Common use of DESCRIPTION OF EXISTING INDEBTEDNESS Clause in Contracts

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated September 18, 1998, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of Seven Million Five Hundred Thousand Dollars ($7,500,000) and a Term Loan in the original principal amount of One Million One Hundred Thousand Dollars ($1,100,000). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."

Appears in 1 contract

Sources: Loan and Security Agreement (Quintus Corp)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant toto a loan arrangement dated as of March 26, 1998, evidenced by, among other documents, a certain Loan and Security Agreement, Agreement dated September 18as of March 26, 1998, as may be amended from time to timeby certain Loan Modification Agreements dated as of August 6, 1998 and December 9, 1998 (as amended, the "Loan Agreement"). The Loan Agreement provided for, among other things, established in favor of the Borrower a Committed Revolving Line revolving line of credit in the original maximum principal amount of Seven Two Million Five Hundred Thousand Dollars ($7,500,0002,000,000.00) and a Term Loan in (the original principal amount of One Million One Hundred Thousand Dollars ($1,100,000"Committed Revolving Line"). Defined Capitalized terms used but not otherwise defined herein shall have the same meanings meaning as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness"."

Appears in 1 contract

Sources: Loan Modification Agreement (Allaire Corp)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is or may be indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated September 18April 15, 19982005, as it may be amended from time to time, time (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of Seven One Million Five Hundred Thousand Dollars ($7,500,0001,000,000) and a Term Loan Committed Equipment Line in the original principal amount of One Two Million One Seven Hundred Fifty Thousand Dollars ($1,100,000)2,750,000) which was changed to $4,750,000 as of July 21, 2005. Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."

Appears in 1 contract

Sources: Loan and Security Agreement (Limelight Networks, Inc.)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness Obligations which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant toto a loan arrangement dated as of May 14, 1999, evidenced by, among other documents, a certain Loan and Security AgreementAgreement dated as of May 14, dated September 18, 19981999, as may be amended from time to timeby a certain First Loan Modification Agreement dated March 8, 2000 (as amended, the "Loan Agreement"). The Loan Agreement provided for, among other things, established a Committed Revolving Line working capital line of credit in favor of the Borrower in the original maximum principal amount of Seven Million Five Hundred Thousand Dollars ($7,500,0007,500,000.00) and a Term Loan in (the original principal amount of One Million One Hundred Thousand Dollars ($1,100,000"Committed Revolving Line"). Defined Capitalized terms used but not otherwise defined herein shall have the same meanings meaning as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "IndebtednessObligations"."

Appears in 1 contract

Sources: Loan Modification Agreement (Natural Microsystems Corp)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a an Amended and Restated Loan and Security Agreement, dated September 18February 16, 19982001, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Committed Revolving Letter of Credit Line in the original principal amount of Seven Million Five Hundred Thousand Dollars ($7,500,000) and a Term Loan Committed Equipment Line in the original principal amount of One Seven Million One Five Hundred Thousand Dollars ($1,100,0007,500,000). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."

Appears in 1 contract

Sources: Loan Modification Agreement (Inktomi Corp)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated September 18March 20, 1998, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of Seven Million Five Hundred Thousand Dollars ($7,500,000) and a Term Loan in the original principal amount of One Million One Five Hundred Thousand Dollars ($1,100,0001,500,000) (the "Revolving Facility") and an Equipment Committed Line in the original principal amount of Two Million Dollars ($2,000,000). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."

Appears in 1 contract

Sources: Loan and Security Agreement (Alteon Websystems Inc)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Second Amended and Restated Loan and Security Agreement, dated September 18December 2, 19981997, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of Seven Million Five Hundred Thousand Dollars ($7,500,000) and a Term Acquisition Loan in the original principal amount of One Million One Five Hundred Thousand Dollars ($1,100,0001,500,000) (the "Acquisition Loan") and a Committed Revolving Line in the original principal amount of One Million Five Hundred Thousand Dollars ($1,500,000) (the "Revolving Line"). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."

Appears in 1 contract

Sources: Loan and Security Agreement (Saleslogix Corp)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is or may be indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated September 18April 15, 19982005, as it may be amended from time to time, time (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of Seven One Million Five Hundred Thousand Dollars ($7,500,0001,000,000) and a Term Loan Committed Equipment Line in the original principal amount of One Two Million One Seven Hundred Fifty Thousand Dollars ($1,100,0002,750,000). Defined terms used but not otherwise defined herein shall have the same meanings as set forth in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."

Appears in 1 contract

Sources: Loan and Security Agreement (Limelight Networks, Inc.)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is in indebted to Bank pursuant to, among other documents, a an Amended and Restated Loan and Security Agreement, dated September 18June 19, 19981997, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Revolving Committed Revolving Line in the original principal amount of Seven Two Million Five Hundred Thousand and 00/100 Dollars ($7,500,0002,000,000.00) (the "Revolving Facility") and a Term Loan an Equipment Committed Line in the original principal amount of One Million One Five Hundred Thousand and 00/100 Dollars ($1,100,000500,000.00) (the "Equipment Facility"). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."

Appears in 1 contract

Sources: Loan Modification Agreement (Innerdyne Inc)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to BankLender, Borrower is indebted to Bank Lender pursuant to, among other documents, a Loan and Security Agreement, dated September 18July 10, 1998, 2003 (as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided provides for, among other things, a Committed Revolving Line in the original principal amount of Seven Two Million Five Hundred Thousand Dollars ($7,500,0002,500,000.00) (the “Revolving Facility”) and a Term Loan in the original principal amount of One Five Million One Hundred Thousand Dollars ($1,100,0005,000,000.00). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank Lender shall be referred to as the "Indebtedness."” Capitalized terms not otherwise defined in this First Amendment to Loan and Security Agreement shall have the meanings given to them in the Loan Agreement.

Appears in 1 contract

Sources: Loan and Security Agreement (Paradigm Genetics Inc)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated September 1819, 19981997, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of One Million Dollars ($1,000,000), an Equipment facility in the original principal amount of One Million Dollars ($1,000,000) and a Committed Equipment 2 Line in the original principal amount of Seven Million Five Hundred Fifty Thousand Dollars ($7,500,000) and a Term Loan in the original principal amount of One Million One Hundred Thousand Dollars ($1,100,000750,000). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."

Appears in 1 contract

Sources: Loan Modification Agreement (Accrue Software Inc)

DESCRIPTION OF EXISTING INDEBTEDNESS. Among other indebtedness which may be owing by Borrower to Bank, Borrower is indebted to Bank pursuant to, among other documents, a Loan and Security Agreement, dated September 18March 20, 1998, as may be amended from time to time, (the "Loan Agreement"). The Loan Agreement provided for, among other things, a Committed Revolving Line in the original principal amount of Seven Million Five Hundred Thousand Dollars ($7,500,000) and a Term Loan in the original principal amount of One Million One Five Hundred Thousand and 00/100 Dollars ($1,100,0001,500,000.00) (the "Revolving Facility") and an Equipment Committed Line in the original principal amount of Two Million and 00/100 Dollars ($2,000,000.00). Defined terms used but not otherwise defined herein shall have the same meanings as in the Loan Agreement. Hereinafter, all indebtedness owing by Borrower to Bank shall be referred to as the "Indebtedness."

Appears in 1 contract

Sources: Loan and Security Agreement (Alteon Websystems Inc)