Financial Accommodations. Bank, SIGNATURE and Merchant intend this Agreement to be construed as a contract to extend financial accommodations for the benefit of Merchant.
Financial Accommodations. The Agreement applies to all commercial loans and other financial accommodations now or hereafter extended by Lender to Borrower, including but without limitation those described below in detail: - $6,000,000.00 Revolving Line of Credit. Subject to the terms of the Agreement, Lender agrees to make loans to Borrower under a revolving line of credit as follows:
Financial Accommodations. Upon the terms and conditions of this Agreement, Lender shall, from time to time upon request by Borrower, issue Letters of Credit and Banker's Acceptances for the account of Borrower provided that (i) the maximum undrawn face amount of all Letters of Credit and Banker's Acceptances outstanding at any time (including the amount of the requested Letter of Credit or Banker's Acceptance) shall not exceed $3,000,000, (ii) Borrower would be entitled to an advance under SECTION 2.1 in the amount of the requested Letter of Credit or Banker's Acceptance, (iii) the Letter of Credit or Banker's Acceptance is for a business purpose, and (iv) any Letter of Credit or Banker's Acceptance issued hereunder shall terminate on or before the Termination Date. As a condition to the issuance of any Letter of Credit, Borrower shall execute and deliver to Lender its customary Letter of Credit application and shall pay to Lender upon issuance of such Letter of Credit, in addition to clerical issuance and transaction costs charged by Lender, a Letter of Credit fee in an amount equal to ONE AND ONE-HALF PERCENT (1.5%) PER ANNUM of the unfunded face amount of each Letter of Credit. As a condition to the issuance of any Banker's Acceptance, Borrower shall execute and deliver to Lender such documents as Lender may request and pay to Lender upon the issuance of such Banker's Acceptance, in addition to clerical issuance and transaction costs charged by Lender, a Banker's Acceptance fee in the amount required by Lender. Each Letter of Credit and Banker's Acceptance shall be issued in a form satisfactory to Lender.
Financial Accommodations. Omega Acquisition Facility I, LLC, a Delaware limited liability company ("Initial Borrower"), Agent and Lenders are concurrently herewith entering into that certain Loan Agreement (the "Loan Agreement") dated as of even date herewith pursuant to which Lenders shall extend financial accommodations to Borrowers (as defined therein).
Financial Accommodations. Except as expressly set forth in the Note Purchase Agreements, no Beneficiary is obligated to give or to continue any financial accommodations to the Company, the Guarantor or any of the Company's other Subsidiaries or to change or extend the time of payment of, or renew or alter, any liability of the Company, the Guarantor or any of the Company's other Subsidiaries, any security therefor or any liability incurred directly or indirectly in respect thereof.
Financial Accommodations. The Purchasers shall use commercially reasonable efforts to arrange for International to obtain (a) such financing as shall be required for International to (i) satisfy its obligations in respect of the Change of Control Offer and (ii) make such capital expenditures and investments and consummate such acquisitions as shall be approved by International's Board of Directors and stockholders and (b) an increase of $10,000,000 in its existing line of credit from Congress Financial Corporation (Central) and CoreStates Bank N.A.
Financial Accommodations. Set forth on Schedule IV is a list as ------------------------ of the date hereof of all agreements or other instruments and the principal amount thereof to be included as Financial Accommodations.
Financial Accommodations. KORTA, the ISO and the Merchant intend this Agreement to be construed as a contract to extend financial accommodations for the benefit of the Merchant.