Common use of Credit Amount Clause in Contracts

Credit Amount. The term "Credit Amount" shall mean the maximum amount of Loans which the Lender will make available to the Borrower which amount shall not exceed Six Million Dollars ($6,000,000); provided, however, that the aggregate outstanding principal balance of the Loans plus the Letter of Credit Obligations shall not exceed the Credit Amount.

Appears in 1 contract

Sources: Credit and Security Agreement (Premiumwear Inc)

Credit Amount. The term "Credit Amount" shall mean the maximum amount of Loans which the Lender will make available to the Borrower which amount shall not exceed Six Twelve Million Dollars Twenty-Five Thousand Thirty-Nine and No/100ths ($6,000,00012,025,039); provided, however, that the aggregate outstanding principal balance of the Loans plus the Letter of Credit Obligations shall not exceed the Credit Amount.

Appears in 1 contract

Sources: Credit and Security Agreement (Cryenco Sciences Inc)

Credit Amount. The term "Credit Amount" shall mean the maximum amount of Loans which the Lender will make available to the Borrower which amount shall not exceed Six Twelve Million Dollars Nine Hundred Sixty Thousand and No/100ths ($6,000,00012,960,000); providedPROVIDED, howeverHOWEVER, that the aggregate outstanding principal balance of the Loans plus PLUS the Letter of Credit Obligations shall not exceed the Credit Amount.

Appears in 1 contract

Sources: Credit and Security Agreement (Cryenco Sciences Inc)