Common use of Committed Line of Credit Clause in Contracts

Committed Line of Credit. A committed revolving line of credit under which the Borrower may request and the Bank, subject to the terms and conditions of this Agreement, will make advances to the Borrower from time to time until the Expiration Date, in an amount in the aggregate at any time outstanding not to exceed $200,000,000.00 during the period from July 9, 2015 until the Expiration Date (the “Line of Credit”). The “Expiration Date” means December 18, 2018, or such later date as may be designated by the Bank by written notice to the Borrower. Advances under the Line of Credit will be used for working capital or other general business purposes of the Borrower.”

Appears in 2 contracts

Samples: Loan Documents, Loan Documents (Healthcare Services Group Inc)

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Committed Line of Credit. A committed revolving line of credit under which the Borrower may request and the Bank, subject to the terms and conditions of this Agreement, will make advances to the Borrower from time to time until the Expiration Date, in an amount in the aggregate at any time outstanding not to exceed $200,000,000.00 during the period from July 9, 2015 until the Expiration Date 3,000,000.00 (the “Line of Credit”). The “Expiration Date” means December 18June ___, 20182013, or such later date as may be designated by the Bank by written notice from the Bank to the Borrower. Advances under the Line of Credit will be used for working capital or other general business corporate purposes of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Brekford Corp.)

Committed Line of Credit. A committed revolving line of credit under which the Borrower may request and the Bank, subject to the terms and conditions of this Agreement, will make advances to the Borrower from time to time until the Expiration Date, in an aggregate principal amount in the aggregate at any time outstanding not to exceed $200,000,000.00 during the period from July 9, 2015 until the Expiration Date 3,000,000.00 (the “Line of Credit”). The “Expiration Date” means December 18January 10, 20182012, or such later date as may be designated by the Bank by written notice from the Bank to the Borrower. Advances under the Line of Credit will be used for working capital or other general business corporate purposes of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Northern Technologies International Corp)

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Committed Line of Credit. A committed revolving line of credit under which the Borrower may request and the Bank, subject to the terms and conditions of this Agreement, will make advances to the Borrower from time to time until the Expiration Date, in an amount in the aggregate at any time outstanding not to exceed $200,000,000.00 during the period from July 9, 2015 until the Expiration Date 125,000,000.00 (the “Line of Credit”). The “Expiration Date” means December 18, 2018, or such later date as may be designated by the Bank by written notice to the Borrower. Advances under the Line of Credit will be used for working capital or other general business purposes of the Borrower.

Appears in 1 contract

Samples: Loan Agreement (Healthcare Services Group Inc)

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