Common use of Line of Credit Clause in Contracts

Line of Credit. Lender hereby establishes for a period extending to December 31, 2014 (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.

Appears in 2 contracts

Samples: Revolving Line of Credit Agreement (Capall Stables, Inc.), Revolving Line of Credit Agreement (Capall Stables, Inc.)

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Line of Credit. Lender hereby establishes for a period extending to December 31January 14, 2014 2010 (the "MATURITY DATE") a revolving line of credit (the "CREDIT LINE") for Borrower in the principal amount of Five Seven Hundred Thousand Dollars ($500,000.00700,000.00) (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.

Appears in 2 contracts

Samples: Line of Credit Agreement (Seamless Wi-Fi, Inc.), Credit Agreement (DLR Funding, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2014 2007 (the "MATURITY DATEMaturity Date") a revolving line of credit (the "CREDIT LINECredit Line") for Borrower in the principal amount of Five Hundred Thirty Thousand Dollars ($500,000.0030,000.00) (the "CREDIT LIMITCredit Limit"). In connection herewith, Borrower shall execute and deliver to Lender a Promissory Note promissory note in the amount of the Credit Limit and Limit, in the form and content satisfactory to Lenderattached hereto as EXHIBIT A (the "Promissory Note"). All sums advanced on the Credit Line or pursuant to the terms of this Agreement (each an "ADVANCEAdvance") shall become part of the principal of said Promissory Note.

Appears in 2 contracts

Samples: Credit Agreement (China Wireless Communications Inc), Credit Agreement (China Wireless Communications Inc)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2014 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.

Appears in 2 contracts

Samples: Credit Agreement (Lindows Inc), Credit Agreement (Lindows Inc)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2014 2011 (the "MATURITY DATE") a revolving line of credit (the "CREDIT LINE") for Borrower in the principal amount of Five Hundred Thirty Thousand Dollars ($500,000.0030,000.00) (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.

Appears in 2 contracts

Samples: Revolving Line of Credit Agreement (Midnight Candle Co), Revolving Line of Credit Agreement (Midnight Candle Co)

Line of Credit. Lender hereby establishes for a period extending to December 31February 15th, 2014 2013 (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.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (SSTL, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2014 2018 (the "MATURITY DATE") a revolving line of credit (the "CREDIT LINE") for Borrower in the principal amount of Five Hundred Fifty Thousand Dollars ($500,000.0050,000.00) (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.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (As Capital, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2014 2010 (the "MATURITY DATE") a revolving line of credit (the "CREDIT LINE") for Borrower in the principal amount of Five Hundred Thousand fifty thousand Dollars ($500,000.0050,000.00) (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.

Appears in 1 contract

Samples: Credit Agreement (Brain Tree International Inc)

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Line of Credit. Lender hereby establishes for a period extending to December 31August 1st, 2014 2020 (the "MATURITY DATE") a revolving line of credit (the "CREDIT LINE") for Borrower in the principal amount of Five Three Hundred Thousand Dollars ($500,000.00300,000.00) (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.

Appears in 1 contract

Samples: Line of Credit Agreement (RC-1, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2014 June 30. 2012 (the "MATURITY DATE") a revolving line of credit (the "CREDIT LINE") for Borrower in the principal amount of Five Four Hundred Thousand Dollars ($500,000.00400,000.00) (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.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Bedminster National Corp)

Line of Credit. Lender hereby establishes for a period extending to December 31, 2014 June 1st 2017 (the "MATURITY DATE") a revolving line of credit (the "CREDIT LINE") for Borrower in the principal amount of Five Four Hundred Fifty Thousand Dollars ($500,000.00450,000.00) (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.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (Teardroppers, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31January 1, 2014 2010 (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.

Appears in 1 contract

Samples: Credit Agreement (DLR Funding, Inc.)

Line of Credit. Lender hereby establishes for a period extending to December 31October 15th, 2014 (the "MATURITY DATE") a revolving line of credit (the "(β€œCREDIT 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.

Appears in 1 contract

Samples: Revolving Line of Credit Agreement (RC-1, Inc.)

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