Common use of The Revolving Commitment Clause in Contracts

The Revolving Commitment. On the terms and subject to the conditions hereof, the Lender agrees to make advances (each an “Advance”) to the Borrower on a revolving basis at any time and from time to time from the Effective Date to June 29, 2010 (the “Maturity Date”), during which period the Borrower may borrow, repay and reborrow in accordance with the provisions hereof, provided, that the unpaid principal amount of outstanding Advances shall not at any time exceed $5,000,000 (the “Commitment Amount”).

Appears in 1 contract

Sources: Subordinated Credit Agreement (Ats Medical Inc)

The Revolving Commitment. On the terms and subject to the conditions hereof, the Lender agrees to make advances (each an “Advance”) to the Borrower on a revolving basis at any time and from time to time from the Effective Closing Date to June 29July 31, 2010 2008 (the “Maturity Date”), during which period the Borrower may borrow, repay and reborrow in accordance with the provisions hereof, provided, that the unpaid principal amount of outstanding Advances shall not at any time exceed $5,000,000 US$2,000,000 (the “Commitment Amount”).

Appears in 1 contract

Sources: Credit Agreement (Grand Toys International LTD)

The Revolving Commitment. On the terms and subject to the conditions hereof, the Lender agrees to make advances (each an "Advance") to the Borrower on a revolving basis at any time and from time to time from the Effective Closing Date to June 29to, 2010 (but not including, the "Maturity Date”)", during which period the Borrower may borrow, repay and reborrow in accordance with the provisions hereof, provided, that the unpaid principal amount of outstanding Advances shall not at any time exceed $5,000,000 75,000,000 (the "Commitment Amount").

Appears in 1 contract

Sources: Credit Agreement (Efunds Corp)