Common Contracts
2 similar Loan Authorization Agreement contracts by Vince Holding Corp.
EX-10.4 5 vnce-ex104_11.htm EX-10.4 Loan Authorization Agreement Dated: June 22, 2017Loan Authorization Agreement • May 5th, 2020 • Illinois
The Company referred to below has applied for, and Bank of Montreal (the “Lender”) has approved the establishment of, a loan authorization account (“Loan Account”) from which the Company may from time to time request loans and letters of credit up to the maximum amount of credit shown below (the “Maximum Credit”); provided that the sum of the aggregate principal amount of loans outstanding plus the aggregate undrawn stated amount of letters of credit issued hereunder plus the aggregate amount of any unreimbursed draws under any letters of credit issued hereunder (such sum, the “Outstanding Obligations”) shall not exceed the Maximum Credit. Interest on such loans is computed at a variable rate which may change daily based upon changes in the Prime Rate or the LIBOR Quoted Rate (each as hereinafter defined). The Company may make principal payments at any time and in any amount. The request by the Company for, and the making by the Lender of, any loan against the Loan Account or the issua
Loan Authorization Agreement Dated: June 22, 2017Loan Authorization Agreement • July 5th, 2017 • Vince Holding Corp. • Retail-apparel & accessory stores • Illinois
The Company referred to below has applied for, and Bank of Montreal (the “Lender”) has approved the establishment of, a loan authorization account (“Loan Account”) from which the Company may from time to time request loans and letters of credit up to the maximum amount of credit shown below (the “Maximum Credit”); provided that the sum of the aggregate principal amount of loans outstanding plus the aggregate undrawn stated amount of letters of credit issued hereunder plus the aggregate amount of any unreimbursed draws under any letters of credit issued hereunder (such sum, the “Outstanding Obligations”) shall not exceed the Maximum Credit. Interest on such loans is computed at a variable rate which may change daily based upon changes in the Prime Rate or the LIBOR Quoted Rate (each as hereinafter defined). The Company may make principal payments at any time and in any amount. The request by the Company for, and the making by the Lender of, any loan against the Loan Account or the issua
