Amount and Terms of Loans Sample Clauses
Amount and Terms of Loans. Pursuant to the terms of this Agreement, Lender shall make Loans to the Company, upon its request and within three (3) business days of such request, which in the aggregate do not exceed Four Hundred Fifty Thousand and 00/100 Dollars ($450,000.00). The Loans and each of them shall be made upon the following terms and conditions:
(a) The maximum aggregate principal amount of the Loans shall be in the amount of Four Hundred Fifty Thousand and 00/100 Dollars ($450,000.00), and shall be evidenced by a promissory grid note (the "Note") with appropriate insertions of names, dates and amounts. The Loans shall bear interest at a rate per annum equal to ten percent (10.00%). Interest shall be charged on the principal balance from time to time outstanding on the basis of the actual number of days elapsed computed on the basis of a three hundred sixty (360) day year. Interest shall be due and payable, in arrears on the Maturity Date (as hereinafter defined);
(b) The Loans made by Lender to the Company pursuant to this Paragraph 2 shall be recorded in an account on the books of Lender bearing the Company's name (the "Company's Account"). There shall also be recorded in the Company's Account all payments made by the Company on the Loans and interest accrued thereon.
(c) The outstanding principal amount owed hereunder, together with all accrued but unpaid interest thereon, shall be due and payable in full on the earlier of (i) the closing of an initial public offering of the Company's securities and (ii) March 3, 2002 (the "Maturity Date");
(d) Maker shall have the right to prepay the outstanding principal amount of this Note, in whole or in part at any time.
(e) The provisions of this Paragraph 2 shall continue in effect until the Maturity Date, PROVIDED, HOWEVER, that Lender's obligations to advance Loans to the Company pursuant to the provisions of this Paragraph 2 shall cease upon the occurrence of an Event of Default (as defined in Paragraph 3 hereof) until such time as said Event of Default is cured.
Amount and Terms of Loans. 18 Section 2.1 Commitment and Loans.....................................................
Amount and Terms of Loans. 17 2.1 Revolving Credit Commitments....................................17 2.2 Procedure for Revolving Credit Borrowing........................17 2.3 The Bid Loans...................................................18 2.4 Repayment of Loans; Evidence of Debt............................20 2.5 Optional Termination or Reduction of Commitments................21 2.6
Amount and Terms of Loans. 25 2.1. Revolving Credit Loans ........................................................................ 25 2.2. Minimum Amount of Each Borrowing .............................................................. 26 2.3. Borrowing Request - Revolving Credit Loans .................................................... 27 2.4. Bid Loans; Procedure .......................................................................... 27 2.5.
Amount and Terms of Loans. 20 2.1 Loans.........................................................20 2.2 Notes.........................................................21 2.3
Amount and Terms of Loans. 21 2.1Revolving Credit Loans 21 2.2Swing Line Loans 21 2.3Notice of Borrowing Revolving Credit Loans and Swing Line Loans 23 2.4Competitive Bid Loans and Procedure 24 2.5Use of Proceeds 26 2.6Termination, Reduction or Increase of Commitments 26 2.7Prepayments of Loans 28 2.8Letter of Credit Sub‑facility 29 2.9Letter of Credit Participation 30
Amount and Terms of Loans. 2.1 Revolving Credit Loans; Conversion of RFC Loans to Tranche B Revolving Credit Loans.
(a) Subject to the terms and conditions hereof, each Bank having a Tranche A Commitment severally agrees to make loans ("Tranche A Revolving Credit Loans") to the Company from time to time during the Commitment Period in an aggregate principal amount at any one time outstanding which does not exceed the Tranche A Commitment of such Bank, provided that the Aggregate Outstanding Extensions of Credit of all Banks shall not at any time exceed (i) prior to the Transition Date, the aggregate amount of the Tranche A Commitments or (ii) from and after the Transition Date, the aggregate amount of the Commitments. During the Commitment Period the Company may use the Tranche A Commitments by borrowing, prepaying the Tranche A Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Tranche A Revolving Credit Loans may be (i) Eurodollar Loans, (ii) Alternate Base Rate Loans or (iii) a combination thereof, as determined by the Company and notified to the Agent in accordance with subsection 2.1(c). Eurodollar Loans shall be made and maintained by each Bank at its Eurodollar Lending Office, and Alternate Base Rate Loans shall be made and maintained by each Bank at its Domestic Lending Office.
(b) Subject to the terms and conditions hereof, each Bank having a Tranche B Commitment severally agrees to make loans ("Tranche B Revolving Credit Loans") to the Company from time to time during the Commitment Period (but in any event not prior to the Transition Date) in an aggregate principal amount at any one time outstanding which does not exceed the Tranche B Commitment of such Bank, provided that the Aggregate Outstanding Extensions of Credit of all Banks shall not at any time exceed (i) prior to the Transition Date, the aggregate amount of the Tranche A Commitments or (ii) from and after the Transition Date, the aggregate amount of the Commitments. During the Commitment Period the Company may use the Tranche B Commitments by borrowing, prepaying the Tranche B Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. The Tranche B Revolving Credit Loans may be (i) Eurodollar Loans, (ii) Alternate Base Rate Loans or (iii) a combination thereof, as determined by the Company and notified to the Agent in accordance with subsection 2.1(c). Eurodollar Loans shall be made and...
Amount and Terms of Loans. Subject to the Regulatory Limitation, and the terms and conditions hereof and so long as no Event of Default (as defined herein) has occurred and is continuing, the Lender agrees to make revolving credit loans (the "Loans") to the Borrower from time to time during the period from the date on which all of the conditions set forth in Section 6 hereof have been satisfied through but not including the Maturity Date (as defined in the Note) in an aggregate principal amount not to exceed $2,100,000,000 outstanding at any time. The Loans shall be evidenced by a promissory note (the "Note") of the Borrower, substantially in the form of Exhibit A, to be executed and delivered to the Lender on or before the date of funding the first Loan (the "Initial Loan Date"). The Borrower hereby unconditionally promises to pay to the Lender on the Maturity Date the then unpaid principal amount of the Loans outstanding, together with any accrued and unpaid interest. The Borrower hereby further agrees to pay interest on the unpaid principal amount of the Loans from time to time outstanding from the Initial Loan Date until payment in full thereof at the rates, and on the dates, set forth in the Note. The Loans may be borrowed on any Business Day upon notice to the Lender prior to 3:00 p.m. New York City time on the date of such borrowing (which notice shall be accompanied by such information as shall be reasonably requested by the Lender) and may be prepaid at any time without premium or penalty.
Amount and Terms of Loans. 34 2.1 Loans; Letters of Credit...........................................34 2.2
Amount and Terms of Loans. Section 2.1 Loans and Commitments................................ 38 Section 2.2 Borrowing Requests................................... 40 Section 2.3 Letters of Credit.................................... 40 Section 2.4