Common use of Term Commitment Clause in Contracts

Term Commitment. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 15, 1998, not to exceed the aggregate principal amount of One Million Two Hundred Thousand Dollars ($1,200,000.00) ("Term Commitment"), the proceeds of which shall be used for equipment purchases, and which shall be converted on July 16, 1998, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit B attached hereto ("Term Commitment Note"), all terms of which are incorporated herein by this reference.

Appears in 1 contract

Samples: Credit Agreement (Rotonics Manufacturing Inc/De)

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Term Commitment. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 15June 1, 19982000, not to exceed the aggregate principal amount of One Nine Million Two Hundred Thousand Dollars ($1,200,000.009,200,000.00) ("Term Commitment"), the proceeds of which shall be used for equipment purchasesto finance Borrower's general corporate purposes, and which shall be converted converted, at Borrower's request, on July 16June 1, 19982000, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit B A attached hereto ("Term Commitment Note"), all terms of which are incorporated herein by this reference.

Appears in 1 contract

Samples: Credit Agreement (Simpson Manufacturing Co Inc /Ca/)

Term Commitment. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 15August 1, 19981997, not to exceed the aggregate principal amount of One Million Two Five Hundred Thousand Dollars ($1,200,000.001,500,000.00) ("Term Commitment"), the proceeds of which shall be used for equipment purchasesworking capital requirements and to purchase new equipment, and which shall be converted on July 16August 1, 19981997, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit B C attached hereto ("Term Commitment Note"), ) all terms of which are incorporated herein by this reference.

Appears in 1 contract

Samples: Credit Agreement (Laser Power Corp/Fa)

Term Commitment. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 15November 5, 19982000, not to exceed the aggregate principal amount of One Ten Million Two Hundred Thousand Dollars ($1,200,000.0010,000,000.00) ("Term Commitment"), the proceeds of which shall be used to assist with the purchase of budgeted capital expenditures for equipment purchasesfiscal year 2000, and which shall be converted on July 16November 5, 19982000, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit B C attached hereto ("Term Commitment Note"), all terms of which are incorporated herein by this reference.

Appears in 1 contract

Samples: Credit Agreement (Carpenter W R North America Inc)

Term Commitment. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 15October 1, 19982001, not to exceed the aggregate principal amount of One Million Two Hundred Thousand Dollars ($1,200,000.00) ("Term Commitment"), the proceeds of which shall be used for equipment purchasesto finance Borrower's capital expenditures, and which shall be converted on July 16October 1, 19982001, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit B D attached hereto ("Term Commitment Note"), all terms of which are incorporated herein by this reference.

Appears in 1 contract

Samples: Credit Agreement (Rotonics Manufacturing Inc/De)

Term Commitment. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 15June 1, 1998, not to exceed the aggregate principal amount of One Four Million Two Hundred Thousand Dollars ($1,200,000.004,000,000.00) ("Term Commitment"), the proceeds of which shall be used for to finance equipment purchasespurchases and/or business acquisitions, and which shall be converted on July 16June 1, 1998, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit B attached hereto ("Term Commitment Note"), all terms of which are incorporated herein by this reference.

Appears in 1 contract

Samples: Credit Agreement (Simpson Manufacturing Co Inc /Ca/)

Term Commitment. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 15June 30, 19981997, not to exceed the aggregate principal amount of One Million Two Six Hundred Thousand Dollars ($1,200,000.00600,000.00) ("Term Commitment"), the proceeds of which shall be used for equipment purchasesto finance Borrower's purchase of equipment, and which shall be converted on July 161, 19981997, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit B attached hereto ("Term Commitment Note"), all terms of which are incorporated herein by this reference.

Appears in 1 contract

Samples: Credit Agreement (Chalone Wine Group LTD)

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Term Commitment. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 15December 30, 19981997, not to exceed the aggregate principal amount of One Three Million Two Hundred Thousand Dollars ($1,200,000.003,000,000.00) ("Term Commitment"), the proceeds of which shall be used for equipment purchasesto (a) finance capital expenditures and (b) refinance existing debt, and which shall be converted on July 16December 30, 19981997, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit B attached hereto ("Term Commitment Note"), all terms of which are incorporated herein by this reference.

Appears in 1 contract

Samples: Credit Agreement (Schlotzskys Inc)

Term Commitment. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 151, 19982000, not to exceed the aggregate principal amount of One Million Two Hundred Thousand Dollars ($1,200,000.00) ("Term Commitment"), the proceeds of which shall be used for equipment purchasesto finance Borrower's capital expenditures, and which shall be converted on July 16August 1, 19982000, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit B J attached hereto ("Term Commitment Note"), all terms of which are incorporated herein by this reference.

Appears in 1 contract

Samples: Credit Agreement (Rotonics Manufacturing Inc/De)

Term Commitment. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including July 151, 19982000, not to exceed the aggregate principal amount of One Million Two Hundred Thousand Dollars ($1,200,000.00) ("Term Commitment"), the proceeds of which shall be used for equipment purchasesto finance Borrower's capital expenditures, and which shall be converted on July 16August 1, 19982000, to a term loan, as described more fully below. Borrower's obligation to repay advances under the Term Commitment shall be evidenced by a promissory note substantially in the form of Exhibit B I attached hereto ("Term Commitment Note"), all terms of which are incorporated herein by this reference.

Appears in 1 contract

Samples: Credit Agreement (Rotonics Manufacturing Inc/De)

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