Common use of Loan Commitment Use of Proceeds Clause in Contracts

Loan Commitment Use of Proceeds. 2.1 Lender hereby agrees, if Borrower has Performed all of the Obligations then due, to make Advances to Borrower in amounts equal to (a) the then Borrowing Base of the Eligible Instruments less (b) the then unpaid principal balance of the Loan; provided, at no time shall the unpaid principal balance of the Loan exceed the Maximum Loan Amount. Lender shall have no obligation to make any Advance after the Borrowing Term has expired. 2.2 The Loan is a revolving line of credit; however, all of the Advances shall be viewed as a single loan. Borrower shall not be entitled to obtain Advances after the expiration of the Borrowing Term unless Lender agrees in writing with Borrower to make Advances thereafter on terms and conditions satisfactory to Lender and such action if taken shall not be deemed a waiver with respect to subsequent advances. This Agreement and Borrower's liability for Performance of the Obligations shall continue, however, until the Obligations have been completely satisfied or waived in writing by Lender. 2.3 Borrower will use the proceeds of all Advances only to fund sales, marketing and working capital needs.

Loan Commitment Use of Proceeds. 2.1 Lender hereby agrees, if Borrower has Performed all of the Obligations obligations then due, to make Advances to Borrower in amounts equal to (a) the then Borrowing Base of the all Eligible Instruments then held by Lender together with those delivered to and accepted by Lender with a Request for Advance, less (b) the then unpaid principal balance of the Loan; provided, at no time shall the unpaid principal balance of the Loan exceed the Maximum Loan Amount. Lender shall have no obligation to make any Advance after the Borrowing Term has expired. 2.2 The Loan is a revolving line of credit; however, all of the Advances shall be viewed as a single loan. Borrower shall not be entitled to obtain Advances after the expiration of the Borrowing Term unless Lender Lender, in its sole and absolute discretion, agrees in writing with Borrower to make Advances thereafter on terms and conditions satisfactory to Lender and such action if taken shall not be deemed a waiver with respect to subsequent advancesLender. This Agreement and Borrower's liability for Performance of the Obligations shall continue, however, until the Obligations have been completely satisfied or waived in writing by Lenderend of the Term. 2.3 Borrower will use the proceeds of all Advances the Loan only to fund salesfor Borrower's business purposes, marketing and which shall consist of use for working capital needscapital.

Loan Commitment Use of Proceeds. 2.1 Subject to the terms and conditions of this Agreement, Lender hereby agrees, if Borrower has Performed all of the Obligations then due, will from time to time make Advances to Borrower in amounts equal to (a) the then Borrowing Base of the Eligible Instruments less (b) the then unpaid principal balance of the Loan; provided, at no time shall the unpaid principal balance of the Loan exceed the Maximum Loan Amount. Lender shall have no obligation to make any Advance after the Borrowing Term has expired. 2.2 The Loan is a revolving line of creditcredit against which during the Borrowing Term, subject to the terms and conditions of this Agreement, Borrower shall have the right to obtain Advances, repay Advances and obtain additional Advances; however, all of the Advances shall be viewed as a single loan. Borrower shall not be entitled to obtain Advances after the expiration of the Borrowing Term unless Lender Lender, in its sole and absolute discretion, agrees in writing with Borrower to make Advances thereafter on terms and conditions satisfactory in all respects to Lender and such action if taken shall not be deemed a waiver with respect to subsequent advancesLender. This Agreement and Borrower's liability for Performance of the Obligations shall continue, however, until the Obligations have been completely satisfied or waived in writing by Lenderend of the Term. 2.3 Borrower will use the proceeds of all Advances the Loan only to fund sales, marketing and working capital needs.for Borrower's business purposes set forth in Supplement I.