Common use of Uncommitted Credit Authorizations Clause in Contracts

Uncommitted Credit Authorizations. The Bank has approved the uncommitted credit authorizations listed below (collectively, the "Credit Authorizations," and individually, as designated below) subject to the terms and conditions of this agreement and the Bank's continuing satisfaction with the Borrower's financial status. Disbursements under the Credit Authorizations are solely at the Bank's discretion. Any disbursement on one or more occasions shall not commit the Bank to make any subsequent disbursement. A. FACILITY A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $25,000,000.00 in the aggregate at any one time outstanding ("Facility A"). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes"). The proceeds of Facility A shall be used for the following purpose: WORKING CAPITAL. Facility A shall expire on MAY 31, 1999 unless earlier withdrawn. B. FACILITY B (INCLUDING LETTERS OF CREDIT). The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $5,000,000.00 in the aggregate at any one time outstanding ("Facility B"). Facility B shall include the issuance of standby letters of credit not exceeding $5,000,000.00 in the aggregate at any one time outstanding, expiring not later than NOVEMBER 30, 1999 (the "Letters of Credit"). Each Letter of Credit shall be in form acceptable to the Bank and shall bear fees according to the Bank's fee schedule as amended from time to time. In addition to those fees, each Standby Letter of Credit shall bear a fee of 1% per year of its face amount. Credit under Facility B shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes") or by issuance of a Letter of Credit upon completion of an application acceptable to the Bank. The proceeds of Facility B shall be used for the following purpose: TO ASSIST IN OPENING NEW OFFICES IN EUROPE. Facility B shall expire on MAY 31, 1999 unless earlier withdrawn. C. FACILITY C (PURCHASE MONEY TERM LOANS AND/OR LEASES). The Bank has approved an uncommitted credit authorization to the Borrower in the principal sum not to exceed $2,000,000.00 in the aggregate at any one time outstanding ("Facility C"). Facility C shall be in the form of loans evidenced by the Borrower's notes on the Bank's form (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes") or lease agreements on the Bank's standard lease form (referred to in this agreement as the "Leases"), the proceeds of which shall be used to acquire equipment and machinery. Interest on each loan shall accrue at a rate to be agreed upon by the Bank and the Borrower at the time the loan is made. Rent under any Lease shall be in an amount to be negotiated by the Borrower and the Bank prior to funding of the Lease. The maturity of each note or the term of any Lease shall not exceed 60 months from the note date or lease commencement date. Notwithstanding the aggregate amount of Facility C stated above, the original principal amount of each loan shall not exceed the lesser of 80% of the cost of the equipment/machinery purchased with loan proceeds or $2,000,000.00, and the amount funded under each Lease shall not exceed the cost of the equipment. Facility C shall expire on MAY 31, 1999 unless earlier withdrawn.

Uncommitted Credit Authorizations. The Bank has approved the uncommitted credit authorizations listed below (collectively, the "Credit Authorizations," and individually, as designated below) subject to the terms and conditions of this agreement and the Bank's continuing satisfaction with the Borrower's financial status. Disbursements under the Credit Authorizations are solely at the Bank's discretion. Any disbursement on one or more occasions shall not commit the Bank to make any subsequent disbursement. A. FACILITY Facility A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $25,000,000.00 _________ in the aggregate at any one time outstanding ("Facility A"). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Xxxxxx Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes"). The proceeds of Facility A shall be used for the following purpose: WORKING CAPITAL___________. Facility A shall expire on MAY 31, 1999 ________ unless earlier withdrawn. . [X] B. FACILITY Facility B (INCLUDING LETTERS OF CREDITIncluding Letters of Credit). The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $5,000,000.00 1,000,000.00 in the aggregate at any one time outstanding ("Facility B"). Facility B shall include the issuance of standby commercial letters of credit not exceeding $5,000,000.00 150,000.00 in the aggregate at any one time outstanding, expiring not later than NOVEMBER 30March 31, 1999 (the "Letters of Credit"). Each Letter of Credit shall be in form acceptable to the Bank and shall bear fees according to the Bank's fee schedule as amended from time to time. In addition to those fees, each Standby Letter of Credit shall bear a fee of 1____% per year of its the face amountamount of each standby Letter of Credit plus an issuance fee of $150,000.00 upon issuance of each Letter of Credit. Credit under Facility B shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes") or by issuance of a Letter of Credit upon completion of an application acceptable to the Bank. The proceeds of Facility B shall be used for the following purpose: TO ASSIST IN OPENING NEW OFFICES IN EUROPEworking capital. Facility B shall expire on MAY 31September 30, 1999 1998 unless earlier withdrawn. C. FACILITY C (PURCHASE MONEY TERM LOANS AND/OR LEASES). The Bank has approved an uncommitted credit authorization to the Borrower in the principal sum not to exceed $2,000,000.00 in the aggregate at any one time outstanding ("Facility C"). Facility C shall be in the form of loans evidenced by the Borrower's notes on the Bank's form (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes") or lease agreements on the Bank's standard lease form (referred to in this agreement as the "Leases"), the proceeds of which shall be used to acquire equipment and machinery. Interest on each loan shall accrue at a rate to be agreed upon by the Bank and the Borrower at the time the loan is made. Rent under any Lease shall be in an amount to be negotiated by the Borrower and the Bank prior to funding of the Lease. The maturity of each note or the term of any Lease shall not exceed 60 months from the note date or lease commencement date. Notwithstanding the aggregate amount of Facility C stated above, the original principal amount of each loan shall not exceed the lesser of 80% of the cost of the equipment/machinery purchased with loan proceeds or $2,000,000.00, and the amount funded under each Lease shall not exceed the cost of the equipment. Facility C shall expire on MAY 31, 1999 unless earlier withdrawn.

Uncommitted Credit Authorizations. The Bank has approved the uncommitted credit authorizations listed below (collectively, the "Credit Authorizations," and and, individually, as designated below) subject to the terms and conditions of this agreement and the Bank's continuing satisfaction with the Borrower's financial status. Disbursements under the Credit Authorizations are solely at the Bank's discretion. Any disbursement on one or more occasions shall not commit the Bank to make any subsequent disbursement. A. FACILITY A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $25,000,000.00 3,500,000.00 in the aggregate at any one time outstanding ("Facility A"). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 I as the "Notes"). The proceeds of Facility A shall be used for the following purpose: WORKING CAPITALworking capital. Facility A shall expire on MAY May 31, 1999 unless earlier withdrawn. B. FACILITY B (INCLUDING LETTERS OF CREDIT). The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $5,000,000.00 in the aggregate at any one time outstanding ("Facility B"). Facility B shall include the issuance of standby letters of credit not exceeding $5,000,000.00 in the aggregate at any one time outstanding, expiring not later than NOVEMBER 30, 1999 (the "Letters of Credit"). Each Letter of Credit shall be in form acceptable to the Bank and shall bear fees according to the Bank's fee schedule as amended from time to time. In addition to those fees, each Standby Letter of Credit shall bear a fee of 1% per year of its face amount. Credit under Facility B shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes") or by issuance of a Letter of Credit upon completion of an application acceptable to the Bank. The proceeds of Facility B shall be used for the following purpose: TO ASSIST IN OPENING NEW OFFICES IN EUROPE. Facility B shall expire on MAY 31, 1999 unless earlier withdrawn. C. FACILITY C (PURCHASE MONEY TERM LOANS AND/OR LEASESLOANS). The Bank has approved an uncommitted credit authorization to the Borrower in the principal sum not to exceed $2,000,000.00 500,000.00 in the aggregate at any one time outstanding ("Facility CB"). Facility C B shall be in the form of loans evidenced by the Borrower's notes on the Bank's form (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes") or lease agreements on the Bank's standard lease form (referred to in this agreement as the "Leases"), the proceeds of which shall be used to acquire purchase the following equipment and machineryvehicles. Interest on each loan shall accrue at a rate to be agreed upon by the Bank and the Borrower at the time the loan is made. Rent under any Lease shall be in an amount to be negotiated by the Borrower and the Bank prior to funding of the Lease. The maturity of each note or the term of any Lease shall not exceed 60 36 months from the note date or lease commencement date. Notwithstanding the aggregate amount of Facility C B stated above, the original principal amount of each loan shall not exceed the lesser of 80% of the cost of the equipment/machinery equipment and vehicles purchased with loan proceeds or $2,000,000.00, and the amount funded under each Lease shall not exceed the cost of the equipment500,000.00. Facility C B shall expire on MAY May 31, 1999 unless earlier withdrawn.

Uncommitted Credit Authorizations. The Bank has approved the uncommitted credit authorizations authorization listed below (collectively, the "Credit Authorizations," and and, individually, as designated below) subject to the terms and conditions of this agreement and the Bank's continuing satisfaction with the Borrower's financial status. Disbursements under the Credit Authorizations are solely at the Bank's discretion. Any disbursement on one or more occasions shall not commit the Bank to make any subsequent disbursement. . / / A. FACILITY FACILITY A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $25,000,000.00 ____________________ in the aggregate at any one time outstanding ("Facility A"). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account accounts and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes"). The proceeds of Facility A shall be used for the following purpose: WORKING CAPITAL. :__________________________________________, Facility A shall expire on MAY 31__________________________________, 1999 199__ unless earlier withdrawn. . /X/ B. FACILITY B (INCLUDING LETTERS OF CREDIT). The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $5,000,000.00 15,000,000.00 in the aggregate at any one time outstanding ("Facility B"). Facility B shall include the issuance of standby [commercial/standby] letters of credit not exceeding $5,000,000.00 750,000.00 in the aggregate at any one time outstanding, expiring not later than NOVEMBER 30April 14, 1999 1998 [which shall include time drafts expiring not later than ** *** ** *** *** *** **, 199 __] (the "Letters of Credit"). (Strike bracketed words if inapplicable.) Each Letter of Credit shall be in form acceptable to the Bank and shall bear fees according to the Bank's fee schedule as amended from time to time. In addition to those fees, each Standby Letter of Credit shall bear a fee of 1% per year of its the face amountamount of each standby Letter of Credit plus an issuance fee of $150.00 upon issuance of each Letter of Credit. (If no fee is listed, the Letter of Credit shall bear a fee to be agreed upon by the Bank and the Borrower). Credit under Facility B shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes") or by issuance of a Letter of Credit upon completion of an application acceptable to the Bank. The proceeds of Facility B shall be used for the following purpose: TO ASSIST IN OPENING NEW OFFICES IN EUROPEworking capital. Facility B shall expire on MAY August 31, 1999 1997 unless earlier withdrawn. . /X/ C. FACILITY C (PURCHASE MONEY TERM LOANS AND/OR LEASESLOANS). The Bank has approved an uncommitted credit authorization to the Borrower in the principal sum not to exceed $2,000,000.00 10,000,000.00 in the aggregate at any one time outstanding ("Facility C"). Facility C shall be in the form of loans evidenced by the Borrower's notes on the Bank's form (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 I as the "Notes") or lease agreements on the Bank's standard lease form (referred to in this agreement as the "Leases"), the proceeds of which shall be used to acquire equipment and machinerypurchase the following: acquisition of companies. Interest on each loan shall accrue at a rate to be agreed upon by the Bank and the Borrower at the time the loan is made. Rent under any Lease shall be in an amount to be negotiated by the Borrower and the Bank prior to funding of the Lease. The maturity of each note or the term of any Lease shall note shall not exceed 60 18 months from the note date or lease commencement date. Notwithstanding the aggregate amount of Facility C stated above, the original principal amount of each loan shall not exceed the lesser of 80% of the cost of the equipment/machinery purchased with loan proceeds or $2,000,000.00, and the amount funded under each Lease shall not exceed the cost of the equipment. Facility C shall expire on MAY August 31, 1999 1997 unless earlier withdrawn.