The Credit Facilities. Section 2.1 The Revolving Credit Facility.
The Credit Facilities. The Lender agrees, pursuant to the terms and conditions of this Loan Agreement and the other Loan Documents (as defined below), to make a loan to the Borrower in a principal amount of up to One Hundred Thousand Dollars ($100,000) (the “Loan”). The Loan shall be evidenced by a Note (the “Note”) and shall be made in accordance with and subject to the terms and conditions of this Loan Agreement, the Note and the other Loan Documents.
The Credit Facilities. 1 Section 2.1 Term Loan Facility............................................ 1 Section 2.2 Revolving Loan Facility....................................... 3 Section 2.3 Interest...................................................... 6
The Credit Facilities. Subject to the terms and conditions hereof, each of the Lenders shall make available to the Borrower such Lender’s Rateable Portion of each Credit Facility. Subject to Section 2.17, the Outstanding Principal under a given Credit Facility shall not exceed the maximum principal amount of such Credit Facility.
The Credit Facilities. Subject to the terms of this Agreement, the Bank agrees to make available to the Borrower, with effect from the Commencement Date, Short Term Loans and On Call Credits in a total and aggregate principal amount of NIS 700,000,000 (seven hundred million New Israeli Shekels). Simultaneously with the signing of this Agreement the Borrower is signing the On Call Documents in the form of Schedule "A”. It is hereby clarified, that the terms and provisions set out in the On Call Documents are supplementary to the terms and provisions set out in this Agreement. Furthermore, it is hereby clarified that in case of contradiction between the terms and provisions of the On Call Documents and the terms and provisions of this Agreement - the terms and provisions of this Agreement shall prevail. In any other case, the terms and provisions set out in the On Call Documents will be supplementary to the terms and provisions set out in this Agreement.
The Credit Facilities. 10 Section 2.1 The Revolving Credit Facility. 10 2.1.1
The Credit Facilities. Section 2.1.
The Credit Facilities. 12 Section 2.1. The Revolving Credit.................................12 Section 2.2. The Term Credit......................................12 Section 2.3. Manner of Borrowing..................................13 SECTION 3. INTEREST.......................................................14 Section 3.1. Options..............................................14 Section 3.2. Base Rate Portion....................................14 Section 3.3. LIBOR Portions.......................................14
The Credit Facilities. SECTION 2.1 The Revolving Credit Facility............................ 36 2.1.1 Revolving Credit Facility................................ 36 2.1.2 Procedure for Making Advances Under the Revolving Loan; Lender Protection Loans............................ 37 2.1.3 Borrowing Base........................................... 38 2.1.4 Borrowing Base Report.................................... 40 2.1.5 Revolving Credit Notes................................... 41 2.1.6 Mandatory Prepayments of Revolving Loan.................. 41 2.1.7 Optional Prepayments of Revolving Loan................... 42 2.1.8 The Collateral Account................................... 42 2.1.9 Revolving Loan Account................................... 44 2.1.10 Revolving Credit Unused Line Fee......................... 44 2.1.11 Required Availability under the Revolving Credit Facility................................................. 45 SECTION 2.2 The Letter of Credit Facility............................ 45 2.2.1 Letters of Credit........................................ 45 2.2.2 Letter of Credit Fees.................................... 46 2.2.3 Terms of Letters of Credit; Post-Expiration Date Letters of Credit........................................ 47 2.2.4 Procedures for Letters of Credit......................... 48 2.2.5 Payments of Letters of Credit............................ 49 2.2.6 Change in Law; Increased Cost............................ 50 2.2.7 General Letter of Credit Provisions...................... 51 2.2.8 Participations in the Letters of Credit.................. 52 2.2.9 Payments by the Lenders to the Agent..................... 52
The Credit Facilities. (a) Subject to the terms of this Agreement, (i) the Canadian Lenders shall extend credit to the Canadian Borrower by way of the Canadian Revolving Facility; (ii) the Canadian Swingline Lender shall extend credit to the Canadian Borrower by way of the Canadian Swingline, (iii) the U.S. Lenders shall extend credit to the U.S. Borrowers by way of the U.S. Revolving Facility; and (iv) the U.S. Swingline Lender shall extend credit to the U.S. Borrower by way of the U.S. Swingline.
