Common use of Revolving Credit Loan Clause in Contracts

Revolving Credit Loan. Subject to the terms of this Agreement, CNB agrees to make loans (“Revolving Credit Loans”) to Borrower, from the date of this Agreement up to but not including the Termination Date, at such times as Borrower may request, up to the amount of the lesser of (a) the Revolving Credit Commitment, or (b) twice the amount of EBITDA at the time of such request. The Revolving Credit Loans may be repaid and reborrowed at any time up to the Termination Date.

Appears in 3 contracts

Samples: Credit Agreement (Highbury Financial Inc), Form of Credit Agreement (Highbury Financial Inc), Credit Agreement (Highbury Financial Inc)

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Revolving Credit Loan. Subject to the terms of this Agreement, CNB agrees to make loans ("Revolving Credit Loans") to Borrower, from the date of this Agreement up to but not including the Termination Date, at such times as Borrower may request, up to the amount of the lesser of (a) the Revolving Credit Commitment, or (b) twice the amount of EBITDA at the time of such requestBorrowing Base. The Revolving Credit Loans may be repaid and reborrowed at any time up to the Termination Date; provided, however, that the aggregate unpaid principal amount of outstanding Revolving Credit Loans will at no time exceed the Borrowing Base.

Appears in 2 contracts

Samples: Accounts Receivable and Inventory Loan Agreement (Signature Eyewear Inc), Accounts Receivable and Inventory Loan Agreement (Athanor Group Inc)

Revolving Credit Loan. Subject to the terms of this Agreement, CNB agrees to make loans (“Revolving Credit Loans”) to Borrower, from the date of this Agreement up to but not and including the Termination Date, at such times as Borrower may request, up to the amount of the lesser of (a) the Revolving Credit Commitment, or (b) twice the amount of EBITDA at the time of such request. The Revolving Credit Loans may be repaid and reborrowed at any time up to the Termination Date.

Appears in 1 contract

Samples: Credit Agreement (Highbury Financial Inc)

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Revolving Credit Loan. Subject to the terms of this Agreement, CNB agrees to make loans ("Revolving Credit Loans") to Borrower, from the date of this Agreement up to but not and including the Termination Date, at such times as Borrower may request, up to the amount of the lesser of (a) the Revolving Credit Commitment, or (b) twice the amount of EBITDA at the time of such request. The Revolving Credit Loans may be repaid and reborrowed at any time up to and including the Termination Date."

Appears in 1 contract

Samples: Credit Agreement (Emergent Group Inc/Ny)

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