Common use of LOANS AND OTHER FINANCIAL ACCOMMODATIONS Clause in Contracts

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.

Appears in 1 contract

Samples: Loan and Security Agreement (Seachange International Inc)

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LOANS AND OTHER FINANCIAL ACCOMMODATIONS. (a) From time to time upon Borrower's the Borrowers’ 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), the Bank shall make such requested loanloans, 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Smith & Wesson Holding Corp)

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 not continuing an Event of Default or an event which, with notice or the lapse of time or both, would constitute an Event of Default.

Appears in 1 contract

Samples: Loan and Security Agreement (Webhire Inc)

LOANS AND OTHER FINANCIAL ACCOMMODATIONS. (a) From time to time upon Borrower's ’s request, so long as the sum of the aggregate principal amount of all loans outstanding and the requested loan (collectively, the “Loans”) 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 no continuing Event of Default or an continuing event which, with notice or the lapse of time or both, would constitute an Event of Default (a “Default”).

Appears in 1 contract

Samples: Loan and Security Agreement (Viisage Technology Inc)

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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 Lender 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.

Appears in 1 contract

Samples: Loan and Security Agreement (Aseco Corp)

LOANS AND OTHER FINANCIAL ACCOMMODATIONS. (a) From time to time upon Borrower's ’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.

Appears in 1 contract

Samples: Loan Agreement (Palomar Medical Technologies Inc)

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