Common use of The Line of Credit Clause in Contracts

The Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrower from time to time from the date hereof to the Expiration Date, provided the aggregate amount of such Advances outstanding at any time does not exceed the Borrowing Base. Within the foregoing limits, the Borrower may borrow, partially or wholly prepay, and reborrow under this Section 2.01.

Appears in 4 contracts

Samples: Accounts Receivable Credit Agreement (Elexsys International Inc), Credit Agreement (PMR Corp), Accounts Receivable Credit Agreement (Golden State Vintners Inc)

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The Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrower from time to time from the date hereof to the Expiration Date, provided the aggregate amount of such Advances outstanding at any time does not exceed the Borrowing Base. Within the foregoing limits, the The Borrower may borrow, partially or wholly prepay, and reborrow re-borrow under this Section 2.01the Line of Credit.

Appears in 1 contract

Samples: Trade Finance Credit Agreement (Variflex Inc)

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