Loans and Notes. 29 SECTION 3.1
Loans and Notes. 13 Section 3.1. Agreement to Make Committed Loans........................................................ 13 Section 3.2. Procedure for Committed Loans............................................................ 14 Section 3.3. Maturity of Committed Loans.............................................................. 15 Section 3.4. Committed Notes.......................................................................... 15
Loans and Notes. 12 2.2 Fees...................................................... 13 2.3 Termination or Reduction of Commitments................... 13 2.4
Loans and Notes. Loans and notes signed by the contractor not including current portion payable. Include federal loans.
Loans and Notes. Section 1 of the Loan Agreement is amended to add a new Subsection (j) that reads as follows:
Loans and Notes. (a) Subject to the terms and conditions hereof, each Bank severally agrees to make loans ("Loans") to the Company on the Closing Date in an aggregate principal amount not to exceed the Commitment of such Bank. The Loans may be (i) Eurodollar Loans, (ii) Alternate Base Rate Loans or (iii) a combination thereof, as determined by the Company and notified to the Agent in accordance with subsection 2.1(c).
Loans and Notes. 3.1. Borrowing Procedures..................................... 37 3.1.1. Requests for Borrowing........................... 37 3.1.2. Funding Reliance for Loans....................... 38 3.2. Notes.................................................... 38 3.3. Principal Payments....................................... 39 3.3.1. Repayments....................................... 39 3.3.2. Facility A Loan Prepayments...................... 39 3.3.3. Facility B Loan Prepayments and Repayments....... 40 3.3.4.
Loans and Notes. Subject to the terms and conditions hereof, each Participating Lender with respect to a Financing Request-Initial and corresponding Financing Request-Final and Borrowing Notice agrees to make a Loan to Borrower on the Funding Date corresponding thereto in an amount equal to such Participating Lender’s Percentage Share of the lesser of (x) 90% of the Sale Value and (y) 110% of the Hedged Value of the Hedged Eligible Inventory described therein; provided that (a) subject to Sections 3.3, 3.4 and 3.6, all such Participating Lenders are requested to make Loans of the same Type in accordance with their respective Percentage Shares and as part of the same Borrowing, (b) after giving effect to such Loans (and the repayment of any outstanding Loans on such date pursuant to netting with respect thereto as set forth in the last sentence of Section 2.1(d)), the Facility Usage does not exceed the Maximum Facility Amount determined as of the date on which the requested Loans are to be made, and (c) after giving effect to such Loans (and the repayment of any outstanding Loans on such date pursuant to netting with respect thereto as set forth in the last sentence of Section 2.1(d)), the Loans by such Participating Lender plus the existing LC Obligations of such Participating Lender with respect to Letters of Credit do not exceed such Lender’s Percentage Share of the Maximum Facility Amount. The aggregate amount of all Loans in any Borrowing must be equal to $2,000,000 or any higher integral multiple of $250,000. The obligation of Borrower to repay to each Lender the aggregate amount of all Loans made by such Lender to Borrower, together with interest accruing in connection therewith, shall be evidenced by a single promissory note (herein called such Lender’s “Note”) made by Borrower payable to the order of such Lender in the form of Exhibit A with appropriate insertions. The amount of principal owing on any Lender’s Note at any given time shall be the aggregate amount of all Loans theretofore made by such Lender to Borrower minus all payments of principal theretofore received by such Lender on such Note. Interest on each Note shall accrue and be due and payable as provided herein and therein. Each Note shall be due and payable as provided herein and therein, and shall be due and payable in full on the Maturity Date. Subject to the terms and conditions of this Agreement, Borrower may borrow, repay, and reborrow under this Section 2.2. Borrower may have no more than seven ...
Loans and Notes. 23 2.2 Interest on the Loans........................................................................ 26 2.3 Fees......................................................................................... 31 2.4 Prepayments and Payments; Reductions in Commitments.......................................... 31 2.5 Use of Proceeds.............................................................................. 36 2.6 Special Provisions Governing Eurodollar Rate Loans........................................... 36 2.7
Loans and Notes. Section 2.01 Revolving Loans Section 2.02 Letters of Credit Section 2.03 Optional and Mandatory Prepayments Section 2.04 User of Proceeds Section 2.05 Commitment Fees Section 2.06 Voluntary Termination or Reduction of the Commitments ARTICLE III ADMINSTRATION CREDIT Section 3.01 Interest on Loans Section 3.02 Borrowing Procedure Section 3.03 Conversion Section 3.04 Automatic Conversion Section 3.05 Conversion and Continutation Process Section 3.06 Basis for Determining Interest Rate Inadequate or Unfair Section 3.07 Changes in Law Rendering Certain Loans Unlawful Section 3.08 Increased Costs Section 3.09 Discretion of Lender as to Manner of Funding Section 3.10 Capital Adequacy Section 3.11 Limitation on Payment Section 3.12 Funding Losses Section 3.13 Conclusiveness of Statements; Survival of Provisions Section 3.14 Obligation of Lender to Mitigate Section 3.15 Survival of Provisions Section 3.16 Computations of Interest Section 3.17 Payments; Loan Account Section 3.18 Reserved Section 3.19 Deposits; Set Off ARTICLE IV
