Common use of Revolving Line Commitment Clause in Contracts

Revolving Line Commitment. Subject to the terms and conditions of this Amendment, Lender agrees to extend its Commitment as to the Revolving Line to November 29, 2013; and in furtherance hereof: (i) Section 1.72 (Termination Date) is hereby amended to replace the date “November 30, 2012” to now read “November 29, 2013”; and (ii) Borrower shall execute and deliver to Lender the $7,000,000 Promissory Note (“Renewal Line Note”) in form and content as set forth on EXHIBIT A hereto, which evidences an extension, renewal and modification, but not a novation or payment, of the Existing Line Note.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Addvantage Technologies Group Inc), Revolving Credit and Term Loan Agreement (Addvantage Technologies Group Inc)

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Revolving Line Commitment. Subject to the terms and conditions of this Amendment, Lender agrees to extend its Commitment as to the Revolving Line to November 29March 31, 20132017; and in furtherance hereof: (i) Section 1.72 (Termination Date) is hereby amended to replace the date “November 3027, 20122015” to now read “November 29March 31, 20132017”; and (ii) Borrower shall execute and deliver to Lender the $7,000,000 Promissory Note (“Renewal Line Note”) ), in form and content as set forth on EXHIBIT A hereto, which evidences an extension, renewal and modification, but not a novation or payment, of the Existing Line Note.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Addvantage Technologies Group Inc)

Revolving Line Commitment. Subject to the terms and conditions of this Amendment, Lender agrees to extend its Commitment as to the Revolving Line to November 2927, 20132015; and in furtherance hereof: (i) Section 1.72 (Termination Date) is hereby amended to replace the date “November 3028, 20122014” to now read “November 2927, 20132015”; and (ii) Borrower shall execute and deliver to Lender the $7,000,000 Promissory Note (“Renewal Line Note”) ), in form and content as set forth on EXHIBIT A hereto, which evidences an extension, renewal and modification, but not a novation or payment, of the Existing Line Note.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Addvantage Technologies Group Inc)

Revolving Line Commitment. Subject to the terms and conditions of this Amendment, Lender agrees to extend its Commitment as to the Revolving Line to November 29March 30, 20132018; and in furtherance hereof: (i) Section 1.72 (Termination Date) is hereby amended to replace the date “November 30March 31, 20122017” to now read “November 29March 30, 20132018”; and (ii) Borrower shall execute and deliver to Lender the a $7,000,000 Promissory Note (“Renewal Line Note”) ), in form and content as set forth on EXHIBIT A heretosatisfactory to Lender, which evidences an extension, renewal and modification, but not a novation or payment, of the Existing Line Note. Section 1. 37 (Leverage Ratio) is amended to read as follows:

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Addvantage Technologies Group Inc)

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Revolving Line Commitment. Subject to the terms and conditions of this Amendment, Lender agrees to extend its Commitment as to the Revolving Line to November 2928, 20132014; and in furtherance hereof: (i) Section 1.72 (Termination Date) is hereby amended to replace the date “November 3029, 20122013” to now read “November 2928, 20132014”; and (ii) Borrower shall execute and deliver to Lender the $7,000,000 Promissory Note (“Renewal Line Note”) ), in form and content as set forth on EXHIBIT A hereto, which evidences an extension, renewal and modification, but not a novation or payment, of the Existing Line Note.

Appears in 1 contract

Samples: Revolving Credit and Term Loan Agreement (Addvantage Technologies Group Inc)

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