Line of Credit Sample Clauses

Line of Credit. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including April 2, 2015, not to exceed at any time the aggregate principal amount of One Million Five Hundred Thousand Dollars ($1,500,000.00) (“Line of Credit”), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower’s obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of May 1, 2012 (“Line of Credit Note”), all terms of which are incorporated herein by this reference.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender;

Line of Credit. Subject to the term and conditions of this Agreement, -------------- Bank hereby agrees to make advances to Borrower from time to time up to and including May 31, 2000, not to exceed .at any time the aggregate principal amount of Three Million Dollars ($3,000,000.00) ("Line of Credit"), the proceeds of which shall be used solely to finance Borrower's working capital requirements. Borrower's obligation to repay advances under the Line of Credit shall be evidenced by a promissory note substantially in the form of Exhibit A attached hereto ("Line of Credit Note"), all terms of which are incorporated herein by this reference.

Line of Credit. (a) Lenders will establish for Borrower for and during the period from the date hereof and until the Expiration Date, subject to the terms and conditions hereof, a revolving line of credit (the “Line”) pursuant to which Lenders will from time to time make Loans to Borrower in an aggregate outstanding principal amount not to exceed at any time the Committed Amount. Each Lender severally agrees to make Loans to Borrower from time to time in an amount equal to such Lender’s Commitment Percentage of the advance under the Line requested by Borrower and in an aggregate principal amount up to its Commitment Percentage of the Committed Amount; provided, however, that (i) with regard to each Lender individually, the aggregate principal amount of such Lender’s Commitment Percentage of Loans plus Letter of Credit Obligations shall not exceed such Lender’s Commitment Percentage of the Committed Amount and (ii) with regard to the Lenders collectively, the aggregate principal amount of Loans plus Letter of Credit Obligations shall not exceed the Committed Amount. Neither Agent nor any other Lender shall be obligated to advance the share of any other Lender. Agent shall not be required to make the full amount of any requested advance unless and until it receives funds representing each other Lender’s Commitment Percentage of such requested advance, but Agent shall advance to Borrower that portion of the requested advance equal to the Commitment Percentages of such requested advance which it has received from Lenders. Within the limits of the Line, Borrower may borrow, repay and re-borrow under the Line. The Line shall be subject to all terms and conditions set forth in all of the Loan Documents, which terms and conditions are incorporated herein. (b) The obligations to repay the Loans and to pay interest thereon shall be evidenced by a promissory note of Borrower to Agent in substantially the form of Exhibit A attached hereto (“Line Note”). In the event a Lender requests a separate promissory note of Borrower representing such Lender’s Commitment, Borrower hereby agrees to execute and deliver to such Lender a separate Line Note substantially in the form of Exhibit A attached hereto, payable to the order of such Lender in a principal amount equal to such Lender’s Commitment and representing the obligations of Borrower to pay such Lender the amount of such Lender’s Commitment or, if less, the aggregate unpaid principal amount of all Loans made by such Lender hereunder, plu...

Line of Credit. This Agreement evidences a revolving line of credit. Advances under this Agreement, as well as directions for payment from Borrower's accounts, may be requested orally or in writing by Borrower or by an authorized person. Lender may, but need not, require that all oral requests be confirmed in writing. Borrower agrees to be liable for all sums either: (a) advanced in accordance with the instructions of an authorized person or (b) credited to any of Borrower's accounts with Lender. The unpaid principal balance owing on this Agreement at any time may be evidenced by endorsements on this Agreement or by Lender's internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Agreement if: (a) Borrower or any guarantor is in default under the terms of this Agreement or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Agreement; (

Line of Credit. Lender hereby establishes for a period extending to December 31, 2003 (the "MATURITY DATE") a revolving line of credit (the "CREDIT LINE") for Borrower in the principal amount of Five Hundred Thousand Dollars ($500,000.00) (the "CREDIT LIMIT"). In connection herewith, Borrower shall execute and deliver to Lender a Promissory Note in the amount of the Credit Limit and in form and content satisfactory to Lender. All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "ADVANCE") shall become part of the principal of said Promissory Note.

Line of Credit. This Note evidences a revolving line of credit. Advances under this Note may be requested only in writing by ▇▇▇▇▇▇▇▇ or as provided in this paragraph. All communications, instructions, or directions by telephone or otherwise to Lender are to be directed to ▇▇▇▇▇▇'s office shown above. The following person currently is authorized, except as provided in this paragraph, to request advances and authorize payments under the line of credit until ▇▇▇▇▇▇ receives from Borrower, at ▇▇▇▇▇▇'s address shown above, written notice of revocation of his or her authority: Authorized Signer . Any authorized officer may request advances. ▇▇▇▇▇▇▇▇ agrees to be liable for all sums either: (A) advanced in accordance with the instructions of an authorized person or (B) credited to any of ▇▇▇▇▇▇▇▇'s accounts with ▇▇▇▇▇▇. The unpaid principal balance owing on this Note at any time may be evidenced by endorsements on this Note or by ▇▇▇▇▇▇'s internal records, including daily computer print-outs. Lender will have no obligation to advance funds under this Note if: (A) Borrower or any guarantor is in default under the terms of this Note or any agreement that Borrower or any guarantor has with Lender, including any agreement made in connection with the signing of this Note; (B) Borrower or any guarantor ceases doing business or is insolvent; (C) any guarantor seeks, claims or otherwise attempts to limit, modify or revoke such guarantor's guarantee of this Note or any other loan with Lender; (D) Borrower has applied funds provided pursuant to this Note for purposes other than those authorized by Lender; or (E) Lender in good faith believes itself insecure. MATURITY DATE. This line of credit matures on March 31, 2003 and annually thereafter. The line of credit may be renewed and the credit limit expiration date/maturity date extended at the discretion of the lender upon receipt of the year end financial statements.

Line of Credit. ▇▇▇▇▇▇▇▇'s Note shall be considered for all purposes as a "master note" and shall evidence any and all Loan Advances made by ▇▇▇▇▇▇ to Borrower from time to time on a self-replenishing line of credit basis. Loan Advances under ▇▇▇▇▇▇▇▇'s Note may be requested orally or in writing. Lender may, but need not, require that all oral requests be confirmed in writing. ▇▇▇▇▇▇▇▇ agrees to be liable for all sums advanced by ▇▇▇▇▇▇ under ▇▇▇▇▇▇▇▇'s Loan and Note in accordance with the instructions of any officer or other representative of Borrower or credited to ▇▇▇▇▇▇▇▇'s deposit account(s) with ▇▇▇▇▇▇. ▇▇▇▇▇▇▇▇ additionally agrees that the unpaid principal balance outstanding under Borrower's Loan and Note shall at all times be evidenced by endorsements on the Note, or alternatively, by ▇▇▇▇▇▇'s internal records, including ▇▇▇▇▇▇'s daily computer print-out. Borrower additionally agrees that Lender may, within its sole judgment, refuse to extend Loan Advances to Borrower whenever Lender determines or has reason to believe that any one or more of the following conditions exists or will occur: (a) the amount of the requested Loan Advance will result in Borrower exceeding its maximum line of credit; (b) Borrower is not complying or has not complied with ▇▇▇▇▇▇'s procedures and additional requirements for requesting Loan Advances; (c) ▇▇▇▇▇▇▇▇ has failed to provide Lender with satisfactory documentation to support the requested Loan Advance; (d) ▇▇▇▇▇▇ has reason to believe that Borrower is not presently complying, or has not complied with the terms and conditions of this Agreement, or has committed or is in the process of committing an Event of Default hereunder or under any Security Agreement directly or indirectly securing repayment of Borrower's Loan and Note; or (e) Lender deems itself to be insecure with regard to the repayment of ▇▇▇▇▇▇▇▇'s Loan and Note. Lender shall have no obligation or liability to Borrower or to any other person or persons arising out of or in any way accruing from ▇▇▇▇▇▇'s reasonable refusal to extend Loan Advances to Borrower for any of the reasons stated above.

Line of Credit. Subject to the terms and conditions of this Agreement, Bank hereby agrees to make advances to Borrower from time to time up to and including June 30, 2017, not to exceed at any time the aggregate principal amount of Ten Million Dollars ($10,000,000.00) ("Line of Credit"), the proceeds of which shall be used to finance Borrower’s working capital requirements. Borrower's obligation to repay advances under the Line of Credit shall be evidenced by a promissory note dated as of June 30, 2016, as modified from time to time ("Line of Credit Note"), all terms of which are incorporated herein by this reference.