Common use of The Revolving Loan Commitment Clause in Contracts

The Revolving Loan Commitment. Subject to the terms and conditions of this Agreement, Bank agrees to extend credit to Borrowers during the period from the date hereof until the Termination Date by (a) making Revolving Loans to Borrowers from time to time, and (b) issuing irrevocable standby and commercial letters of credit (said irrevocable standby and commercial letters of credit being referred to herein as the "Letters of Credit") for the account of Borrowers or either one of them; provided, however, that (1) at no time shall the sum of (i) the aggregate principal amount of Revolving Loans to Borrowers at such time outstanding, plus (ii) the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers at such time outstanding (said sum, at any time, being hereinafter referred to as the "Bank's Current Revolving Loan Commitment Exposure"), exceed the Borrowing Base Amount then in effect, and (2) at no time shall the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers (or for the account of either of them) at such time outstanding exceed the amount of $500,000.00. In the event, at any time, and from time to time, the Bank's Current Revolving Loan Commitment Exposure exceeds the Borrowing Base Amount then in effect, Borrowers shall immediately prepay the Revolving Loans by such an amount to cause the Bank's Current Revolving Loan Commitment Exposure to equal the Borrowing Base Amount (or, at the option of Bank, Borrowers may post cash collateral or other collateral acceptable to Bank in its sole discretion to secure such deficiency in the Borrowing Base Amount). Within the limits set forth herein, Borrowers may borrow from Bank hereunder, repay any and all such Revolving Loans as hereinafter provided and reborrow hereunder. Borrowers' obligation to repay the Revolving Loans made by Bank shall be evidenced by a master promissory note made by Borrowers as co-makers (the "Revolving Note") payable to the order of Bank in the principal sum of $7,500,000.00, dated the date of this Agreement, with a final maturity of December 27, 2003, and bearing interest at the Base Rate plus the Applicable Margin from time to time in effect. The Borrowers shall be solidarily liable for all Revolving Loans, Letters of Credit (and reimbursement obligations arising thereunder) and other obligations to Bank arising pursuant to this Agreement or the Revolving Note.

The Revolving Loan Commitment. Subject to the terms and conditions of this Agreementhereof (including Sections 6.1 and 6.2), Bank each Bank, by its acceptance hereof, severally agrees to extend credit make a loan or loans (individually a “Loan” and collectively “Loans”) to Borrowers during the period from the date hereof until the Termination Date by (a) making Revolving Loans to Borrowers from time to time, and (b) issuing irrevocable standby and commercial letters of credit (said irrevocable standby and commercial letters of credit being referred to herein as the "Letters of Credit") for the account of Borrowers or either one of them; provided, however, that (1) at no time shall the sum of (i) the aggregate principal amount of Revolving Loans to Borrowers at such time outstanding, plus (ii) the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers at such time outstanding (said sum, at any time, being hereinafter referred to as the "Bank's Current Revolving Loan Commitment Exposure"), exceed the Borrowing Base Amount then in effect, and (2) at no time shall the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers (or for the account of either of them) at such time outstanding exceed the amount of $500,000.00. In the event, at any time, and from time to time, the Bank's Current Revolving Loan Commitment Exposure exceeds the Borrowing Base Amount then in effect, Borrowers shall immediately prepay the Revolving Loans by such an amount to cause the Bank's Current Revolving Loan Commitment Exposure to equal the Borrowing Base Amount (or, at the option of Bank, Borrowers may post cash collateral or other collateral acceptable to Bank in its sole discretion to secure such deficiency in the Borrowing Base Amount). Within the limits set forth herein, Borrowers may borrow from Bank hereunder, repay any and all such Revolving Loans as hereinafter provided and reborrow hereunder. Borrowers' obligation to repay the Revolving Loans made by Bank shall be evidenced by a master promissory note made by Borrowers as co-makers (the "Revolving Note") payable to the order of Bank in the principal sum of $7,500,000.00, dated the date of this Agreement, with a final maturity of December 27, 2003, and bearing interest at the Base Rate plus the Applicable Margin Borrower from time to time on a revolving basis in effectU.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth on the applicable signature page hereof (such amount, as reduced pursuant to Section 2.12(a), increased pursuant to Section 2.12(b), or changed as a result of one or more assignments under Section 11.10 its “Commitment” and, cumulatively for all the Banks, the “Commitments”) before the Termination Date, provided that the sum of the aggregate amount of Loans at any time outstanding shall not exceed the Commitments in effect at such time. The Borrowers On the Termination Date the Commitments shall terminate. Each Borrowing of Loans shall be solidarily liable made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a) hereof, Borrower may elect that each Borrowing of Loans be either Base Rate Loans or Eurodollar Loans. Loans may be repaid and the principal amount thereof reborrowed before the Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving LoansLoans shall mature and be due and payable on the Termination Date. Notwithstanding anything is this Agreement to the contrary, no Eurodollar Loans may be advanced during the LIBOR Loan Restriction Period. From and after August 21, 2003, the Existing Letters of Credit (as such term is defined in the Related Credit Agreement) shall for all purposes be deemed to have been issued under the Related Credit Agreement. Accordingly, from and reimbursement obligations arising thereunder) and other obligations after such date no Bank shall have any obligation, nor shall it be entitled to Bank arising pursuant to any fee, under this Agreement or the Revolving Notewith respect to such Existing Letters of Credit.

The Revolving Loan Commitment. Subject to the terms and conditions of this Agreement, Bank agrees to extend credit to Borrowers during the period from the date hereof until the Termination Date by (a) making Revolving Loans to Borrowers from time to time, and (b) issuing irrevocable standby and commercial letters of credit (said irrevocable standby and commercial letters of credit being referred to herein as the "Letters of Credit") for the account of Borrowers or either one of them; provided, however, that (1) at no time shall the sum of (i) the aggregate principal amount of Revolving Loans to Borrowers at such time outstanding, plus (ii) the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers at such time outstanding (said sum, at any time, being hereinafter referred to as the "Bank's Current Revolving Loan Commitment Exposure"), exceed the Borrowing Base Amount then in effect, and (2) at no time shall the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers (or for the account of either of them) at such time outstanding exceed the amount of $500,000.00. In the event, at any time, and from time to time, the Bank's Current Revolving Loan Commitment Exposure exceeds the Borrowing Base Amount then in effect, Borrowers shall immediately prepay the Revolving Loans by such an amount to cause the Bank's Current Revolving Loan Commitment Exposure to equal the Borrowing Base Amount (or, at the option of Bank, Borrowers may post cash collateral or other collateral acceptable to Bank in its sole discretion to secure such deficiency in the Borrowing Base Amount). Within the limits set forth herein, Borrowers may borrow from Bank hereunder, repay any and all such Revolving Loans as hereinafter provided and reborrow hereunder. Borrowers' obligation to repay the Revolving Loans made by Bank shall be evidenced by a master promissory note made by Borrowers as co-makers (the "Revolving Note") payable to the order of Bank in the principal sum of $7,500,000.001,000,000.00, dated the date of this Agreement, with a final maturity of December 27October 29, 20032001, and bearing interest at the Base Rate plus the Applicable Margin from time to time in effect, adjusted daily. The Borrowers shall be solidarily liable for all Revolving Loans, Letters of Credit (and reimbursement obligations arising thereunder) Loans and other obligations to Bank arising pursuant to this Agreement or the Revolving Note.

The Revolving Loan Commitment. Subject to the terms and conditions of this Agreement, Bank agrees to extend credit to Borrowers during the period from the date hereof until the Termination Date by (a) making Revolving Loans to Borrowers from time to time, and (b) issuing irrevocable standby and commercial letters of credit (said irrevocable standby and commercial letters of credit being referred to herein as the "Letters of Credit") for the account of Borrowers or either one of them; provided, however, that (1) at no time shall the sum of (i) the aggregate principal amount of Revolving Loans to Borrowers at such time outstanding, plus (ii) the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers at such time outstanding (said sum, at any time, being hereinafter referred to as the "Bank's Current Revolving Loan Commitment Exposure"), exceed the Borrowing Base Amount then in effect, and (2) at no time shall the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers (or for the account of either of them) at such time outstanding exceed the amount of $500,000.00. In the event, at any time, and from time to time, the Bank's Current Revolving Loan Commitment Exposure exceeds the Borrowing Base Amount then in effect, Borrowers shall immediately prepay the Revolving Loans by such an amount to cause the Bank's Current Revolving Loan Commitment Exposure to equal the Borrowing Base Amount (or, at the option of Bank, Borrowers may post cash collateral or other collateral acceptable to Bank in its sole discretion to secure such deficiency in the Borrowing Base Amount). Within the limits set forth herein, Borrowers may borrow from Bank hereunder, repay any and all such Revolving Loans as hereinafter provided and reborrow hereunder. Borrowers' obligation to repay the Revolving Loans made by Bank shall be evidenced by a master promissory note made by Borrowers as co-makers (the "Revolving Note") payable to the order of Bank in the principal sum of $7,500,000.008,883,997.00, dated the date of this Agreement, with a final maturity of December 27, 2003, and bearing interest at the Base Rate plus the Applicable Margin from time to time in effect. The Borrowers shall be solidarily liable for all Revolving Loans, Letters of Credit (and reimbursement obligations arising thereunder) and other obligations to Bank arising pursuant to this Agreement or the Revolving Note.

The Revolving Loan Commitment. Subject to the terms and conditions of this Agreementhereof (including Sections 6.1 and 6.2), Bank each Bank, by its acceptance hereof, severally agrees to extend credit make a loan or loans (individually a “Loan” and collectively “Loans”) to Borrowers during the period from the date hereof until the Termination Date by (a) making Revolving Loans to Borrowers from time to time, and (b) issuing irrevocable standby and commercial letters of credit (said irrevocable standby and commercial letters of credit being referred to herein as the "Letters of Credit") for the account of Borrowers or either one of them; provided, however, that (1) at no time shall the sum of (i) the aggregate principal amount of Revolving Loans to Borrowers at such time outstanding, plus (ii) the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers at such time outstanding (said sum, at any time, being hereinafter referred to as the "Bank's Current Revolving Loan Commitment Exposure"), exceed the Borrowing Base Amount then in effect, and (2) at no time shall the aggregate unfunded amount of Letters of Credit issued for the account of Borrowers (or for the account of either of them) at such time outstanding exceed the amount of $500,000.00. In the event, at any time, and from time to time, the Bank's Current Revolving Loan Commitment Exposure exceeds the Borrowing Base Amount then in effect, Borrowers shall immediately prepay the Revolving Loans by such an amount to cause the Bank's Current Revolving Loan Commitment Exposure to equal the Borrowing Base Amount (or, at the option of Bank, Borrowers may post cash collateral or other collateral acceptable to Bank in its sole discretion to secure such deficiency in the Borrowing Base Amount). Within the limits set forth herein, Borrowers may borrow from Bank hereunder, repay any and all such Revolving Loans as hereinafter provided and reborrow hereunder. Borrowers' obligation to repay the Revolving Loans made by Bank shall be evidenced by a master promissory note made by Borrowers as co-makers (the "Revolving Note") payable to the order of Bank in the principal sum of $7,500,000.00, dated the date of this Agreement, with a final maturity of December 27, 2003, and bearing interest at the Base Rate plus the Applicable Margin Borrower from time to time on a revolving basis in effectU.S. Dollars in an aggregate outstanding amount up to the amount of its commitment set forth on the applicable signature page hereof (such amount, as reduced pursuant to Section 2.12(a), increased pursuant to Section 2.12(b), or changed as a result of one or more assignments under Section 11.10 its “Commitment” and, cumulatively for all the Banks, the “Commitments”) before the Commitment Termination Date, provided that the sum of the aggregate amount of Loans at any time outstanding shall not exceed the Commitments in effect at such time. The Borrowers On the Commitment Termination Date the Commitments shall terminate. Each Borrowing of Loans shall be solidarily liable made ratably from the Banks in proportion to their respective Percentages. As provided in Section 2.5(a) hereof, Borrower may elect that each Borrowing of Loans be either Base Rate Loans or Eurodollar Loans. Loans may be repaid and the principal amount thereof reborrowed before the Commitment Termination Date, subject to all the terms and conditions hereof. Unless an earlier maturity is provided for hereunder, all Revolving LoansLoans shall mature and be due and payable on the Commitment Termination Date, Letters of Credit (provided, that if on the Commitment Termination Date the Term-Out Conditions have been satisfied and reimbursement obligations arising thereunder) the Borrower provides a certificate to the Administrative Agent to such effect, then all Loans outstanding on the Commitment Termination Date shall mature and other obligations to Bank arising pursuant to be due and payable on the Maturity Date. Notwithstanding anything is this Agreement or to the Revolving Notecontrary, no Eurodollar Loans may be advanced during the LIBOR Loan Restriction Period.