Loan Amounts and Terms Clause Samples

Loan Amounts and Terms. 2.1 Line of Credit; Option to Increase Line of Credit. ------------------------------------------------- (a) During the Availability Period, Administrative Agent, for Lenders, will provide a revolving line of credit (the "Line of Credit") to Borrower to (i) make advances, and (ii) issue standby letters of credit (each,, a "Letter of Credit" for Borrower's account. (b) The maximum amount of the Line of Credit committed by Lenders is One Hundred Twenty Million Dollars ($120,000,000) (the "Commitment"). Administrative Agent shall disburse funds under the Line of Credit in such amounts as Borrower may request from time to time hereunder, but in no case shall the sum of the total principal amount outstanding under the terms of this Agreement (including the aggregate amount owing to Lenders in connection with drawn and unreimbursed Letters of Credit), plus the aggregate amount of outstanding and undrawn Letters of Credit (the "Total Amount Outstanding"), exceed an aggregate principal amount (the "Available Amount") equal to the smallest of the following, tested at the beginning of each calendar quarter and at the time of each draw hereunder:

Loan Amounts and Terms