Maximum Loan Amount. On the terms and conditions set forth in this Credit Agreement, Lenders shall make available to Borrower the Credit Facility, as a revolving line of credit in a principal amount not to exceed at any one time Two Million Five Hundred Thousand Dollars ($2,500,000), less all amounts of principal prepaid or required to be prepaid under Section 3.2.1 of this Credit Agreement (the “Maximum Loan Amount”). Each Lender shall be severally, and not jointly and severally, obligated to lend the amount shown on Schedule I.
Appears in 1 contract
Samples: Credit Agreement (Biotime Inc)
Maximum Loan Amount. On the terms and conditions set forth in this Credit Agreement, Lenders shall make available to Borrower the Credit Facility, as a revolving line of credit in a principal amount not to exceed at any one time Two One Million Five Hundred Thousand Dollars ($2,500,0001,000,000), less all amounts of principal prepaid or required to be prepaid under Section 3.2.1 of this Credit Agreement (the “Maximum Loan Amount”). Each Lender shall be severally, and not jointly and severally, obligated to lend the amount shown on Schedule I.
Appears in 1 contract
Samples: Credit Agreement (Biotime Inc)
Maximum Loan Amount. On the terms and conditions set forth in this Credit Agreement, Lenders shall make available to Borrower the Credit Facility, as a revolving line of credit in a principal amount not to exceed at any one time Two One Million Five One Hundred Thousand Dollars ($2,500,0001,100,000), less all amounts of principal prepaid or required to be prepaid under Section 3.2.1 of this Credit Agreement (the “Maximum Loan Amount”). Each Lender shall be severally, and not jointly and severally, obligated to lend the amount shown on Schedule I.
Appears in 1 contract
Samples: Credit Agreement (Biotime Inc)
Maximum Loan Amount. On the terms and conditions set forth in this Credit Agreement, Lenders Lender shall make available to Borrower the Credit Facility, as a revolving line of credit in a principal amount not to exceed at any one time Two One Million Five Hundred Thousand Dollars ($2,500,0001,000,000), less all amounts of principal prepaid or required to be prepaid under Section 3.2.1 of this Credit Agreement (the “Maximum Loan Amount”). Each Lender shall be severally, and not jointly and severally, obligated to lend the amount shown on Schedule I.1.2.2
Appears in 1 contract