AMOUNT AND TERMS OF. LOANS Section 2.1
AMOUNT AND TERMS OF. CANADIAN ACCEPTANCE FACILITY SECTION 3.1
AMOUNT AND TERMS OF. LOAN 1.1
AMOUNT AND TERMS OF. LOANS Section 2.01 Commitments . . . . . . . . . . . . . . . . . . . . . . . . 16 Section 2.02
AMOUNT AND TERMS OF. LOAN 2.1 Principal Debt. Debtor acknowledges an initial Principal Debt of $6,950,000 to be due and owing to Secured Party as of the Closing Date. 2.2
AMOUNT AND TERMS OF. CREDITS Section 2.01. Commitments of the Tranche A DIP Lenders....................29 Section 2.02. Tranche B Credit-Linked Accounts............................29 Section 2.03. Making of Tranche B Loans...................................33 Section 2.04. Letters of Credit...........................................33 Section 2.05. Issuance....................................................36 Section 2.06. Nature of Letter of Credit Obligations Absolute.............37 Section 2.07. Making of Loans.............................................37 Section 2.08. Repayment of Loans; Evidence of Debt........................38 Section 2.09. Interest on Loans...........................................39 Section 2.10. Default Interest............................................40 Section 2.11. Optional Termination or Reduction of Commitment or Borrowing Limits......................................................40 Section 2.12. Alternate Rate of Interest..................................41 Section 2.13. Refinancing of Loans........................................41 Section 2.14. Reduction Events............................................42 Section 2.15. Optional Prepayment of Loans; Reimbursement of DIP Lenders..47 Section 2.16. Reserve Requirements; Change in Circumstances...............49 Section 2.17. Change in Legality..........................................51 Section 2.18. Pro Rata Treatment, Etc.....................................51 Section 2.19. Taxes.......................................................52 Section 2.20. Certain Fees................................................54 Section 2.21.
AMOUNT AND TERMS OF. CREDIT 2.1 Commitment to Lend (a) Commitment to Make Revolving Loans (b) Commitment to Make Term Loans (c) Increased Costs (d) Illegality or Impossibility (e) Capital Requirements (f) Special Notice Requirements (g) Conversion and Continuation of Loans (h) Limitation on Types of Loans 2.2 Prepayment (a) Voluntary Prepayment (b) Payments Not at End of Interest Period 2.3 Fees and Commissions (a) Commitment Fee (b) Closing Fee 2.4 Calculation of Interest; Post-Default Interest 2.5 Payments 2.6 Payment on Non-Business Days 2.7 Application of Payments 2.8 Conditions Precedent to Loans (a) First Loan (b) All Loans (c) Term Loans 2.9
AMOUNT AND TERMS OF. THE REVOLVING LOAN 15 Section 2.1. Revolving Loan Commitment 15 Section 2.2. Procedure for Borrowing Revolving Loan 15 Section 2.3. Funding of Borrowing 15 Section 2.4. (Intentionally Omitted). 15
AMOUNT AND TERMS OF. LOAN Section 2.1 Revolving Line of Credit Loan Subject to the terms and conditions set forth herein (including, the discretion of the Lender with regard to Future Advances), the Lender agrees to make available to the Borrower a revolving line of credit loan (the “Loan”) in an amount not to exceed the sum of FIVE HUNDRED THOUSAND DOLLARS ($500,000.00). The Borrower will execute and deliver to the Lender the Note bearing interest at TEN percent (10%) per annum calculated on the basis of the actual number of days in the year for the actual number of days in the applicable period. The entire unpaid principal balance then outstanding plus accrued and unpaid interest, if any, shall mature and be due and payable on the Maturity Date, at which time the Loan shall be reviewed by the Lender and renewed, modified or terminated in the Lender's sole and absolute discretion. 2 Subject to the terms and conditions set forth herein, the Borrower may borrow, repay and reborrow at any time while the Note is outstanding, but at no time shall the aggregate principal amount outstanding be greater than FIVE HUNDRED THOUSAND DOLLARS ($500,000.00). Furthermore, at no time will the Borrower reduce the principal balance under the Note to less than ONE THOUSAND DOLLARS ($1,000.00) unless the Borrower intends to pay the Note in full. All advances must be supported by a Certificate and Loan Advance Request in the form attached hereto as Exhibit “A.” Section 2.2 Initial and Future Advances under the Loan The Lender shall fund to the Borrower [One Hundred Thousand Dollars ($100,000)] on the Closing Date (the “Initial Advance”). All or part of the [Four Hundred Thousand Dollar ($400,000)] balance of the Loan may be drawn down from time to time during the term of this Agreement only upon Lender’s receipt of a Certificate and Loan Advance Request, and then solely in the discretion of the Lender. Any such amounts which Lender shall in its discretion elect to fund, shall be referred to herein as a “Future Advance”. Section 2.3 Prepayment of Loan The Note may be prepaid in whole or in part without penalty. Any voluntary or mandatory partial prepayment shall be applied first to any accrued and unpaid interest and the balance (if any) in reduction of the principal amount outstanding. Section 2.4 Intent Not to Commit Usury The Borrower does not intend or expect to pay, nor does the Lender intend or expect to charge, accept or collect, any interest under the Note, this Agreement or any other instr...
AMOUNT AND TERMS OF
