Term and Purpose. RTFC agrees to make advances to the Borrower pursuant to the terms of this Agreement ("Advances") in an amount not to exceed the Commitment or such lesser amount as may be approved by RTFC in accordance with the terms and conditions hereof. RTFC shall not be obligated to make any Advances hereunder after two years from the date hereof (the "Termination Date"). All amounts outstanding hereunder shall be due and payable on August 30, 2000 (the "Maturity Date"). The Borrower agrees that all Advances hereunder shall be used solely for the purpose of (i) financing the purchase and installation of new hardware and related software to support Borrower's Line Information Data Base operation and other RTFC approved items; and (ii) purchasing a Subordinated Capital Certificate ("SCC").
Appears in 2 contracts
Sources: Secured Intermediate Term Equipment Financing Loan Substitute Agreement (Illuminet Holdings Inc), Secured Intermediate Term Equipment Financing Loan Substitute Agreement (Illuminet Holdings Inc)