COMMITMENTS OF THE BORROWER Sample Clauses

COMMITMENTS OF THE BORROWER. Until the loan has been repaid in full, the Borrower shall:
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COMMITMENTS OF THE BORROWER. During its entire term of the line of credit, the Borrower must:
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COMMITMENTS OF THE BORROWER. 8.1 The borrower shall withdraw and use the loan according to the term and purpose as prescribed in the contract, which shall not be applied to fixed assets or equity investment, or the stock market, futures market or other purposes banned or restricted by related laws and regulations in any form.
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COMMITMENTS OF THE BORROWER. 4.1 The Borrower, as a major shareholder of the Borrower’s Company, agrees that it shall cause the Borrower’s Company, during the term of this Agreement,
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COMMITMENTS OF THE BORROWER. The borrower has the commitments as follows:
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COMMITMENTS OF THE BORROWER. 4.1 The borrower irrevocably undertakes that:
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COMMITMENTS OF THE BORROWER. 8.1 Withdraw and use the loan according to the term and usage agreed herein. The loan borrowed will not be used to invest in fixed assets, equities, etc. or flow into securities markets and future markets by any means, or fulfill other purposes prohibited or restricted by relevant laws and regulations.
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COMMITMENTS OF THE BORROWER. Throughout the term of the Agreement, the Borrower agrees:
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Related to COMMITMENTS OF THE BORROWER

  • Commitments and Credit Extensions 2.01 The Loans .

  • Term Loan Commitments Subject to the terms and conditions hereof, and relying upon the representations and warranties herein set forth, each Lender severally agrees to make a term loan (the “Term Loan”) to the Borrower on the Closing Date in such principal amount as the Borrower shall request up to, but not exceeding such Lender’s Term Loan Commitment.

  • The Commitments and Credit Extensions 2.01 The Loans.

  • Revolving Commitments If for any reason the Total Revolving Outstandings at any time exceed the Aggregate Revolving Commitments then in effect, the Borrower shall immediately prepay Revolving Loans and/or Swing Line Loans and/or Cash Collateralize the L/C Obligations in an aggregate amount equal to such excess; provided, however, that the Borrower shall not be required to Cash Collateralize the L/C Obligations pursuant to this Section 2.05(b)(i) unless after the prepayment in full of the Revolving Loans and Swing Line Loans the Total Revolving Outstandings exceed the Aggregate Revolving Commitments then in effect.

  • Revolving Credit Commitments (a) Subject to the terms and conditions hereof, each Lender severally agrees to make revolving credit loans in Dollars (“Revolving Credit Loans”) to any of IBM or any Subsidiary Borrower from time to time during the Revolving Credit Commitment Period. During the Revolving Credit Commitment Period each Borrower may use the Revolving Credit Commitments by borrowing, prepaying the Revolving Credit Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof. Notwithstanding anything to the contrary contained in this Agreement, in no event may Revolving Credit Loans be borrowed under this Section 2 if, after giving effect thereto, (i) the aggregate principal amount of the US$ Loans and Local Currency Loans (US$ Equivalent) then outstanding would exceed the aggregate Revolving Credit Commitments then in effect, (ii) the aggregate principal amount of US$ Loans and Local Currency Loans (US$ Equivalent) made to any Subsidiary Borrower then outstanding would exceed the Maximum Subsidiary Borrowing Amount with respect to such Subsidiary Borrower set forth in the most recent Subsidiary Borrower Notice and Designation delivered by IBM pursuant to Section 5.2(d) or (iii) the aggregate principal amount of Revolving Credit Loans, Swing Line Loans, Local Currency Loans (US$ Equivalent) and Funded Participations made by any Lender then outstanding would exceed such Lender’s Revolving Credit Commitment. IBM shall notify the Lenders (through the Administrative Agent) promptly after it has determined to cause any Subsidiary to become a Subsidiary Borrower, but in any event no later than the date such Subsidiary actually becomes a Subsidiary Borrower hereunder.

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