Line of Credit Loan. The Bank hereby extends to the Borrower a revolving line of credit loan (the “Line of Credit Loan”) in the principal amount not to exceed $6,000,000.00 to be evidenced by a Promissory Note (Line of Credit) of even date herewith (“Maximum Amount”), and all renewals, amendments, extensions and restatements thereof, executed by Borrower (the “Line of Credit Note”).
Line of Credit Loan. (a) Subject to and upon the terms and conditions of this Agreement and so long as no Event of Default has occurred, up to the Advance Expiration Date (defined below), Bank will make a revolving line of credit loan (“Line of Credit”) to Borrower. The Line of Credit shall not exceed Twenty-Five Million Dollars ($25,000,000) (the “Maximum Loan Amount”).
Line of Credit Loan. (a) Line of Credit Loan. Subject to the terms and conditions of this Agreement until January 31, 2003, Lender hereby agrees to make one or more loans (each such advance a "Loan" and collectively the "Loans") to Borrower in an aggregate principal amount not to exceed Ten Million Dollars ($10,000,000) (the "Commitment"), the proceeds of which shall be funded directly into and held in the Sponsor Escrow Account pursuant to the Sponsor Escrow Agreement. Borrower's obligation to repay the Loans shall be evidenced by a promissory note substantially in the form of Exhibit A attached hereto (as same may be amended, renewed, assigned in whole or in part, collectively, the "Note"), all terms of which are incorporated herein by this reference. After the earlier of (i) Phase One Completion Date and (ii) January 31, 2003, Lender shall have no obligation to make any additional Loans to Borrower.
Line of Credit Loan. Line of Credit Loan" or "Line of Credit" shall mean the term loan as evidenced by this Agreement, the Line of Credit Loan Note and other related loan documents executed in connection with this Agreement and any and all replacements, amendments, extensions and renewals thereof and as further defined in Article II of this Agreement.
Line of Credit Loan. Provided the Existing Sun Loans are paid in full prior to or contemporaneous with the execution of this Agreement, and that no Event of Default exists and no Event of Default will be caused by any draw under the Loan, Lender agrees to loan to Borrowers, from time to time up to the Note Amount (as described above), in increments determined at Lender's discretion and in accordance with the terms of the Second Amended and Restated Promissory Note dated February 1, 2002 made by Borrowers in connection with the Loan and attached to this Agreement as EXHIBIT A. The Second Amended Note shall replace the First Amended Promissory Note dated January 1, 2002 executed by Origen Inc. in connection with the Original Loan Agreement. Notwithstanding anything to the contrary herein, Lender's obligation to make any advance to Borrower under the Loan shall automatically: (a) cease and terminate upon the maturity date stated in the Second Amended Note; and (b) suspend upon any earlier occurrence of an Event of Default unless and until waived by Lender in writing.
Line of Credit Loan. Provided that no Event of Default exists and no Event of Default will be caused by any draw under the Loan, Lender agrees to loan to Borrower, from time to time up to the Note Amount (as described above), in increments determined at Lender's discretion and in accordance with the terms of the Sixth Amended and Restated Promissory Note of even date herewith made by Borrower in connection with the Loan and attached to this Agreement as EXHIBIT A. The Sixth Amended Note shall replace the Fifth Amended and Restated Promissory Note dated August 12, 2002 executed by Borrower in connection with the Original Loan Agreement. Notwithstanding anything to the contrary herein, Lender's obligation to make any advance to Borrower under the Loan shall automatically: (a) cease and terminate upon the maturity date stated in the Sixth Amended Note; and (b) suspend upon any earlier occurrence of an Event of Default unless and until waived by Lender in writing.
Line of Credit Loan. Subject to the terms of this Agreement, the Bank shall make available and/or extend to the Borrower, commencing on the date that the Bank and Obligors execute and deliver to Bank all of the documents and instruments required by the terms of this Agreement and the closing of transactions contemplated by this Agreement on the Closing Date, a revolving Line of Credit Facility (the "Line of Credit") in the maximum aggregate principal amount of One Million and No/100 Dollars ($1,000,000.00) (the "Line of Credit Commitment"), upon the terms and conditions and in reliance upon the representations and warranties of the Obligors as set forth in this Agreement. Line of Credit Note. The Obligations of the Borrower to repay the aggregate outstanding principal under the Line of Credit and to pay accrued interest thereon together with all renewals, extensions, amendments, modifications, and restatements shall be evidenced by that certain Line of Credit Note, in form and substance satisfactory to the Bank, to be executed and delivered to the Bank concurrently with the execution and delivery of this Agreement (the "Line of Credit Note"). Advances Under the Line of Credit. At any time and from time to time during the period commencing on the Closing Date and ending on the Line of Credit Maturity Date, upon the request of the Borrower, the Bank shall provide to the Borrower a loan or loans (each an "Advance"), which shall be used by the Borrower for working capital. The Borrower may use the Line of Credit during the period referred to in the preceding sentence by borrowing, repaying and reborrowing in accordance with the terms of this Agreement; provided, however, that the aggregate outstanding principal under the Line of Credit at any time shall not exceed the Line of Credit Commitment.
Line of Credit Loan. If applicable, the Line of Credit Loan shall have been repaid to an outstanding principal amount of $40,000,000 or less.
Line of Credit Loan. (a) Tranche A Loans. Subject to the terms and conditions of this Agreement until January 31, 2003, each Lender hereby agrees severally and not jointly to make one or more loans (each such advance a "Tranche A Loan" and collectively the "Tranche A Loans") to Borrower in an aggregate principal amount not to exceed such Lender's Tranche A Commitment; provided, however, that the maximum aggregate principal amount of all Tranche A Loans outstanding shall not at any time exceed Ten Million Dollars ($10,000,000) (the "Aggregate Tranche A Commitment"). The proceeds of such Tranche A Loans shall be funded directly into and held in the Sponsor Escrow Account pursuant to the Sponsor Escrow Agreement. After the earlier of (i) Phase One Completion Date and (ii) January 31, 2003, the Lenders shall have no obligation to make any additional Tranche A Loans to Borrower.
Line of Credit Loan. Subject to the terms and conditions hereinafter set forth, Lender agrees to make certain advances of funds to Borrower and Borrower agrees to receive from Lender certain advances of funds, known as a commercial revolving line of credit loan in the original principal amount of up to TWO MILLION FIVE HUNDRED THOUSAND and 00/100 DOLLARS ($2,500,000.00).
