Facility A Loans Sample Clauses

The 'Facility A Loans' clause defines the terms and conditions governing a specific tranche or category of loans provided under a broader financing agreement. It typically outlines the amount available, the purpose of the loans, eligibility criteria for drawing funds, repayment schedules, and applicable interest rates. For example, Facility A might be designated for working capital needs, with separate drawdown procedures and repayment terms compared to other facilities in the agreement. This clause ensures clarity by distinguishing the rights and obligations related to Facility A, helping both lender and borrower manage expectations and compliance for this particular loan segment.
Facility A Loans. The amount of each Facility-A Loan made by Bank to Borrower hereunder shall be debited to the loan ledger account of Borrower maintained by Bank for the Facility-A Commitment (herein called the "Facility-A Loan Account") and Bank shall credit the Facility-A Loan Account with all loan repayments in respect thereof made by Borrower. When Borrower desires to obtain a Facility-A Loan, Borrower shall notify Bank (which notice shall be signed by an officer of Borrower and shall be irrevocable) in accordance with SECTION 2 hereof, to be received no later than 3:00 p.m. Pacific time one (1) Banking Day (as hereinafter defined) before the day on which the Facility-A Loan is to be made. Facility-A Loans may only be used for working capital purposes and the issuance of letters of credits.
Facility A Loans. In addition to any Mandatory Prepayments required by Section 2.07, on the Facility A Termination Date the Borrower shall repay the outstanding aggregate principal and accrued and unpaid interest under the Facility A Notes.
Facility A Loans. Each Facility A Loan may only be used for the short term liquidity requirements of the Group.
Facility A Loans. Subject to the terms and conditions hereof and relying upon the representations and warranties herein set forth, each Facility A Lender severally agrees to make Facility A Loans to the Borrower at any time or from time to time on or after the date hereof to the Expiration Date; provided that after giving effect to each such Loan (i) the aggregate amount of Facility A Loans from such Lender shall not exceed such Lender's Facility A Commitment minus such Lender's Facility A Percentage of the Letter of Credit Obligations and outstanding Swing Loans, (ii) the aggregate amount of the Revolving Credit Loans from such Lender shall not exceed such Lender's Revolving Credit Commitment minus such Lender's Ratable Share of the outstanding Swing Loans and Letter of Credit Obligations, and (iii) the Revolving Facility Usage shall not exceed the Revolving Credit Commitments. Within such limits of time and amount and subject to the other provisions of this Agreement, the Borrower may borrow, repay and reborrow pursuant to this Section 2.1.
Facility A Loans. Facility-A Loans may only be used to purchase or reimburse the cost of acquiring equipment purchased by Borrower after April 1, 1997 or (b) purchase or reimburse the cost of acquiring software or furniture purchased by Borrower. The amount of each Facility-A Loan made by Bank to Borrower hereunder shall be debited to the loan ledger account of Borrower maintained by Bank for the Facility-A Commitment (herein called the "Facility-A Loan Account") and Bank shall credit the Facility-A Loan Account with all loan repayments in respect thereof made by Borrower. When Borrower desires to obtain a Facility-A Loan, Borrower shall notify Bank (which notice shall be signed by an officer of Borrower and shall be
Facility A Loans. The Borrower shall pay to the Agent for ---------------- the account of each Lender on the Facility A Commitment Termination Date the aggregate principal amount of Facility A Loans and Swing Loans outstanding on such date, together with all accrued and unpaid interest thereon.
Facility A Loans. Each Lender severally agrees, on the terms and conditions of this Agreement, to make loans to the Borrower during the period from and including (i) the Closing Date or (ii) such later date that such Lender becomes a party to this Agreement as provided in Section 12.06(b), to and up to, but excluding, the Facility A Termination Date in an aggregate principal amount at any one time outstanding up to, but not exceeding, the amount of such Lender's Facility A Commitment as then in effect; provided, however, that the aggregate principal amount of all such Loans by all Lenders hereunder at any one time outstanding together with the LC Exposure shall not exceed the Aggregate Facility A Commitments. Subject to the terms of this Agreement, during the period from the Closing Date to and up to, but excluding, the Facility A Termination Date, the Borrower may borrow, repay and reborrow the amount described in this Section 2.01(a).
Facility A Loans. Subject to the terms and conditions hereof, the Lender agrees to make one or more loans to the Borrowers (herein called the "Facility A Loans"), upon Borrowers' request, provided that such requests occur during the Facility A Commitment Period, and the aggregate amount of Facility A Loans made by Lender, after giving effect to such requested loan does not exceed the Facility A Maximum Credit Amount. The obligation of the Borrowers to repay to the Lender the aggregate amount of all Facility A Loans made by the Lender, together with interest accruing in connection therewith, shall be evidenced by a single promissory note (herein called the "Facility A Note") by the Borrowers payable to the order of the Lender in the form of Exhibit A-1 with appropriate insertions. The amount of principal owing on the Facility A Note at any given time shall be the aggregate amount of all Facility A Loans theretofore made by the Lender minus all payments of principal theretofore received by the Lender on the Facility A Note. Interest on the Facility A Note shall accrue and be due and payable as provided herein. The Facility A Note shall be due and payable as provided herein, and shall be due and payable in full on Facility A Maturity Date. Subject to the terms and conditions hereof, Borrower may borrow, repay and reborrow hereunder. Borrowers shall have the right and option to extend the Facility A Maturity Date to August 15, 2011 (the "Extension Period"), subject to the conditions that: (i) Borrowers shall have notified the Lender in writing of their exercise of such extension at least thirty (30) days prior to the then applicable Facility A Maturity Date; (ii) on the date of such written notice and on the date of commencement of the Extension Period, there shall exist no Default; and (iii) at or before the commencement of the Extension Period, Borrowers shall have executed such documents as the Lender deems reasonably appropriate to evidence such extension. During the Extension Period, interest will continue to accrue as set forth in Section 2.4 and payments of principal and interest will continue to be due and payable in accordance with Section 2.4.
Facility A Loans. The Borrower shall pay to the Agent for the account of each Lender (including, as applicable, the Swing Line Lender) on the Facility A Commitment Termination Date the aggregate principal amount of Facility A Loans and Swing Line Loans outstanding on such date, together with all accrued and unpaid interest thereon.
Facility A Loans. Section 2.1(a) of the Original Agreement is hereby amended and restated in its entirety to read as follows: