Loans General Terms Clause Samples

Loans General Terms. 13 2.1. Revolving Loan.......................................13 2.2. Maximum Principal Amount.............................14 2.3. Maturity Date; Termination of Loans..................14 2.4. Authorized Disbursement of Proceeds..................14 2.5.

Loans General Terms. 2.1 Except as otherwise provided in notes or other instruments issued and/or made by Borrower to Lender specifically containing provisions in conflict with this Paragraph (in which event the conflicting provisions of said notes or other instruments shall govern and control) that portion of Borrower's Liabilities consisting of: (a) principal payable on account of any Loan shall be payable by Borrower to Lender, on demand; (b) Costs, fees and expenses payable by Borrower to Lender shall be payable to Lender or to such other Person or Persons designated by Lender, on demand; (c) interest payable by Borrower to Lender shall be payable by Borrower monthly, and prior to demand, only if and to the extent that borrower's cash flow for any month shall exceed Borrower's expenses and debt service for such month; and (d) the balance of Borrower's Liabilities, if any, shall be payable by Borrower to Lender on demand. All of such payments to Lender shall be payable at Lender's principal place of business specified at the beginning of this Agreement or at such other place or places as Lender may designate in writing to Borrower. All of such payments to Persons other than Lender shall be payable at such place or places as Lender may designate in writing to Borrower. 2.2 Any Loan may or may not (at Lender's sole and absolute discretion) be evidenced by additional notes or other instruments issued or made by Borrower to Lender. Where any Loan is not so evidenced, it shall be evidenced solely by entries upon the ledgers, books, records and/or computer records of Lender maintained for that purpose. 2.3 All of Borrower's Liabilities shall constitute one obligation secured by Lender's security interest, lien or encumbrance in or upon the Collateral and by all other security interests, liens, claims and encumbrances heretofore, now and/or from time to time hereafter granted. by Borrower and/or any Guarantor to Lender. 2.4 Borrower warrants and represents to Lender that Borrower shall use the proceeds of each Loan solely for business purposes and consistently with all applicable laws and statutes. Borrower further warrants and represents to Lender and covenants with Lender that Borrower is not in the business of extending credit for the purpose of purchasing or carrying margin Stock (within the meaning of Regulation U issued by the Board of Governors of the Federal Reserve System), and no proceeds of the Loan will be used to purchase or carry any margin Stock or to extend credit ...

Loans General Terms. 9 2.1. REVOLVING LOAN . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 2.2. MAXIMUM PRINCIPAL AMOUNT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2.3. MATURITY DATE; TERMINATION OF LOANS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10

Loans General Terms. 5.1 Payments to Bank; Defaulting Bank. That portion of Borrower's Liabilities consisting of: (a) principal payable on account of the Loans made by Bank to Borrower pursuant to this Agreement shall be payable by Borrower to Bank, (i) as provided in the Revolving Note in respect of the Revolving Loans, (ii) as provided herein in the Acquisition Note in respect of the Acquisition Loan, and (iii) as provided in the Term Note in respect of the Term Loan; (b) costs, fees and expenses payable pursuant to this Agreement shall be payable by Borrower to Bank on demand; (c) interest payable pursuant to this Agreement shall be payable by Borrower to Bank, as provided in Paragraph 4.1; and (d) the balance of Borrower's Liabilities, if any, shall be payable by Borrower to Bank as and when provided in this Agreement or the Other Agreements.

Loans General Terms