Common use of Line of Credit Commitment Clause in Contracts

Line of Credit Commitment. On and subject to the terms of this Agreement, the Bank agrees to make loans to the Borrower from time to time, (the availability of such Loans hereunder called the "Line of Credit") in such amounts (the "Loans") as the Borrower may from time to time request, but not exceeding the amount of $20,000,000 in the aggregate at any one time outstanding (as reduced from time to time in accordance with Section 5 hereof; the "Line of Credit Commitment"). The Borrower may borrow, prepay, repay, and reborrow from the Bank to, but not including, January 15, 2003 (the "Termination Date"), unless sooner notified of the termination of the Line of Credit pursuant to Section 9.2 hereof.

Appears in 1 contract

Sources: Line of Credit Agreement (Cbot Holdings Inc)

Line of Credit Commitment. On and subject to the terms of this Agreement, the Bank agrees to make loans to the Borrower from time to time, time (the availability of such Loans hereunder called the "Line of Credit") in such amounts (the "Loans") as the Borrower may from time to time request, but not exceeding the amount of $20,000,000 in the aggregate at any one time outstanding (as reduced from time to time in accordance with Section 5 hereof; the "Line of Credit Commitment"). The Borrower may borrow, prepay, repay, repay and reborrow from the Bank to, but not including, January 1513, 2003 2004 (the "Termination Date"), unless sooner notified of the termination of the Line of Credit pursuant to Section 9.2 hereof."

Appears in 1 contract

Sources: Line of Credit Agreement (Cbot Holdings Inc)