Common use of Draw Period Clause in Contracts

Draw Period. Borrower may request from Lenders advances of funds (“Draws”) under the Credit Facility from the date of this Agreement until April 30, 2008 (the “Draw Period”). As amounts drawn by Borrower hereunder are repaid, they may be reborrowed subject to the terms and conditions of this Credit Agreement; provided, that at no time shall the aggregate principal amount of Loan outstanding under this Credit Agreement exceed the Maximum Loan Amount. The Draw Period may be terminated by Borrower at any time by written notice to Lenders. Subject to the terms and conditions of this Credit Agreement, and provided that no Event of Default has occurred, Lenders shall make advances to Borrower upon request as provided in this Section 2. Upon the occurrence of an Event of, one of Lenders’ remedies includes Lenders’ right to terminate the Draw Period and Borrower’s right to make Draws under this Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Biotime Inc), Credit Agreement (Biotime Inc)

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Draw Period. Borrower may request from Lenders Lender advances of funds ("Draws") under the Credit Facility from the date of this Agreement until April 30March 1, 2008 2003 (the "Draw Period"). As amounts drawn by Borrower hereunder are repaid, they may be reborrowed subject to the terms and conditions of this Credit Agreement; provided, that at no time shall the aggregate principal amount of Loan Loans outstanding under this Credit Agreement exceed the Maximum Loan Amount. The Draw Period may be terminated by Borrower at any time by written notice to LendersLender. Subject to the terms and conditions of this Credit Agreement, and provided that no Event of Default has occurred, Lenders Lender shall make advances to Borrower upon request as provided in this Section 2. Upon the occurrence of an Event of, one of Lenders’ Lender's remedies includes Lenders’ Lender's right to terminate the Draw Period and Borrower’s 's right to make Draws under this Credit Agreement.

Appears in 2 contracts

Samples: Credit Agreement (Greenway Partners L P), Credit Agreement (Biotime Inc)

Draw Period. Borrower may request from Lenders Lender advances of funds ("Draws") under the Credit Facility from the date of this Agreement until April 30March 1, 2008 2002 (the "Draw Period"). As amounts drawn by Borrower hereunder are repaid, they may be reborrowed subject to the terms and conditions of this Credit Agreement; provided, that at no time shall the aggregate principal amount of Loan Loans outstanding under this Credit Agreement exceed the Maximum Loan Amount. The Draw Period may be terminated by Borrower at any time by written notice to LendersLender. Subject to the terms and conditions of this Credit Agreement, and provided that no Event of Default has occurred, Lenders Lender shall make advances to Borrower upon request as provided in this Section 2. Upon the occurrence of an Event of, one of Lenders’ Lender's remedies includes Lenders’ Lender's right to terminate the Draw Period and Borrower’s 's right to make Draws under this Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Greenway Partners L P)

Draw Period. Borrower may request from Lenders Lender advances of funds (“Draws”) under the Credit Facility from the date of this Agreement until April 30March 1, 2008 2002 (the “Draw Period”). As amounts drawn by Borrower hereunder are repaid, they may be reborrowed subject to the terms and conditions of this Credit Agreement; provided, that at no time shall the aggregate principal amount of Loan Loans outstanding under this Credit Agreement exceed the Maximum Loan Amount. The Draw Period may be terminated by Borrower at any time by written notice to LendersLender. Subject to the terms and conditions of this Credit Agreement, and provided that no Event of Default has occurred, Lenders Lender shall make advances to Borrower upon request as provided in this Section 2. Upon the occurrence of an Event of, one of Lenders’ Lender’s remedies includes Lenders’ Lender’s right to terminate the Draw Period and Borrower’s right to make Draws under this Credit Agreement.. 1.2.3

Appears in 1 contract

Samples: Line of Credit Agreement (Biotime Inc)

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Draw Period. Borrower may request from Lenders advances of funds (“Draws”) under the Credit Facility from the date of this Agreement until April 30November 15, 2008 (the “Draw Period”). As amounts drawn by Borrower hereunder are repaid, they may be reborrowed subject to the terms and conditions of this Credit Agreement; provided, that at no time shall the aggregate principal amount of Loan outstanding under this Credit Agreement exceed the Maximum Loan Amount. The Draw Period may be terminated by Borrower at any time by written notice to Lenders. Subject to the terms and conditions of this Credit Agreement, and provided that no Event of Default has occurred, Lenders shall make advances to Borrower upon request as provided in this Section 2. Upon the occurrence of an Event ofof Default, one of Lenders’ remedies includes Lenders’ right to terminate the Draw Period and Borrower’s right to make Draws under this Credit Agreement.

Appears in 1 contract

Samples: Credit Agreement (Biotime Inc)

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