Common use of Line of Credit Commitment Clause in Contracts

Line of Credit Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and relying upon the representations and warranties herein set forth, Lender hereby establishes a line of credit to Borrower in an aggregate principal amount of up to twelve million eight hundred thousand Dollars ($12,800,000.00) (the “Line of Credit”).

Appears in 1 contract

Sources: Line of Credit, Guarantee and Security Agreement (Blue Dolphin Energy Co)

Line of Credit Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and relying upon the representations and warranties herein set forth, Lender hereby establishes a line of credit to Borrower in an aggregate principal amount of up to twelve million eight hundred thousand Dollars ($12,800,000.00) 13,000,000.00 (the “Line of Credit”).

Appears in 1 contract

Sources: Credit Agreement (Blue Dolphin Energy Co)