Common use of Line of Credit Amount Clause in Contracts

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower (the "Line of Credit"). The amount of the Line of Credit (the "Facility No. 2 Commitment") is One Million and 00/100 Dollars ($1,000,000.00). (b) This is a non-revolving line of credit. Any amount borrowed, even if repaid before the expiration date of the Line of Credit, permanently reduces the remaining available Line of Credit. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 2

Appears in 1 contract

Sources: Loan Agreement (Mechanical Technology Inc)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower (the "Line of Credit")Borrower. The amount of the Line line of Credit credit (the "Facility No. 2 3 Commitment") is One Million and 00/100 Seven Hundred Fifty Thousand Dollars ($1,000,000.001,750,000). (b) This is a non-revolving line of creditcredit with a term repayment option, and providing for cash advances. Any amount borrowed, even if repaid before the expiration date end of the Line of Creditavailability period, permanently reduces the remaining available Line line of Creditcredit. (c) The Borrower agrees not to permit the outstanding principal balance outstanding of advances under the line of credit to exceed the Facility No. 23

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies Inc)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower (the "Line of Credit")Borrower. The amount of the Line line of Credit credit (the "Facility No. 2 3 Commitment") is One Million and 00/100 Four Hundred Thousand Dollars ($1,000,000.001,400,000). (b) This is a non-revolving line of creditcredit with a term repayment option. Any amount borrowed, even if repaid before the expiration date end of the Line of Creditavailability period, permanently reduces the remaining available Line line of Creditcredit. (c) The Borrower agrees not to permit the outstanding principal balance outstanding of the line of credit to exceed the Facility No. 23

Appears in 1 contract

Sources: Business Loan Agreement (American Eco Corp)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower (the "Line of Credit")Borrower. The amount of the Line line of Credit credit (the "β€œFacility No. 2 1 Commitment"”) is One Million and 00/100 Seven Hundred Thousand Dollars ($1,000,000.001,700,000). (b) This is a non-revolving line of credit. Any amount borrowed, even if repaid before the expiration date of the Line line of Creditcredit, permanently reduces the remaining available Line line of Creditcredit. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility No. 21

Appears in 1 contract

Sources: Loan Agreement (Maine & Maritimes Corp)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower (the "Line of Credit")Borrower. The amount of the Line line of Credit credit (the "Facility No. 2 3 Commitment") is One Million and 00/100 Four Hundred Thousand Dollars ($1,000,000.001,400,000). (b) This is a non-revolving line of creditcredit with a term repayment option. Any amount borrowed, even if from the date of this Amendment and repaid before the expiration date end of the Line of Creditavailability period, permanently reduces the remaining available Line line of Creditcredit. (c) The Borrower agrees not to permit the outstanding principal balance outstanding of the line of credit to exceed the Facility No. 23 Commitment.

Appears in 1 contract

Sources: Business Loan Agreement (Portland Brewing Co /Or/)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit ("Facility No. 3") to the Borrower (the "Line of Credit")Borrower. The amount of the Line line of Credit credit (the "Facility No. 2 3 Commitment") is One Million Five Hundred Thousand and 00/100 Dollars ($1,000,000.001,500,000.00). (b) This is a non-revolving line of creditcredit with a term repayment option, and providing for cash advances. Any amount borrowed, even if repaid before the expiration date end of the Line of Creditavailability period, permanently reduces the remaining available Line line of Creditcredit. (c) The Borrower agrees not to permit the outstanding principal balance outstanding of advances under the line of credit to exceed the Facility No. 23

Appears in 1 contract

Sources: Business Loan Agreement (Tab Products Co)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower (the "Line of Credit")Borrower. The amount of the Line line of Credit credit (the "Facility No. 2 3 Commitment") is One Five Million and 00/100 Dollars ($1,000,000.005,000,000.00). (b) This is a non-revolving line of creditcredit with a term repayment option, and providing for cash advances. Any amount borrowed, even if repaid before the expiration date end of the Line of Creditavailability period, permanently reduces the remaining available Line line of Creditcredit. (c) The Borrower agrees not to permit the outstanding principal balance outstanding of advances under the line of credit to exceed the Facility No. 23

Appears in 1 contract

Sources: Business Loan Agreement (Impco Technologies Inc)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrower (the "Line of Credit"). The amount of the Line of Credit (the "Facility NoNO. 2 3 Commitment") is One Million Five Hundred Thousand and 00/100 Dollars ($1,000,000.00500,000.00). (b) This is a non-revolving line of credit. Any amount borrowed, even if repaid before the expiration date of the Line of Credit, permanently reduces the remaining available Line of Credit. (c) The Borrower agrees not to permit the principal balance outstanding to exceed the Facility NoNO. 23

Appears in 1 contract

Sources: Loan Agreement (Mechanical Technology Inc)