Common use of The Revolving Loan Clause in Contracts

The Revolving Loan. During the period commencing on the date of that certain Amendment No. 4 to Loan Agreement, by and between Bank and Borrower, and ending on September 30, 2008, Bank will loan to Borrower an amount not to exceed Forty Million Dollars ($40,000,000) outstanding in the aggregate at any one time. During the period commencing on October 1, 2008 and ending on December 31, 2008, Bank will loan to Borrower an amount not to exceed Thirty Million Dollars ($30,000,000) outstanding in the aggregate at any one time. The foregoing reducing revolving loan is hereinafter referred to as the "Revolving Loan". The proceeds of the Revolving Loan shall be used for Borrower's general working capital purposes and for the issuance of letters of credit. Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than Five Hundred Thousand Dollars ($500,000) in accordance with the terms of the Revolving Note (defined below). All borrowings of the Revolving Loan must be made before December 31, 2008 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by Bank's standard form of commercial promissory note (the "Revolving Note"). Bank shall enter each amount borrowed and repaid in Bank's records and such entries shall be deemed correct. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed. The Revolving Loan shall be subject to the following sublimits:

Appears in 1 contract

Samples: Loan Agreement (Crocs, Inc.)

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The Revolving Loan. During the period commencing on the date of that certain Amendment No. 4 to Loan Agreement, by and between Bank and Borrower, and ending on September 30, 2008, Bank will loan to Borrower an amount not to exceed Forty Six Million Dollars ($40,000,0006,000,000) outstanding in the aggregate at any one time. During the period commencing on October 1, 2008 and ending on December 31, 2008, Bank will loan to Borrower an amount not to exceed Thirty Million Dollars anyone time ($30,000,000) outstanding in the aggregate at any one time. The foregoing reducing revolving loan is hereinafter referred to as the "Revolving Loan"). The proceeds of the Revolving Loan shall be used for Borrower's general working capital purposes and for the issuance of letters of creditpurposes. Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than Five Two Hundred Fifty Thousand Dollars ($500,000250,000) in accordance with the terms of the Revolving Note (defined below). All borrowings of the Revolving Loan must be made before December 31July 2, 2008 2007 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by Bank's standard form of commercial promissory note (the "Revolving Note"). Bank shall enter each amount borrowed and repaid in Bank's records and such entries shall be deemed correct. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed. The Revolving Loan As of the date of this Agreement, the principal amount outstanding under Borrower's revolving loan with Bank evidenced by the promissory note dated September 22, 2003 ("Old Note") shall be subject to deemed the following sublimits:initial principal amount outstanding under the Revolving Loan, and the Old Note is hereby cancelled and superceded by the Revolving Note.

Appears in 1 contract

Samples: Loan Agreement (Sparta Inc /De)

The Revolving Loan. During the period commencing on the date of that certain Amendment No. 4 to Loan Agreement, by and between Bank and Borrower, and ending on September 30, 2008, Bank will loan to Borrower an amount not to exceed Forty Twenty Five Million Dollars ($40,000,00025,000,000) outstanding in the aggregate at any one time. During time (the period commencing on October 1, 2008 and ending on December 31, 2008, Bank will loan to Borrower an amount not to exceed Thirty Million Dollars ($30,000,000) outstanding in the aggregate at any one time. The foregoing reducing revolving loan is hereinafter referred to as the "Revolving Loan"”). The proceeds of the Revolving Loan shall be used for relocation expenses for Borrower's general working capital purposes and for the issuance of letters of credit’s clients. Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than Five Hundred Thousand Dollars ($500,000) in accordance with the terms of the Revolving Note (defined below). All borrowings of the Revolving Loan must be made before December 31August 1, 2008 2005, at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by Bank's ’s standard form of commercial promissory note (the "Revolving Note"). Bank shall enter each amount borrowed and repaid in Bank's ’s records and such entries shall be deemed correct. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed. The Revolving Loan As of the date of this Agreement, the principal amount outstanding under Borrower’s revolving loan with Bank evidenced by the promissory note dated July 30, 2003 (“Old Note”) shall be subject to deemed the following sublimits:initial principal amount outstanding under the Revolving Loan, and the Old Note is hereby cancelled and superceded by the Revolving Note.

Appears in 1 contract

Samples: Loan Agreement (Hewitt Associates Inc)

The Revolving Loan. During the period commencing on the date of that certain Amendment No. 4 to Loan Agreement, by and between Bank and Borrower, and ending on September 30, 2008, Bank will loan to Borrower an amount not to exceed Forty Fifty Million and 00/100 Dollars ($40,000,00050,000,000.00) outstanding in the aggregate at any one time. During time (the period commencing on October 1, 2008 and ending on December 31, 2008, Bank will loan to Borrower an amount not to exceed Thirty Million Dollars ($30,000,000) outstanding in the aggregate at any one time. The foregoing reducing revolving loan is hereinafter referred to as the "Revolving Loan"”). Revolving Loans will be denominated in Dollars. The proceeds of the Revolving Loan shall be used for Borrower's ’s general working capital purposes and for the issuance of letters of creditcorporate purposes. Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than Five Hundred Thousand One Million and 00/100 Dollars ($500,0001,000,000.00) in accordance with the terms of the Revolving Note (defined below). All borrowings of the Revolving Loan must be made before December 31the Maturity Date, 2008 at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by Bank's ’s standard form of commercial promissory note (the "Revolving Note"). Bank shall enter each amount borrowed and repaid in Bank's ’s records and such entries shall be deemed correctcorrect absent 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. The Revolving Loan As of the date of this Agreement, the principal amount outstanding under Borrower’s revolving loan with Bank evidenced by the promissory note dated March 31, 2008 (“Old Note”) shall be subject to deemed the following sublimits:initial principal amount outstanding under the Revolving Loan, and the Old Note is hereby cancelled and superceded by the Revolving Note.

Appears in 1 contract

Samples: Loan Agreement (Coherent Inc)

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The Revolving Loan. During the period commencing on the date of that certain Amendment No. 4 to Loan Agreement, by and between Bank and Borrower, and ending on September 30, 2008, Bank will loan to Borrower an amount not to exceed Forty Three Million Dollars ($40,000,0003,000,000.00) outstanding in the aggregate at any one time. During time (the period commencing on October 1, 2008 and ending on December 31, 2008, Bank will loan to Borrower an amount not to exceed Thirty Million Dollars ($30,000,000) outstanding in the aggregate at any one time. The foregoing reducing revolving loan is hereinafter referred to as the "Revolving Loan"”). The proceeds of the Revolving Loan shall be used for Borrower's ’s general working capital purposes and for the issuance of letters of creditpurposes. Borrower may borrow, repay and reborrow all or part of the Revolving Loan in amounts of not less than Five Hundred Thousand Dollars ($500,000) in accordance with the terms of the Revolving Note (defined below). All borrowings of the Revolving Loan must be made before December 31June 2, 2008 2003, at which time all unpaid principal and interest of the Revolving Loan shall be due and payable. The Revolving Loan shall be evidenced by Bank's ’s standard form of commercial promissory note (the "Revolving Note"). Bank shall enter each amount borrowed and repaid in Bank's ’s records and such entries shall be deemed correct. Omission of Bank to make any such entries shall not discharge Borrower of its obligation to repay in full with interest all amounts borrowed. The Revolving Loan As of the date of this Agreement, the principal amount outstanding under Borrower’s revolving loan with Bank evidenced by the promissory note dated July 2, 2001 (“Old Note”) shall be subject to deemed the following sublimits:initial principal amount outstanding under the Revolving Loan, and the Old Note is hereby cancelled and superceded by the Revolving Note.

Appears in 1 contract

Samples: Loan Agreement (Embarcadero Technologies Inc)

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