Supplemental Credit Facility. Subject in all events to the terms, conditions and covenants contained in this Section 2.1 and Article IV of the Second Waiver Agreement and in the other Waiver Documents, and provided that there is no default, Default or Event of Default under any of the Loan Documents, the Bank agrees to make available to the Borrower a credit facility (the 'Supplemental Credit Facility') in the maximum aggregate amount of Two Million U.S. Dollars ($2,000,000) (the 'Supplemental Credit Facility Sub-Limit') until such time as the conditions specified in Section 2.1.3 hereof have been satisfied, at which time the maximum aggregate amount of the Supplemental Credit Facility shall be increased to Five Million U.S. Dollars ($5,000,000) (the 'Supplemental Credit Facility Limit'); provided however, that at no time shall the outstanding loans or advances under the Supplemental Credit Facility exceed Two Million U.S. Dollars ($2,000,000).
Supplemental Credit Facility. The outstanding principal balance of each loan or advance under the Supplemental Credit Facility (excluding fees for the issuance of Advance Payment Guarantees) shall accrue interest at the LIBOR Market Index Rate plus 325 basis points (3.25%), payable by the Borrower on the first day of each month in arrears and on the Supplemental Credit Facility Maturity Date.
Supplemental Credit Facility. Section 2.1 of the Credit Agreement is hereby amended by adding, at the end thereof, new Sections 2.1.1 through 2.1.10, as follows:
Supplemental Credit Facility. The indebtedness of Borrower under the Supplemental Credit Facility shall be evidenced by the Supplemental Credit Facility Note.'
Supplemental Credit Facility. The Supplemental Credit Facility shall be used solely for: (i) working capital and general corporate purposes of the Borrower, the U.S. Guarantors and the European Subsidiaries; or (ii) the issuance of advance payment guarantees for the benefit of the European Subsidiaries.'
Supplemental Credit Facility. Subject to, and upon the terms and conditions contained herein and in the other Financing Agreements, each of Lenders severally, but not jointly, agrees to lend to Borrowers and authorizes and appoints Agent to make Supplemental Loans to Borrowers, for the account of and as Agent for Lenders, from time to time in amounts requested by Borrowers up to the amount equal to: (a) the lesser of (i) the amount equal to the sum of: (A) seventy (70%) percent of the fair market value of the Eligible Real Property as set forth in the most recent appraisal of the Real Property received by Agent in form, scope and methodology acceptable to Agent and Lenders by an appraiser acceptable to Agent and Lenders addressed to Agent and on which Agent is expressly permitted to rely, plus (B) ten (10%) percent of the Value of the Eligible Inventory or (ii) the Supplemental Credit Facility Limit, MINUS (b) any reserves established pursuant to Section 3.7 hereof allocated by Agent to the Supplemental Credit Facility.
Supplemental Credit Facility. Subject in all events to the terms, conditions and covenants contained in this Section 2.1 and Article IV of the Second Waiver Agreement and in the other Waiver Documents, and provided that there is no default, Default or Event of Default under any of the Loan Documents, the Bank agrees to make available to the Borrower a credit facility (the "Supplemental Credit Facility") in the maximum aggregate amount of Two Million U.S. Dollars ($2,000,000) (the "Supplemental Credit Facility Sub-Limit"). At no time shall the maximum aggregate amount of the Supplemental Credit Facility exceed the Supplemental Credit Facility Sub-Limit.
Supplemental Credit Facility. Payment and satisfaction of all principal, accrued interest, fees and costs in connection with the Supplemental Credit Facility (including all Advance Payment Guarantees issued thereunder) shall be due on the Supplemental Credit Facility Maturity Date."
Supplemental Credit Facility. (a) Parent hereby agrees, on the terms and conditions hereinafter set forth, to make Supplemental Loans to Sunset from time to time during the period from the date hereof up to and including October 31, 2000 in an aggregate principal amount not to exceed at any time outstanding $25,000,000; PROVIDED that (i) Supplemental Loans made during the Initial Drawdown Period shall not exceed $10,000,000, (ii) Supplemental Loans made during the Second Drawdown Period shall not exceed $10,000,000 and (iii) Supplemental Loans made during the Third Drawdown Period shall not exceed $5,000,000, subject, in the case of each of clauses (i), (ii) and (iii), to Section 3.02. Each Supplemental Loan under this Section 2.01(a) shall be in an amount not less than $100,000 and shall be an integral multiple thereof.
Supplemental Credit Facility. (a) Promptly following its awareness of a failure to comply with Sections 6.11, 6.12 or 6.13, make a written request for a Supplemental Loan under Section 2.01(a) of the Supplemental Loan Agreement in an amount equal to the lesser of (i) the amount necessary to effect an Effected Cure with respect to such Section or (ii) the maximum amount of Supplemental Loans which are then available to be made under Section 2.01(a) of the Supplemental Loan Agreement, and concurrently provide a copy of such written request to the Managing Agent.
