Nature of Credit Sample Clauses

Nature of Credit. Within the limits of time and amount set forth in this Section 2.01, and subject to the provisions of this Agreement, the Borrower may borrow, repay and reborrow Revolving Credit Loans hereunder.
AutoNDA by SimpleDocs
Nature of Credit. The Borrower may not reborrow amounts repaid with respect to Term Loans.
Nature of Credit. Within the limits of time and amount set forth in this Section 2.05, and subject to the provisions of this Agreement, the Borrower may borrow, repay and reborrow Swingline Advances hereunder.
Nature of Credit. Within the limits of time and amount set forth ---------------- in this Section 3.11, and subject to the provisions of this Agreement, and so long as the Swingline Bank is willing in its discretion to make Swingline Loans, the Borrower may borrow, repay and reborrow Swingline Loans hereunder.
Nature of Credit. Within the limits of time and amount set forth in this SECTION 2.01, and subject to the provisions of this Agreement, the Borrower may borrow, repay and reborrow Revolving Credit Loans hereunder by means of the Fixed LIBOR Rate Option or Floating Rate Option in Dollars. Borrowings at the Fixed LIBOR Rate Option shall be subject to availability.
Nature of Credit. Within the limits of time and amount set forth in this SECTION 2.07, and subject to the provisions of this Agreement, the Borrower may borrow and repay (but not reborrow) Term Loan B at the Fixed LIBOR Rate Option or Floating Rate Option in Dollars.
Nature of Credit. For good and valuable consideration and upon the security of the Collateral (as defined below), Lender may lend to Debtor such amounts as LENDER determines in its SOLE AND ABSOLUTE DISCRETION, and Debtor promises to repay to Lender any amounts so lent at such times and in such manner as provided herein ("LINE OF CREDIT"). This is an asset-based revolving Line of Credit under which Lender may, among other things: establish, without obligation for payment to any party, such reserves from Qualified Accounts and/or Qualified Inventory as Lender deems necessary to preserve the value of the Collateral and/or protect Lender's rights and interest in the Collateral reduce the percentage advance ratios set forth in Section 3.
AutoNDA by SimpleDocs
Nature of Credit. The Borrower may not reborrow amounts repaid after the Tranche 2 Conversion Date with respect to Tranche 2 Loans.
Nature of Credit. The Borrower may not reborrow amounts repaid with respect to Tranche 3 Loans.
Nature of Credit. To the extent that the Lender makes Annual Guidance Facility Loans, such loans shall increase the Revolving Credit Facility Committed Amount subject to the provisions of Section 2.3(d).
Time is Money Join Law Insider Premium to draft better contracts faster.