Common use of The Revolving Loan Clause in Contracts

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Million Dollars ($20,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Dollars ($1,000,000) in accordance with the terms of the Revolving Note. All borrowing's of the Revolving Loan must be made before March 31, 1998, at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans. Bank shall enter each amount borrowed and repaid in Bank's records, and such entries shall be deemed to accurately reflect both principal outstanding and payments made. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (P-Com Inc)

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The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Million Dollars ($20,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Hundred Thousand Dollars ($1,000,000100,000) in accordance with the terms of the Revolving Note. All borrowing's borrowings of the Revolving Loan must be made before March 31November 30, 1998, 1998 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans. Bank shall enter each amount borrowed and repaid in Bank's records, records and such entries shall be deemed to accurately reflect both principal be the amount of the Revolving Loan outstanding and payments madeabsent manifest error. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Image Entertainment Inc)

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Five Million Dollars ($20,000,00025,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). The proceeds of the Revolving Loan shall be used for Borrower’s relocation expenses for Borrower’s clients. Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Dollars ($1,000,000) in accordance with the terms of the Revolving NoteNote (defined below). All borrowing's borrowings of the Revolving Loan must be made before March 31November 30, 19982006, at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a Bank’s standard form of commercial promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans”). Bank shall enter each amount borrowed and repaid in Bank's records, ’s records and such entries shall be deemed to accurately reflect both principal outstanding and payments madecorrect. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Hewitt Associates Inc)

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Million Dollars TWENTY FIVE MILLION DOLLARS ($20,000,00025,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Ten Thousand Dollars ($1,000,00010,000) in accordance with the terms of the Revolving Note. All borrowing's borrowings of the Revolving Loan must be made before March 31September 30, 1998, 1999 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans. Bank shall enter each amount borrowed and repaid in Bank's records, records and such entries shall be deemed to accurately reflect both principal outstanding and payments madebe the amount of the Revolving Loan outstanding. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Smartflex Systems Inc)

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Four Million Dollars ($20,000,0004,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Ten Thousand Dollars ($1,000,00010,000) in accordance with the terms of the Revolving Note. All borrowing's borrowings of the Revolving Loan must be made before March 31September 15, 1998, 1997 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loansloans as modified by the Addendum attached thereto. Bank shall enter each amount borrowed and repaid in Bank's records, records and such entries shall be deemed to accurately reflect both principal outstanding and payments madebe the amount of the Revolving Loan outstanding. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Viasat Inc)

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Nine Million Dollars ($20,000,0009,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Hundred Thousand Dollars ($1,000,000100,000) in accordance with the terms of the Revolving Note. All borrowing's borrowings of the Revolving Loan must be made before March 31June 15, 1998, 1999 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans. Bank shall enter each amount borrowed and repaid in Bank's records, records and such entries shall be deemed to accurately reflect both principal outstanding and payments madebe the amount of the Revolving Loan outstanding. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Educational Insights Inc)

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Fifteen Million Dollars ($20,000,00015,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Hundred Thousand Dollars ($1,000,000100,000) in accordance with the terms of the Revolving Note. All borrowing's borrowings of the Revolving Loan must be made before March December 31, 1998, 1999 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans. Bank shall enter each amount borrowed and repaid in Bank's records, records and such entries shall be deemed to accurately reflect both principal be the amount of the Revolving Loan outstanding and payments madeabsent manifest error. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Image Entertainment Inc)

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Ten Million Dollars ($20,000,00010,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Hundred Thousand Dollars ($1,000,000100,000) in accordance with the terms of the Revolving Noterevolving note. All borrowing's borrowings of the Revolving Loan must be made before March 31June 30, 1998, 1999 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans. Bank shall enter each amount borrowed and repaid in Bank's records, records and such entries shall be deemed to accurately reflect both principal outstanding and payments madebe the amount of the Revolving Loan outstanding. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Aldila Inc)

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The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Nine Million Dollars ($20,000,0009,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Ten Thousand Dollars ($1,000,00010,000) in accordance with the terms of the Revolving Note. All borrowing's borrowings of the Revolving Loan must be made before March 31July 3, 1998, 2000 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans. Bank shall enter each amount borrowed and repaid in Bank's records, records and such entries shall be deemed to accurately reflect both principal outstanding and payments madebe the amount of the Revolving Loan outstanding. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Remec Inc)

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Ten Million Dollars ($20,000,00010,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in the amounts of not less than One Million Hundred Thousand Dollars ($1,000,000100,000) in accordance with the terms of the Revolving Note. All borrowing's borrowings of the Revolving Loan must be made before March 31June 30, 1998, 1999 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans. Bank shall enter each amount borrowed and repaid in Bank's records, record and such entries shall be deemed to accurately reflect both principal be the amount of the Revolving Loan outstanding and payments madeabsent manifest error. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Image Entertainment Inc

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Fifteen Million Dollars ($20,000,00015,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Hundred Thousand Dollars ($1,000,000100,000) in accordance with the terms of the Revolving Note. All borrowing's borrowings of the Revolving Loan must be made before March 31November 30, 1998, 1998 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans. Bank shall enter each amount borrowed and repaid in Bank's records, records and such entries shall be deemed to accurately reflect both principal be the amount of the Revolving Loan outstanding and payments madeabsent manifest error. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Image Entertainment Inc)

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Six Million Dollars ($20,000,0006,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Ten Thousand Dollars ($1,000,00010,000) in accordance with the terms of the Revolving Note. All borrowing's borrowings of the Revolving Loan must be made before March 31September 15, 1998, 1998 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a new promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans, as modified by the Addendum attached thereto. Bank shall enter each amount borrowed and repaid in Bank's records, records and such entries shall be deemed to accurately reflect both principal outstanding and payments madebe the amount of the Revolving Loan outstanding. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Viasat Inc)

The Revolving Loan. Bank will loan to Borrower an amount not to exceed Twenty Twelve Million Dollars ($20,000,00012,000,000) outstanding in the aggregate at any one time (the "Revolving Loan"). Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than One Million Hundred Thousand Dollars ($1,000,000100,000) in accordance with the terms of the Revolving Note. All borrowing's borrowings of the Revolving Loan must be made before March 31July 1, 1998, 2002 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by a promissory note (the "Revolving Note") on the standard form used by Bank for commercial loans. Bank shall enter each amount borrowed and repaid in Bank's records, records and such entries shall be deemed to accurately reflect both principal outstanding and payments madebe the amount of the Revolving Loan outstanding. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed.

Appears in 1 contract

Samples: Loan Agreement (Remec Inc)

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