Revolving Credit Facilities. (a) Each Revolving Credit Lender agrees to extend credit under each Series of Revolving Credit Facility for which it has a Revolving Credit Commitment, in each case pursuant to which, and upon the terms and subject to the conditions herein set forth:
Revolving Credit Facilities. (i) Subject to the terms and conditions contained in this Agreement, each Revolving Credit Lender agrees to make one or more Advances pursuant to this Section 2.01(a) (collectively, the “Revolving Credit Loans”) to Borrowers from time to time during the Revolving Credit Commitment Period in an aggregate principal amount at any time outstanding which does not exceed the amount of such Revolving Credit Lender’s Revolving Credit Commitment; provided, however, that:
Revolving Credit Facilities. Where the lender agrees to lend up to an approved limit. The borrower can withdraw any amount up to that limit and repay as and when required. Interest is only payable on the amount withdrawn for the period withdrawn. ☑ LEGAL MORTGAGE/CHARGE This secures a loan against a property at Land Registry and prevents the borrower dealing with the mortgaged asset while it is subject to the mortgage. ☑ DEBENTURE This is a type of loan agreement used for corporate lending and can be registered at Companies House.
Revolving Credit Facilities. 12 2.1 Revolving Credit Commitments............................................................................12 2.2 Fees........................................................................................................................12
Revolving Credit Facilities. During the period from the Effective Date until the earlier of (i) February 15, 2017, or (ii) the date upon which the Loan Restructuring (as hereinafter defined) is completed (the “Loan Restructuring Period”), Lender will not provide, and Borrower shall have no right to obtain, any further loans, advances or other extensions of credit under the Loan Documents.
Revolving Credit Facilities. The definition of "Revolving Credit Facilities" in Section 1.01 of the Credit Agreement is hereby amended to read in its entirety as follows:
Revolving Credit Facilities. 43 Section 2.1 Revolving Facility........................................................................43
Revolving Credit Facilities. *a)Subject to the terms and conditions hereof, the Lender agrees in its reasonable discretion to make revolving credit loans ("Revolver Advances") to the Borrower from time to time during the period commencing with and including the Closing Date and ending with the termination of this Agreement in an aggregate principal amount at any one time outstanding not to exceed the lesser of the Revolver Facility then in effect and the Revolver Borrowing Base then in effect. During the term of this Agreement the Borrower may use the Revolver Facility by borrowing, prepaying the Revolver Advances in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Revolver Advances may from time to time be (i) LIBOR Loans, (ii) ABR Rate Loans or (iii) a combination thereof, as determined by the Borrower and notified to the Lender in accordance with Sections 2.2, 3.1 and 3.14, PROVIDED that no Revolver Advances shall be made as a LIBOR Loan after the day that is one month prior to the Termination Date.
Revolving Credit Facilities. (a) As of the date hereof, subject to the terms and conditions in this Agreement, the Lender has established in favor of the Borrower revolving credit facilities (the"Revolver") in the aggregate principal amount of Thirty Million Dollars $30,000,000 (the "Commitment", which shall expire on March 31, 2002 (the "Expiration Date"). During the Revolving Period and within the limits of the aggregate Commitment, the Borrower may borrow, repay and reborrow under this SECTION 1.01.
Revolving Credit Facilities. Subject to the terms of this Agreement, the Lenders make available to the Borrowers:
