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 $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 ▇▇▇▇▇▇ 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 Facility A shall expire on June 30, 2000 unless earlier withdrawn.

Appears in 1 contract

Sources: Master Demand Business Loan Note (Alternate Marketing Networks Inc)

Facility A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $2,500,000.00 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 ▇▇▇▇▇▇ 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 Facility A shall expire on June 30August 31, 2000 1997 unless earlier withdrawn.

Appears in 1 contract

Sources: 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 $2,500,000.00 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 capital. Facility A shall expire on June 30February 28, 2000 1998 unless earlier withdrawn.

Appears in 1 contract

Sources: 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 $2,500,000.00 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 capital. Facility A shall expire on June 30July 1, 2000 1999 unless earlier withdrawn.

Appears in 1 contract

Sources: Credit Agreement (Made2manage Systems Inc)

Facility A. The Bank has approved an uncommitted Credit Authorization to the Borrower in the principal sum not to exceed $2,500,000.00 150,000.00 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 Working capital. Facility A shall expire on June 30August 31, 2000 1997 unless earlier withdrawn.

Appears in 1 contract

Sources: Credit Authorization Agreement (Interface Systems Inc)