Total Credit Facility. The first sentence of Section 3.1 is hereby deleted in its entirety and replaced with the following: "In consideration of Borrower's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Borrower agrees to accept, an aggregate credit facility (the "Credit Facility") of up to Eighty Million Dollars ($80,000,000) ("Total Credit Limit")."
Appears in 1 contract
Samples: Credit and Security Agreement (Elcom International Inc)
Total Credit Facility. The first sentence of Section 3.1 is hereby deleted in its entirety and replaced with the following: "In consideration of Borrower's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Borrower agrees to accept, an aggregate credit facility (the "Credit Facility") of up to Eighty Twenty-Two Million Dollars ($80,000,00022,000,000) ("Total Credit Limit"); provided, however, that on and after March 15, 2001, the Total Credit Facility shall be reduced to Ten Million Dollars ($10,000,000)."
Appears in 1 contract
Samples: Business Credit and Security Agreement (Elcom International Inc)
Total Credit Facility. The first sentence of Section 3.1 is hereby deleted in its entirety and replaced with the following: "In consideration of Borrower's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Borrower agrees to accept, an aggregate credit facility (the "Credit Facility") of up to Eighty Twenty Million Dollars ($80,000,00020,000,000) ("Total Credit Limit"); provided, however, that on and after April 15, 2001, the Total Credit Facility shall be reduced to Ten Million Dollars ($10,000,000)."
Appears in 1 contract
Samples: Business Credit and Security Agreement (Elcom International Inc)
Total Credit Facility. The first sentence of Section 3.1 is hereby deleted in its entirety and replaced with the following: "In consideration of Borrower's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Borrower agrees to accept, an aggregate credit facility (the "Credit Facility") of up to Eighty Forty Million Dollars ($80,000,00040,000,000) ("Total Credit Limit")."
Appears in 1 contract
Samples: Business Credit and Security Agreement (Elcom International Inc)
Total Credit Facility. The first sentence of Section 3.1 is hereby deleted in its entirety and replaced with the following: "In consideration of Borrower's payment and performance of its Obligations and subject to the terms and conditions contained in this Agreement, DFS agrees to provide, and Borrower agrees to accept, an aggregate credit facility (the "Credit Facility") of up to Eighty Fifty Million Dollars ($80,000,00050,000,000) ("Total Credit Limit")."
Appears in 1 contract
Samples: Credit and Security Agreement (Elcom International Inc)