Common use of Facility A Clause in Contracts

Facility A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $150,000.00 in the aggregate at any one time outstanding ("Facility A"). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes"). The proceeds of Facility A shall be used for the following purpose: Working capital. Facility A shall expire on August 31, 1997 unless earlier withdrawn.

Appears in 1 contract

Samples: Credit Authorization Agreement (Interface Systems Inc)

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Facility A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $150,000.00 2,500,000.00 in the aggregate at any one time outstanding ("Facility A"). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Xxxxxx Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes"). The proceeds of Facility A shall be used for the following purpose: Working working capital. Facility A shall expire on August 31June 30, 1997 2000 unless earlier withdrawn.

Appears in 1 contract

Samples: Alternate Marketing Networks Inc

Facility A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $150,000.00 3,500,000 in the aggregate at any one time outstanding ("Facility A"). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes"). The proceeds of Facility A shall be used for the following purpose: Working working capital. Facility A shall expire on August 31February 28, 1997 1998 unless earlier withdrawn.

Appears in 1 contract

Samples: Credit Authorization Agreement (Interface Systems Inc)

Facility A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $150,000.00 3,500,000.00 in the aggregate at any one time outstanding ("Facility A"). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Xxxxxx Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes"). The proceeds of Facility A shall be used for the following purpose: Working capital. Facility A shall expire on August 31, 1997 unless earlier withdrawn.

Appears in 1 contract

Samples: Credit Authorization Agreement (Interface Systems Inc)

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Facility A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $150,000.00 1,000,000.00 in the aggregate at any one time outstanding ("Facility A"). Credit under Facility A shall be in the form of disbursements evidenced by credits to the Borrower's account and shall be repayable as set forth in a Master Demand Business Loan Note executed concurrently (referred to in this agreement both singularly and together with any other promissory notes referenced in this Section 1 as the "Notes"). The proceeds of Facility A shall be used for the following purpose: Working working capital. Facility A shall expire on August 31July 1, 1997 1999 unless earlier withdrawn.

Appears in 1 contract

Samples: Credit Agreement (Made2manage Systems Inc)

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