The Credit Facility Sample Clauses

The Credit Facility. 2.1 The Revolving Credit Facility Each Lender severally agrees, on the terms and conditions set forth herein, to make loans to the Borrower (each such loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Closing Date to the Revolving Termination Date, in an aggregate amount not to exceed at any time outstanding, together with the principal amount of Term Loans outstanding in favor of such Lender at such time, the amount set forth next to such Lender’s name on Schedule 1 (such amount together with the Lender’s Pro Rata Share of the Term Commitment, as the same may be reduced under Section 2.10 or as a result of one or more assignments under Section 10.8, the Lender’s “Commitment”); provided, however, that, after giving effect to any Borrowing of Revolving Loans, the Effective Amount of all outstanding Revolving Loans shall not at any time exceed the combined Commitments; and provided further that the Effective Amount of the Revolving Loans, together with all Term Loans outstanding at such time, of any Lender shall not at any time exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.1, prepay under Section 3.3 and reborrow under this Section 2.1.
The Credit Facility. Subject to the terms and conditions hereof, each of the Lenders shall make available to the Borrower such Lender’s Rateable Portion of the Credit Facility. Subject to Section 2.17, the Outstanding Principal under the Credit Facility shall not exceed the maximum principal amount of the Credit Facility.
The Credit Facility. On the terms and conditions set forth in this Agreement, FCW agrees to make advances to the Company during the period set forth below in an aggregate principal amount not to exceed $30,000,000.00 (the “Commitment”). The Agreement and Commitment is executed, delivered and accepted not in payment of but for the purpose of amending, restating and replacing the following described obligations, and renewing any unpaid balance(s) evidenced thereby: Note dated June 7, 2007, in the principal amount of $20,000,000.00. Furthermore, the Commitment also evidences an additional loan advance(s) to the extent the Commitment under this Agreement exceeds the renewed unpaid balance(s) referred to above.
The Credit Facility. Subject to the terms and conditions hereof and effective as of the Effective Time, the Lenders hereby establish the Credit Facility in favour of the Borrower in the Aggregate Commitment Amount set forth in Schedule B, which may be drawn by the Borrower in Canadian Dollars (or the Canadian Dollar Exchange Equivalent thereof) in U.S. Dollars, or any combination thereof. The Individual Commitment Amount of each Lender is set out in Schedule B. The Borrower may borrow, repay and re-borrow any amount of the Individual Commitment Amount of each Lender based on such Lender's Rateable Portion.
The Credit Facility a. Subject to the conditions and upon the terms hereinafter set forth and in accordance with the terms and provisions of the Revolving Credit Note on and after the Closing Date Lenders severally agree in the proportions set forth on the Schedule of Lenders' Proportions in Credit Facility to lend and advance Borrowings to Borrowers, up to the Maximum Permitted Balance in the initial amount of Sixty- Five Million Dollars ($65,000,000.00), the Closing Disbursement on the Closing Date and such amounts as Borrowers may request by Notice of Borrowing duly executed by an Authorized Representative and delivered to Agent Bank from time to time as provided in Section 2.03; provided, however, notwithstanding anything herein contained to the contrary, the Deferred Funding Amount shall not be available for advance to Borrowers until the occurrence of the Prime Termination Date.
The Credit Facility a. Subject to the conditions and upon the terms hereinafter set forth and in accordance with the terms and provisions of the Revolving Credit Note, Lender agrees to lend and advance Borrowings to Borrowers, up to the Maximum Permitted Balance, in such amounts as Borrowers may request by Notice of Borrowing duly executed by an Authorized Officer and delivered to Lender from time to time during the Revolving Credit Period as provided in Section 2.03.
The Credit Facility. Subject to and upon the terms and conditions hereof, and in reliance upon the representations and warranties of the Borrower herein, the Lender will make Loans to the Borrower under the Credit Facility from time to time from the date hereof until November 1, 2003, at such time and in such amount as to each Loan as the Borrower may request up to but not exceeding an aggregate principal amount of $2,000,000 for the purpose of funding Contracts to certain casino operators, and to pay all related transaction costs. The Credit Facility will be advanced based on multiple Advance Requests (as hereafter defined) but will not be a revolving credit facility and the Borrower may not borrow, repay and reborrow amounts advanced. The Advance amount of any Loan shall not exceed ninety percent (90%) of the Equipment Value of any Contract(s) being financed therewith and no more than $1,750,000 will be advanced on an individual Contract, and in no event shall the aggregate principal amount of Loans, the proceeds of which are used to finance Contracts where the Equipment subject to such Contracts is located on ships or is subject to maritime laws, exceed twenty-five percent (25%) of the aggregate principal amount of all Loans. The Loans under the Credit Facility shall be evidenced by a single Note which will be made payable to the order of the Lender. The Credit Facility shall bear interest at the rate of nine and three quarters percent (9.75%) per annum. The Credit Facility shall be payable over a forty-eight (48)-month term. Commencing December 1, 1999 and continuing on each Installment Payment Date (as defined in the Note) thereafter, the Borrower shall pay installments of principal and interest equal to the Required Payment Amount; provided that the unpaid principal balance of the Note, interest accrued thereon and all charges payable pursuant to the terms of the Note shall become due and payable in full on the earlier to occur of the following: (i) the Maturity Date, (ii) the occurrence of an Event of Default and (iii) the Installment Payment Date (as defined in the Note) next following the Installment Payment Date on which the unpaid principal balance of the Note declines below $100,000. Any prepayments made on any Contract shall be used to prepay the Credit Facility to the extent required by Section 3(t) of the Security Agreement. The Note may be prepaid in whole or in part at any time, provided that any prepayment shall be made on fifteen (15) days' advance written n...
The Credit Facility. 3.1 Establishment of the Credit Facility Relying on each of the representations and warranties set out in Section 2 and subject to the terms and conditions set forth herein, Royal agrees to make available to the Borrower:
The Credit Facility. 4.1 The Facility Limit is variable and dependent on the value of the Collateral and is subject to change depending on the composition of the Collateral and the LTV assessment, which is based on our internal methodology.
The Credit Facility. SECTION 2.01(a) ESTABLISHMENT OF THE CREDIT FACILITY. The Lender hereby establishes the Credit Facility, which shall be comprised of the Base Facility and the Revolving Facility.