Common use of Revolving Loan Commitment Clause in Contracts

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower set forth herein and in the other Loan Documents, the Lender agrees to make such Revolving Loans at such times as the Borrower may from time to time request until, but not including, the Maturity Date, and in such amounts as the Borrower may from time to time request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by the Lender may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Maturity Date unless the Revolving Loans are otherwise terminated or extended as provided in this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (Dynatronics Corp), Loan and Security Agreement (Flux Power Holdings, Inc.), Loan and Security Agreement (Polar Power, Inc.)

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Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan DocumentsAgreement, and in reliance upon the representations and warranties of the Borrower Company set forth herein and in the other Loan Documentsherein, the Lender agrees Institutional Buyers, severally (and not jointly), agree to make such Revolving Loans at such times as the Borrower Company may from time to time request until, but not including, the Maturity Revolving Loan Commitment Date, and in such amounts as the Borrower may from time to time request, ; provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any from time to time shall not exceed the Revolving Loan AvailabilityCommitment. Revolving Loans made by the Lender Institutional Buyers may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Maturity Revolving Loan Commitment Date unless the Revolving Loans are otherwise accelerated, terminated or extended as provided in this Agreement.

Appears in 3 contracts

Samples: Securities Purchase Agreement (GDBA Investments LLLP), Securities Purchase Agreement (BOCO Investments LLC), Securities Purchase Agreement (Across America Real Estate Corp)

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower Loan Parties set forth herein and in the other Loan Documents, the Lender agrees to make such Revolving Loans at such times as the Borrower Borrowers may from time to time request until, but not including, the Maturity Date, and in such amounts as the Borrower Borrowers may from time to time request, ; provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by the Lender may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Maturity Date unless the Revolving Loans are otherwise terminated or extended as provided in this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Starco Brands, Inc.)

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower set forth herein and in the other Loan Documents, the Lender Bank agrees to make such Revolving Loans at such times as the Borrower may from time to time request until, but not including, the Maturity Date, and in such amounts as the Borrower may from time to time request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by the Lender Bank may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Maturity Date unless the Revolving Loans are otherwise terminated or extended as provided in this Agreement. The Revolving Loans shall be used by the Borrower for working capital purposes.

Appears in 1 contract

Samples: Loan Agreement (Eloyalty Corp)

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Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower set forth herein and in the other Loan Documents, the Lender Bank agrees to make such Revolving Loans at such times as the Borrower may from time to time request until, but not including, the Maturity Date, and in such amounts as the Borrower may from time to time request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by the Lender Bank may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Maturity Date unless the Revolving Loans are otherwise terminated or extended as provided in this Agreement. The Revolving Loans shall be used by the Borrower for the purpose of working capital.

Appears in 1 contract

Samples: Loan Agreement (Hutchinson Technology Inc)

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