Common use of Revolving Loan Facility Clause in Contracts

Revolving Loan Facility. Subject to the terms and conditions of this Agreement, Bank shall make Revolving Loan Advances to Borrower from time to time, until the Termination Date ("Revolving Loan"), with the aggregate principal amount at any one time outstanding not to exceed the Revolving Loan Credit Limit, less the principal amount of all Letters of Credit outstanding. Borrower may use the Revolving Loan by borrowing, prepaying, and reborrowing the Available Amount, in whole or in part, without a prepayment fee except in the event of prepayment of LIBOR Rate Loans (as defined in the Revolving Note) prior to conclusion of an Interest Period.

Appears in 2 contracts

Samples: Credit Agreement (Illuminet Holdings Inc), Credit Agreement (Illuminet Holdings Inc)

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Revolving Loan Facility. Subject to the terms and conditions of this Agreement, Bank shall make Revolving Loan Advances to Borrower from time to time, until the Termination Date ("Revolving Loan"), with the aggregate principal amount at any one time outstanding not to exceed the Revolving Loan Credit Limit, less the principal amount of all Letters of Credit outstanding. Borrower may use the Revolving Loan by borrowing, prepaying, and reborrowing the Available Amount, in whole or in part, without a prepayment fee except in the event of prepayment of LIBOR Rate Loans (as defined in the Revolving Note) prior to conclusion of an Interest Period.

Appears in 1 contract

Samples: Credit Agreement (Imagex Com Inc)

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