Common use of Line of Credit Commitment Clause in Contracts

Line of Credit Commitment. Cybear hereby agrees, pursuant to the terms and subject to the conditions of this Credit Agreement, to make the Loan to Mediconsult and Physicians' Online for a period beginning on the date hereof and terminating on July 15, 2001 (the "Maturity Date"), at such times and, subject to Section 1(b) below, in such amounts as Mediconsult or Physicians' Online may request up to but not exceeding in the aggregate the Maximum Principal Amount. No payments under the Note shall be due and payable until the Maturity Date unless there shall have been an Event of Default.

Appears in 2 contracts

Sources: Credit Agreement (Andrx Corp /De/), Credit Agreement (Mediconsult Com Inc)