility shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitment Percentages and each Borrowing comprised of (i) Base Rate Advances and requested pursuant to SECTION 2.2(A)(I) shall be in an aggregate amount of $100,000 or an integral multiple thereof or (ii) Eurodollar Rate Advances shall be in an aggregate amount of $3,000,000 or an integral multiple of $500,000 in excess thereof. Within the limits of each Lender's Commitment, the principal amount of One Hundred Million Dollars ($100,000,000) plus interest thereon and any disbursements made for payment of taxes, special assessments or insurance on the Mortgaged Premises and interest on such disbursements (all such indebtedness being hereinafter referred to as the "maximum amount secured hereby"). This Mortgage shall Advance which is repaid may be valid and have priority over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the Mortgaged Premises, reborrowed subject to the extent terms of this SECTION 2.1. The Agent's and each Lender's books and records reflecting the date and the amount of each Borrowing under the Revolving Credit Facility and each repayment of principal thereof shall constitute PRIMA FACIE evidence of the maximum amount secured herebyaccuracy of the information contained therein, subject to the provisions of SECTION 3.14.