Common use of Acceptances Clause in Contracts

Acceptances. This line of credit up to a maximum face value outstanding of Five Million and 00/100 Dollars ($5,000,000.00) may be used for financing acceptance transactions for a maximum tenor of one hundred eighty (180) days but not to extend beyond the Facility No. 1

Appears in 1 contract

Sources: Loan Agreement (K Swiss Inc)

Acceptances. This line of credit up to a maximum face value outstanding of Five Fifteen Million and 00/100 Dollars ($5,000,000.0015,000,000.00) may be used for financing acceptance transactions for a maximum tenor of one hundred eighty (180) days but not to extend beyond the Facility No. 1

Appears in 1 contract

Sources: Loan Agreement (K Swiss Inc)

Acceptances. This line of credit up to a maximum face value outstanding of Five Million and 00/100 Dollars ($5,000,000.00) may be used for financing acceptance transactions in U.S. Dollars for a maximum tenor of one hundred eighty (180) days but not to extend beyond the Facility No. 1

Appears in 1 contract

Sources: Loan Agreement (K Swiss Inc)