Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Ten Million Dollars ($10,000,000). (b) This is a revolving line of credit providing for cash advances and letters of credit. During the availability period, the Borrower may repay principal amounts and reborrow them. (c) Each advance will be for at least One Hundred Thousand Dollars ($100,000), or for the amount of the remaining available line of credit, if less. (d) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment.
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Sources: Business Loan Agreement (Eloyalty Corp), Business Loan Agreement (Eloyalty Corp)
Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Ten Three Million and 00/100 Dollars ($10,000,0003,000,000.00).
(b) This is a revolving line of credit providing for cash advances and letters of credit. During the availability period, the Borrower may repay principal amounts and reborrow them.
(c) Each advance will must be for at least One Hundred Thousand and 00/100 Dollars ($100,000100,000.00), or for the amount of the remaining available line of credit, if less.
(d) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment.
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Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowerBorrowers. The amount of the line of credit (the "βCommitment"β) is Ten Million Dollars ($10,000,000).
(b) This is a revolving line of credit providing for cash advances and advances, letters of creditcredit and air releases. During the availability period, the Borrower Borrowers may repay principal amounts and reborrow them.
(c) Each advance will be for The aggregate principal balance of cash advances outstanding at least One Hundred Thousand any one time may not exceed Seven Million Dollars ($100,0007,000,000), or for the amount of the remaining available line of credit, if less.
(d) The Borrower agrees Borrowers agree not to permit the sum of the outstanding principal balance of advances under the line of credit credit, plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, plus the amount of outstanding air releases, to exceed the Commitment.
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Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Ten Two Million Five Hundred Thousand Dollars ($10,000,0002,500,000).
(b) This is a revolving line of credit providing for cash advances and letters of credit. During the availability period, the Borrower may repay principal amounts and reborrow them.
(c) Each advance will must be for at least One Hundred Fifty Thousand Dollars ($100,00050,000), or for the amount of the remaining available line of credit, if less.
(d) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment.
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Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Ten Fifty Million Dollars ($10,000,00050,000,000).
(b) This is a revolving line of credit providing with a within line facility for cash advances and letters of credit. During the availability period, the Borrower may repay principal amounts and reborrow them.
(c) Each advance will must be for at least One Hundred Twenty-Five Thousand Dollars ($100,00025,000), or for the amount of the remaining available line of credit, if less.
(d) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment.
Appears in 1 contract
Sources: Business Loan Agreement (Dura Pharmaceuticals Inc/Ca)
Line of Credit Amount. (a) During the availability period described in Section 1.2 below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Ten Seventy-Five Million Dollars ($10,000,00075,000,000.00).
(b) This is a revolving line of credit providing for cash advances and letters of credit. During the availability period, the Borrower may repay principal amounts and reborrow them.
(c) Each advance will must be for at least One Five Hundred Thousand Dollars ($100,000500,000.00), or for the amount of the remaining available line of credit, if less.
(d) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment.
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Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower. The amount of the line of credit (the "Commitment") is Ten Twenty Million Dollars ($10,000,00020,000,000).
(b) This is a revolving line of credit providing with a term repayment option and with a within line facility for cash advances and letters of credit. During the availability period, the Borrower may repay principal amounts and reborrow them.
(c) Each advance will must be for at least One Hundred Thousand Dollars ($100,000), or for the amount of the remaining available line of credit, if less.
(d) The Borrower agrees not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment.
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