Common use of Commitment for Advances Clause in Contracts

Commitment for Advances. Bank agrees, upon and subject to the terms and conditions hereinafter set forth, to make Advances on revolving basis from time to time during the period from the Agreement Date to (but excluding) the Commitment Termination Date. Each Advance shall be the amount of $250,000.00 or integral multiples of $100,000.00 above that amount.

Appears in 2 contracts

Sources: Credit Agreement, Credit Agreement (Ark Restaurants Corp)

Commitment for Advances. Bank agrees, upon and subject to the terms and conditions hereinafter set forth, to make Advances on revolving basis from time to time during the period from the Agreement Date to (but excludingand including) the Commitment Termination Date. Each Advance shall be the amount of $250,000.00 or integral multiples of $100,000.00 above that amount.

Appears in 1 contract

Sources: Credit Agreement (Ark Restaurants Corp)