Common use of The Revolving Loan Clause in Contracts

The Revolving Loan. (i) On the date of a reduction of the Commitment pursuant to Section 2.04 hereof, to the extent the aggregate outstanding Advances under the Revolving Loan on the date of reduction exceed the Commitment as reduced, such excess amounts shall be immediately due and payable.

Appears in 2 contracts

Samples: Equipment Revolving Loan Agreement (Franchise Finance Corp of America), Revolving Loan Agreement (Franchise Finance Corp of America)

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The Revolving Loan. (i) On the date of a reduction of the Commitment pursuant to Section 2.04 2.4 hereof, to the extent the aggregate outstanding Advances under the Revolving Loan on the date of reduction exceed the Commitment as reduced, such excess amounts shall be immediately due and payable, which principal payment may not be made by means of a Refinancing Advance and (ii) Advances outstanding under the Revolving Loan are due and payable in full on the Maturity Date.

Appears in 1 contract

Samples: Credit Agreement (Franchise Finance Corp of America)

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