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
Appears in 2 contracts
Sources: Loan Agreement (Extricity Inc), Loan Agreement (Extricity Inc)