LOANS AND OTHER FINANCIAL ACCOMMODATIONS. (a) From time to time upon Borrower's request, so long as the sum of the aggregate principal amount of all loans outstanding and the requested loan does not exceed the lesser of (i) the Borrowing Base (as defined below), or (ii) the Credit Limit (as defined below), Bank shall make such requested loan, provided that there has not occurred and is existing an Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default.
LOANS AND OTHER FINANCIAL ACCOMMODATIONS. II.1 The Term Loan Facility. ----------------------
LOANS AND OTHER FINANCIAL ACCOMMODATIONS. The following SECTION 2, LOANS AND OTHER FINANCIAL ACCOMMODATIONS, of the Financing Agreement shall be amended as set forth herein:
LOANS AND OTHER FINANCIAL ACCOMMODATIONS. (a) Subject to the terms and provisions of this Agreement, Lender hereby establishes a tranche-funded loan in Borrower's favor in an amount not to exceed the Credit Limit (as defined below). The amount of each tranche shall be determined by Lender from time to time hereafter. Lender may make such loans to Borrower, based upon such facts and circumstances existing at the time of the request, as from time to time Lender elects to make which are secured by Borrower's Inventory, Accounts and all other Collateral and the proceeds thereof. Without limiting the discretionary nature of Lender's decision to make loans hereunder, or the term or demand feature of any loans that Lender may make hereunder, Borrower agrees that the aggregate principal of all loans outstanding at any one time shall not exceed the Borrowing Base (as defined below).
LOANS AND OTHER FINANCIAL ACCOMMODATIONS. 15 2.1 The Term Loan Facility................................................................................15 2.2 Working Capital Facility..............................................................................16 2.3 Notice of Borrowing; Making the Loans.................................................................17 2.4
LOANS AND OTHER FINANCIAL ACCOMMODATIONS. (a) Subject to the terms and provisions of this Agreement, the Bank hereby establishes a discretionary revolving line of credit in Borrower’s favor in the amount of the Credit Limit (as defined below), as determined by Bank from time to time hereafter. Bank may make such loans to Borrower, based upon such facts and circumstances existing at the time of the request, as from time to time Bank elects to make which are secured by the Collateral and the proceeds thereof. Without limiting the discretionary nature of Bank’s decision to make loans hereunder, or the demand feature of any loans that Bank does make hereunder, Borrower agrees that the aggregate unpaid principal of all loans outstanding at any one time shall not exceed the Credit Limit (as defined below).
LOANS AND OTHER FINANCIAL ACCOMMODATIONS. (a). As used in this Agreement, the following terms shall have the following meanings:
LOANS AND OTHER FINANCIAL ACCOMMODATIONS. Section 5. Section 5 of the Loan Agreement is hereby amended by adding the following new Section 5(k) immediately following Section 5(j), which such new Section 5(k) shall read as follows:
LOANS AND OTHER FINANCIAL ACCOMMODATIONS. Section 2.01 Subject to the terms and provisions of this Agreement, Bank has agreed to extend to Borrower a term loan, evidenced by a Term Note in the form of Exhibit 1 annexed hereto, in the original principal amount of One Million ($1,000,000.00) Dollars (the “Term Loan”). The Term Loan shall mature and bear interest as provided in the Term Note and shall otherwise be subject to the terms and conditions of the Term Note and this Agreement.
LOANS AND OTHER FINANCIAL ACCOMMODATIONS. 26 2.1 The A Term Loan Facility...................................................................... 26 (a) Amount of A Term Loan................................................................ 26 (b) Substitute A Term Note............................................................... 26 2.2 The B Term Loan Facility...................................................................... 26 (a) Amount of B Term Loan................................................................ 26 (b) B Term Note.......................................................................... 27 (c) B Term Loan Fee...................................................................... 27 2.3 The Canadian Term Loan Facility............................................................... 27 (a) Amount of Canadian Term Loan......................................................... 27 (b) Canadian Term Note................................................................... 27 2.4
