Excel-Tech definition
Examples of Excel-Tech in a sentence
Subject to the terms and conditions of this Agreement, Bank hereby agrees to make a loan to Borrower in the principal amount of Twenty-Five Million Dollars ($25,000,000.00) (the “Term Loan”), the proceeds of which shall be used for working capital and general corporate purposes and to finance Borrower’s acquisition of Excel-Tech.
Subject to the terms and conditions of this Agreement, Bank hereby agrees to make loans (each such loan, a “Revolving Credit Loan”) to Borrower from time to time on any Business Day during the Availability Period, not to exceed at any time the aggregate principal amount of Thirteen Million Dollars ($13,000,000.00) (the “Revolving Line of Credit”), the proceeds of which shall be used for working capital and general corporate purposes and to provide financing for Borrower’s acquisition of Excel-Tech.