The Revolving Loan. Bank will loan to Borrower an amount not to exceed Fifty Million and 00/100 Dollars ($50,000,000.00) outstanding in the aggregate at any one time (the “Revolving Loan”). Revolving Loans will be denominated in Dollars. The proceeds of the Revolving Loan shall be used for Borrower’s general working capital and corporate purposes. Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million and 00/100 Dollars ($1,000,000.00) in accordance with the terms of the Revolving Note (defined below). All borrowings of the Revolving Loan must be made before the Maturity Date, at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by Bank’s standard form of commercial promissory note (the “Revolving Note”). Bank shall enter each amount borrowed and repaid in Bank’s records and such entries shall be deemed correct absent manifest error. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed. As of the date of this Agreement, the principal amount outstanding under Borrower’s revolving loan with Bank evidenced by the promissory note dated March 31, 2008 (“Old Note”) shall be deemed the initial principal amount outstanding under the Revolving Loan, and the Old Note is hereby cancelled and superceded by the Revolving Note.
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Samples: Loan Agreement (Coherent Inc)
The Revolving Loan. Bank will loan to Borrower an amount not to exceed Fifty Six Million and 00/100 Dollars ($50,000,000.006,000,000) outstanding in the aggregate at any one anyone time (the “"Revolving Loan”"). Revolving Loans will be denominated in Dollars. The proceeds of the Revolving Loan shall be used for Borrower’s 's general working capital and corporate purposes. Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million and 00/100 Two Hundred Fifty Thousand Dollars ($1,000,000.00250,000) in accordance with the terms of the Revolving Note (defined below). All borrowings of the Revolving Loan must be made before the Maturity DateJuly 2, 2007 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by Bank’s 's standard form of commercial promissory note (the “"Revolving Note”"). Bank shall enter each amount borrowed and repaid in Bank’s 's records and such entries shall be deemed correct absent manifest errorcorrect. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed. As of the date of this Agreement, the principal amount outstanding under Borrower’s 's revolving loan with Bank evidenced by the promissory note dated March 31September 22, 2008 2003 (“"Old Note”") shall be deemed the initial principal amount outstanding under the Revolving Loan, and the Old Note is hereby cancelled and superceded by the Revolving Note.
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Samples: Loan Agreement (Sparta Inc /De)
The Revolving Loan. Bank will loan to Borrower an amount not to exceed Fifty Three Million and 00/100 Dollars ($50,000,000.003,000,000.00) outstanding in the aggregate at any one time (the “Revolving Loan”). Revolving Loans will be denominated in Dollars. The proceeds of the Revolving Loan shall be used for Borrower’s general working capital and corporate purposes. Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million and 00/100 Dollars ($1,000,000.00) in accordance with the terms of the Revolving Note (defined below). All borrowings of the Revolving Loan must be made before the Maturity DateJune 2, 2003, at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by Bank’s standard form of commercial promissory note (the “Revolving Note”). Bank shall enter each amount borrowed and repaid in Bank’s records and such entries shall be deemed correct absent manifest errorcorrect. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed. As of the date of this Agreement, the principal amount outstanding under Borrower’s revolving loan with Bank evidenced by the promissory note dated March 31July 2, 2008 2001 (“Old Note”) shall be deemed the initial principal amount outstanding under the Revolving Loan, and the Old Note is hereby cancelled and superceded by the Revolving Note.
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The Revolving Loan. Bank will loan to Borrower an amount not to exceed Fifty Twenty Five Million and 00/100 Dollars ($50,000,000.0025,000,000) outstanding in the aggregate at any one time (the “Revolving Loan”). Revolving Loans will be denominated in Dollars. The proceeds of the Revolving Loan shall be used for relocation expenses for Borrower’s general working capital and corporate purposesclients. Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million and 00/100 Dollars ($1,000,000.00) in accordance with the terms of the Revolving Note (defined below). All borrowings of the Revolving Loan must be made before the Maturity DateAugust 1, 2005, at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by Bank’s standard form of commercial promissory note (the “Revolving Note”). Bank shall enter each amount borrowed and repaid in Bank’s records and such entries shall be deemed correct absent manifest errorcorrect. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed. As of the date of this Agreement, the principal amount outstanding under Borrower’s revolving loan with Bank evidenced by the promissory note dated March 31July 30, 2008 2003 (“Old Note”) shall be deemed the initial principal amount outstanding under the Revolving Loan, and the Old Note is hereby cancelled and superceded by the Revolving Note.
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