Common use of Revolving Loans and Revolving Credit Note Clause in Contracts

Revolving Loans and Revolving Credit Note. (a) Subject to the terms and conditions set forth herein, the Lender agrees to make Revolving Loans to the Borrower, from time to time during the Availability Period, in an aggregate principal amount outstanding at any time not to exceed the Revolving Commitment. During the Availability Period, the Borrower shall be entitled to borrow, prepay and reborrow Revolving Loans in accordance with the terms and conditions of this Agreement; provided, that the Borrower may not borrow or reborrow should there exist a Default or Event of Default.

Appears in 5 contracts

Samples: Revolving Credit Agreement (NBC Capital Corp), Revolving Credit Agreement (Greene County Bancshares Inc), Revolving Credit Agreement (Ameris Bancorp)

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Revolving Loans and Revolving Credit Note. (a) Subject to the terms and conditions set forth herein, the Lender agrees to make Revolving Loans to the Borrower, from time to time during the Availability Period, in an aggregate principal amount outstanding at any time not to exceed the Revolving Commitment. During the Availability Period, the Borrower shall be entitled to borrow, prepay and reborrow Revolving Loans in accordance with the terms and conditions of this Agreement; providedpro­vided, that the Borrower may not borrow or reborrow should there exist a Default or Event of Default.

Appears in 1 contract

Samples: Revolving Credit Agreement (FNB United Corp.)

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