Common use of Term of Revolving Credit Clause in Contracts

Term of Revolving Credit. The Revolving Credit is effective as of the date of this Agreement, and, unless the Revolving Credit is sooner terminated or extended as provided in this Agreement, shall continue in effect until July 1, 1997. Unless sooner extended or terminated, the Revolving Credit shall terminate on July 1, 1997, and thereafter the Borrower shall not be entitled to obtain any additional Revolving Credit Loans hereunder.

Appears in 2 contracts

Samples: Loan Agreement (Primeholdings Com Inc), Loan Agreement (Primeholdings Com Inc)

AutoNDA by SimpleDocs

Term of Revolving Credit. The Revolving Credit is becomes effective as of the date of this Agreement, and, unless the Revolving Credit is sooner terminated or extended as provided in this Loan Agreement, shall continue in effect until July 1June 29, 1997. Unless sooner extended or terminated1997 (the "Termination Date"), at which time the Revolving Credit shall terminate on July 1, 1997, and thereafter the Borrower shall not be entitled to obtain any additional Revolving Credit Loans hereunderterminate.

Appears in 1 contract

Samples: Loan Agreement (Papa Johns International Inc)

AutoNDA by SimpleDocs

Term of Revolving Credit. The Revolving Credit is effective as of the date of this Agreement, Agreement and, unless the Revolving Credit is sooner terminated or extended as provided in this Agreement, shall continue in effect until July 1January 31, 19971999. Unless sooner extended or terminated, the Revolving Credit shall terminate on July 1January 31, 19971999, and thereafter the Borrower shall not be entitled to obtain any additional Revolving Credit Loans hereunder. Section 3.01 of the Loan Agreement is amended as follows:

Appears in 1 contract

Samples: Loan Agreement (Primeholdings Com Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!