Loan and Terms of Payment Sample Clauses

Loan and Terms of Payment. For value received, Borrower promises to pay to the order of Bank such amount, as provided for below, together with interest, as provided for below.
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Loan and Terms of Payment. 2.1 Revolver Advances.
Loan and Terms of Payment. 2.1 Promise to Pay. Borrower promises to pay Bank the unpaid principal amount of all Credit Extensions and interest on the unpaid principal amount of the Credit Extensions. 2.1.1 Revolving Advances.
Loan and Terms of Payment. . . . . . . . . . . . . . . . . . . . . . 29 2.1 Revolving Advances . . . . . . . . . . . . . . . . . . . . . . . . 29 2.2 Term Loan. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 2.3 Appraisals; Mandatory Prepayments of the Term Loan . . . . . . . . 30 2.4 [Intentionally omitted]. . . . . . . . . . . . . . . . . . . . . . 31 2.5 Overadvances . . . . . . . . . . . . . . . . . . . . . . . . . . . 31 2.6 Interest: Rates, Payments, and Calculations . . . . . . . . . . . 31 2.7 Collection of Accounts . . . . . . . . . . . . . . . . . . . . . . 32 2.8 Crediting Payments; Application of Collections . . . . . . . . . . 32 2.9 Designated Account.. . . . . . . . . . . . . . . . . . . . . . . . 33 2.10 Maintenance of Loan Account; Statements of Obligations . . . . . . 33 2.11 Fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 33
Loan and Terms of Payment. 2.1Promise to Pay. Borrower hereby unconditionally promises to pay Bank the outstanding principal amount of all Credit Extensions and accrued and unpaid interest thereon as and when due in accordance with this Agreement.
Loan and Terms of Payment. 2.1 Revolving Advances.
Loan and Terms of Payment. 2.1 CREDIT EXTENSIONS. Borrower will pay Bank the unpaid principal amount of all Credit Extensions and interest on the unpaid principal amount of the Credit Extensions. 2.1.1 REVOLVING ADVANCES.
Loan and Terms of Payment. 2.1.1 Revolving Advances. Subject to the terms and conditions of this Exim ------------------ Agreement, Bank agrees to make Advances to Borrower in an amount not to exceed (i) the Exim Committed Line or the Borrowing Base, whichever is less, minus (ii) the aggregate outstanding Advances hereunder, as determined by the Borrowing Base Certificate to be delivered to the Bank. Notwithstanding the foregoing, the aggregate of (i) the Obligations hereunder, and (ii) all Obligations under the Domestic Agreement, and all other indebtedness owed by Borrower to Bank, shall not exceed the amount of Twelve Million Five Hundred Thousand Dollars ($12,500,000.00). To evidence the Advances, Borrower shall execute and deliver to Bank on the date hereof a promissory note (the "Note") in substantially the form attached hereto as Exhibit B. --------- Whenever Borrower desires an Advance, Borrower will notify Bank by facsimile transmission or telephone no later than 3:00 pm. Eastern time, on the Business Day that the Advance is to be made. Each such notification shall be promptly confirmed by a Payment/Advance Form in substantially the form of Exhibit C hereto together with any additional documentation required under the --------- Borrower Agreement, including without limitation, as set forth in Section 2.03 of the Borrower Agreement. In addition to the procedure set forth in the preceding sentence, Bank is authorized to make Advances under this Exim Agreement, based upon instructions received from a Responsible Officer or without instructions if in Bank's discretion such Advances are necessary to meet Obligations which have become due and remain unpaid. Bank shall be entitled to rely on any telephonic notice given by a person who Bank reasonably believes to be a Responsible Officer or a designee (as designated in writing by a Responsible Officer) thereof, and Borrower shall indemnify and hold Bank harmless for any damages or loss suffered by Bank as a result of such reliance. Bank will credit the amount of Advances made under this Section 2.1.1 to Borrower's deposit account. Amounts borrowed pursuant to this Section 2.1.1 may be repaid at any time and re-borrowed at any time during the term of this Exim Agreement so long as no Event of Default has occurred and is continuing. 2.2 Overadvances. If, at any time or for any reason, the following occurs ------------ (an "Overadvance"): (i) the amount of Obligations pursuant to this Exim Agreement owed by Borrower to Bank pursuant t...
Loan and Terms of Payment. 2.1 CREDIT EXTENSIONS. Borrower promises to pay to the order of Bank, in lawful money of the United States of America, the aggregate unpaid principal amount of all Credit Extensions made by Bank to Borrower hereunder. Borrower also promises to pay interest on the unpaid principal amount of such Credit Extensions at rates in accordance with the terms hereof.
Loan and Terms of Payment. 2.1 ADVANCES.