Common use of Supplemental Credit Facility Clause in Contracts

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. 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 Four Million U.S. Dollars ($5,000,0004,000,000) (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).