Common use of Total Facility Clause in Contracts

Total Facility. Subject to all of the terms and conditions of this Agreement, the Lender shall make available a total credit facility of up to $8,000,000 (the `Total Facility') for Borrower's use from time to time during the term of this Agreement. The Total Facility shall be comprised of a revolving line of credit up to the limits of the Availability, consisting of revolving loans and letters of credit as described in Sections 2.2 and 2.3."

Appears in 1 contract

Samples: Loan and Security Agreement (Great Train Store Co)

AutoNDA by SimpleDocs

Total Facility. Subject to all of the terms and -------------- conditions of this Agreement, the Lender shall Lenders agree to make available a total credit facility of up to $8,000,000 30,000,000 (the `"Total Facility'") for Borrower's use by any one or more -------------- of the Borrowers from time to time during the term of this Agreement. The Total Facility shall be comprised composed of a revolving line of credit up to the limits of the Availability, consisting of revolving loans Revolving Loans and letters Letters of credit Credit and Credit Support and the Term Loans as described in Sections 2.2 Section 1.2, Section 1.3, and 2.3."Section 1.4. ----------- ----------- -----------

Appears in 1 contract

Samples: Credit Agreement (Encore Medical Corp)

Total Facility. Subject to all of the terms --------------- and conditions of this Agreement, the Lender shall make available a total credit facility of up to $8,000,000 40,000,000 in the aggregate (the `"Total Facility'") for Borrower's the -------------- Borrowers' use from time to time during the term of this Agreement. The Total Facility shall be comprised of of: a revolving line of credit up to the limits of the Availability, consisting of revolving loans and letters of credit as described in Sections 2.2 and 2.3.". ------------ ---

Appears in 1 contract

Samples: Loan and Security Agreement (Trend Lines Inc)

Total Facility. Subject to all of the terms and conditions of this Agreement, the Lender shall make available a total credit facility of up to $8,000,000 5,000,000 (the `"Total Facility'") for the Borrower's use from time to time during the term of this Agreement. The Total Facility shall be comprised of of: a revolving line of credit up to the limits of the Availability, consisting of revolving loans Revolving Loans and letters Letters of credit Credit as described in Sections 2.2 and 2.3."

Appears in 1 contract

Samples: Loan and Security Agreement (Globespan Semiconductor Inc)

Total Facility. Subject to all of the terms and conditions of this Agreement, the Lender shall Lenders severally agree to make available a total credit facility of up to $8,000,000 100,000,000 (the `"Total Facility'") for Borrower's the Borrowers' use from time to time during the term of this Agreement. The Total Facility shall be comprised of of: (a) a revolving line of credit up to the limits of the Availability, consisting of revolving loans and letters of credit up to the Maximum Revolver Amount, as described in Sections 2.2 and 2.4; and (b) the Term Loans described in Section 2.3."

Appears in 1 contract

Samples: Loan and Security Agreement (Laclede Steel Co /De/)

Total Facility. Subject to all of the terms and conditions of this Agreement, the Lender shall make available a total credit facility of up to twenty-five million dollars ($8,000,000 25,000,000) (the `"Total Facility'") for the Borrower's use from time to time during the term of this Agreement. The Total Facility shall be comprised of a revolving line of credit up to the limits of the Availability, consisting of revolving loans and letters of credit Revolving Loans as described in Sections 2.2 and 2.3Section 2.2."

Appears in 1 contract

Samples: Loan and Security Agreement (Matria Healthcare Inc)

Total Facility. Subject to all of the terms and conditions of this Agreement, the Lender shall make available a total credit facility of up to $8,000,000 29,870,000 (the `"Total Facility'") for Borrower's Borrowers' use from time to time during the term of this Agreement. The Total Facility shall be comprised of of: (a) a revolving line of credit up to the limits of the Availability, consisting of revolving loans and letters Letters of credit Credit (including IRB Letters of Credit) as described in Sections 2.2 and 2.32.3 (the "Revolving Loan Facility"); and (b) a term loan as described in Section 2.4."

Appears in 1 contract

Samples: Loan and Security Agreement (Outlook Group Corp)

Total Facility. Subject to all of the terms and conditions of this Agreement, the Lender shall make available a total credit facility of up to $8,000,000 15,000,000 (the `"Total Facility'") for Borrower's use from time to time during the term of this Agreement. The Total Facility shall be comprised of a revolving line of credit up to the limits of the Availability, consisting of revolving loans and letters of credit as described in Sections 2.2 and 2.3."

Appears in 1 contract

Samples: Loan and Security Agreement (Great Train Store Co)

AutoNDA by SimpleDocs

Total Facility. Subject to all of the terms and conditions of this Agreement, the Lender shall agrees to make available a total credit facility of up to $8,000,000 17,000,000 (the `"Total Facility'") for Borrower's the Borrowers' use from time to time during the term of this Agreement. The Total Facility shall be comprised of composed of: (a) a revolving line of credit consisting of Revolving Loans and Letters of Credit up to the limits Borrowing Bases of the AvailabilityBorrowers, consisting of revolving loans and letters of credit as described in Sections 2.2 and 2.4; and (b) the Term Loans described in Section 2.3."

Appears in 1 contract

Samples: Loan and Security Agreement (Cerprobe Corp)

Total Facility. Subject to all of the terms and conditions of this Agreement, the Lender shall make available a total credit facility in the aggregate amount of up to $8,000,000 25,000,000 (the `"Total Facility'") for the Borrower's use from time to time during the term of this Agreement. The Total Facility shall be comprised of of: a revolving line of credit up to the limits of the Availability, consisting of revolving loans and letters of credit as described in Sections 2.2 and 2.3."

Appears in 1 contract

Samples: Loan and Security Agreement (Cosmetic Center Inc)

Total Facility. Subject to all of the terms and conditions of this Agreement, the Lender shall Lenders severally agree to make available a total credit facility of up to $8,000,000 76,000,000 (the `"Total Facility'") for the Borrower's use from time to time during the term of this Agreement. The Total Facility shall be comprised of of: (a) a revolving capital expenditure line of credit consisting of capital expenditure loans up to the limits of the AvailabilityMaximum CAPEX Amount, consisting of revolving loans and letters of credit as described in Sections 2.2 Section 2.2; and (b) a term line of credit consisting of term loans as described in Section 2.3."

Appears in 1 contract

Samples: Loan and Security Agreement (LDM Technologies Inc)

Total Facility. Subject to all of the terms and conditions of this --------------- Agreement, the Lender shall Lenders severally agree to make available a total credit facility of up to $8,000,000 40,000,000 (the `"Total Facility'") for Borrower's the Borrowers' use from time to time during the term of this AgreementAgreement and for the use of Envirosource to the extent of the Envirosource Letters of Credit. The Total Facility shall be comprised composed of a revolving line of credit consisting of Revolving Loans and Letters of Credit up to the limits of the AvailabilityBorrowing Base, consisting of revolving loans and letters of credit as described in Sections 2.2 and 2.3."2.4. ------------- ---

Appears in 1 contract

Samples: Loan and Security Agreement (Envirosource Inc)

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