Amount and Terms of Loans. Pursuant to the terms of this Agreement, Lender shall make Loans to the Company, upon its request and within three (3) business days of such request, which in the aggregate do not exceed Four Hundred Fifty Thousand and 00/100 Dollars ($450,000.00). The Loans and each of them shall be made upon the following terms and conditions:
(a) The maximum aggregate principal amount of the Loans shall be in the amount of Four Hundred Fifty Thousand and 00/100 Dollars ($450,000.00), and shall be evidenced by a promissory grid note (the "Note") with appropriate insertions of names, dates and amounts. The Loans shall bear interest at a rate per annum equal to ten percent (10.00%). Interest shall be charged on the principal balance from time to time outstanding on the basis of the actual number of days elapsed computed on the basis of a three hundred sixty (360) day year. Interest shall be due and payable, in arrears on the Maturity Date (as hereinafter defined);
(b) The Loans made by Lender to the Company pursuant to this Paragraph 2 shall be recorded in an account on the books of Lender bearing the Company's name (the "Company's Account"). There shall also be recorded in the Company's Account all payments made by the Company on the Loans and interest accrued thereon.
(c) The outstanding principal amount owed hereunder, together with all accrued but unpaid interest thereon, shall be due and payable in full on the earlier of (i) the closing of an initial public offering of the Company's securities and (ii) March 3, 2002 (the "Maturity Date");
(d) Maker shall have the right to prepay the outstanding principal amount of this Note, in whole or in part at any time.
(e) The provisions of this Paragraph 2 shall continue in effect until the Maturity Date, PROVIDED, HOWEVER, that Lender's obligations to advance Loans to the Company pursuant to the provisions of this Paragraph 2 shall cease upon the occurrence of an Event of Default (as defined in Paragraph 3 hereof) until such time as said Event of Default is cured.
Amount and Terms of Loans. 25 2.1. Revolving Credit Loans ........................................................................ 25 2.2. Minimum Amount of Each Borrowing .............................................................. 26 2.3. Borrowing Request - Revolving Credit Loans .................................................... 27 2.4. Bid Loans; Procedure .......................................................................... 27 2.5.
Amount and Terms of Loans. 17 2.1 Revolving Credit Commitments....................................17 2.2 Procedure for Revolving Credit Borrowing........................17 2.3 The Bid Loans...................................................18 2.4 Repayment of Loans; Evidence of Debt............................20 2.5 Optional Termination or Reduction of Commitments................21 2.6
Amount and Terms of Loans. 26 Section 2.1 Loans...........................................................................
Amount and Terms of Loans. 10
2.1 Tranche A Loans ........................................10 2.2
Amount and Terms of Loans. 21 2.1Revolving Credit Loans 21 2.2Swing Line Loans 21 2.3Notice of Borrowing Revolving Credit Loans and Swing Line Loans 23 2.4Competitive Bid Loans and Procedure 24 2.5Use of Proceeds 26 2.6Termination, Reduction or Increase of Commitments 26 2.7Prepayments of Loans 28 2.8Letter of Credit Sub‑facility 29 2.9Letter of Credit Participation 30
Amount and Terms of Loans. 2.1 Revolving Credit Loans
(a) Subject to the terms and conditions hereof, each Lender severally (and not jointly) agrees to make loans under this Agreement (each a “Revolving Credit Loan” and, collectively with each other Revolving Credit Loan of such Lender and/or with each Revolving Credit Loan of each other Lender, the “Revolving Credit Loans”) to the Borrower from time to time during the Commitment Period, during which period the Borrower may borrow, prepay and reborrow in accordance with the provisions hereof. Immediately after making each Revolving Credit Loan and after giving effect to all Swing Line Loans and Competitive Bid Loans repaid and all Reimbursement Obligations paid on the same date, the Aggregate Credit Exposure will not exceed the Aggregate Commitment Amount. With respect to each Lender, at the time of the making of any Revolving Credit Loan, the sum of (I) the principal amount of such Lender’s Revolving Credit Loan constituting a part of the Revolving Credit Loans to be made, (II) the aggregate principal balance of all other Revolving Credit Loans (exclusive of Revolving Credit Loans which are repaid with the proceeds of, and simultaneously with the incidence of, the Revolving Credit Loans to be made) then outstanding from such Lender and (III) the product of (A) such Lender’s Commitment Percentage and (B) the sum of (1) the aggregate principal balance of all Swing Line Loans (exclusive of Swing Line Loans which are repaid with the proceeds of, and simultaneously with the incurrence of, the Revolving Credit Loans to be made) then outstanding and (2) the Letter of Credit Exposure of all Lenders, will not exceed the Commitment of such Lender at such time. At the option of the Borrower, indicated in a Borrowing Request, Revolving Credit Loans may be made as ABR Advances or Eurodollar Advances.
(b) The aggregate outstanding principal balance of all Revolving Credit Loans shall be due and payable on the Commitment Termination Date or on such earlier date upon which all of the Commitments shall have been terminated in accordance with Section 2.6.
Amount and Terms of Loans. 22 2.1. Commitments for Loans.........................................................22
Amount and Terms of Loans. Section 2.1 Loans and Commitments.........................................................................45 Section 2.2
Amount and Terms of Loans. 14 2.1 Loans ........................................................................14 2.2 Notice of Borrowing Loans ....................................................15 2.3 [Intentionally Omitted] ......................................................15 2.4 Use of Proceeds ..............................................................15 2.5 Termination or Reduction of Commitments ......................................16 2.6
