Common use of Total Facility Clause in Contracts

Total Facility. Upon the terms and conditions set forth herein and provided that no Event of Default or event which, with the giving of notice or the passage of time, or both, would constitute an Event of Default, shall have occurred and be continuing, FINOVA shall, upon DSI's request on behalf of the Borrowers, make advances to Borrowers from time to time in an aggregate outstanding principal amount not to exceed the Total Facility amount (the "TOTAL FACILITY") set forth on the Schedule hereto, subject to deduction of reserves for accrued interest and such other reserves as FINOVA deems proper from time to time, and less amounts FINOVA may be obligated to pay in the future on behalf of any Borrower. The Schedule is an integral part of this Agreement and all references to "herein", "herewith" and words of similar import shall for all purposes be deemed to include the Schedule.

Appears in 2 contracts

Samples: Loan and Security Agreement (Digital Solutions Inc), Loan and Security Agreement (Digital Solutions Inc)

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Total Facility. Upon the terms and conditions set forth herein and provided that no Event of Default or event which, with the giving of notice or the passage of time, or both, would constitute an Event of Default, shall have occurred and be continuing, FINOVA shall, upon DSI's request on behalf of the BorrowersClosing Date, make advances an advance to Borrowers from time to time Borrower (the "Loan") in an aggregate outstanding principal amount not to exceed the Total Facility amount (the "TOTAL FACILITYTotal Facility") set forth on the Schedule heretoschedule hereto (the "Schedule"), subject to deduction of reserves for accrued interest and such other reserves as FINOVA deems proper from time to time, and less amounts FINOVA may be obligated to pay in the future on behalf of any Borrower. The Schedule is an integral part of this Agreement and all references to "herein", "herewith" and words of similar import shall for all purposes be deemed to include the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Praegitzer Industries Inc)

Total Facility. Upon the terms and conditions set forth herein and provided -------------- that no Event of Default or event which, with the giving of notice or the passage of time, or both, would constitute an Event of Default, shall may have occurred and be continuing, FINOVA shallmay, upon DSIBorrower's request on behalf of the Borrowersrequest, make advances to Borrowers Borrower from time to time in an aggregate outstanding principal amount not to exceed the Total Facility amount (the "TOTAL FACILITYTotal Facility") set forth on the Schedule heretoschedule hereto (the "Schedule"), subject to deduction of reserves for accrued interest and such other reserves as FINOVA deems proper from time to time, and less unreimbursed amounts FINOVA may be obligated to pay in the future on behalf of any Borrower. The Schedule is an integral part of this Agreement and all references to "herein", "herewith" and words of similar import shall for all purposes be deemed to include the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Cumetrix Data Systems Corp)

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Total Facility. Upon the terms and conditions set forth herein and provided that no Event of Default or event which, with the giving of notice or the passage of time, or both, would constitute an Event of Default, shall have occurred and be continuing, FINOVA shall, upon DSIBorrower's request on behalf of the Borrowersrequest, make advances to Borrowers Borrower from time to time in an aggregate outstanding principal amount not to exceed the Total Facility amount (the "TOTAL FACILITYTotal Facility") set forth on the Schedule heretoschedule hereto (the "Schedule"), subject to deduction of reserves for accrued interest and such other reserves as FINOVA deems proper from time to time, and less amounts FINOVA may be obligated to pay in the future on behalf of any Borrower. The Schedule is an integral part of this Agreement and all references to "herein", "herewith" and words of similar import shall for all purposes be deemed to include the Schedule.

Appears in 1 contract

Samples: Loan and Security Agreement (Performance Printing Corp)

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