Credit Accommodations. 1.1. You may, in your sole discretion, from time to time, for our account, at our request, provide one or more of the following financial accommodations to us or our designee(s): (a) issue, open, or cause the issuance or opening of letters of credit or purchase or other guaranties for the purchase of goods and services in the ordinary course of our or any such designee's business or for any other purpose approved by you, (b) assist us in establishing or opening letters of credit for such purposes by indemnifying the issuer thereof or guaranteeing our payment or performance to such issuer in connection therewith, (c) make payments for our or such designee's account in connection with such purchases and/or (d) issue or guarantee drafts and acceptances relating to the foregoing or otherwise. All such letters of credit or purchase or other guaranties and other financial accommodations are referred to herein individually as a "Credit" and collectively as "Credits".
Credit Accommodations. (a) The amount of the Credit Accommodations available to be made or incurred hereunder at any particular time from time to time shall be equal to the difference between (a) the lesser at such time of (i) the Maximum Amount, or (ii) the Export-Related Borrowing Base; and (b) the Credit Accommodation Amount at such time. The Export-Related Borrowing Base shall be determined in accordance with this Agreement, the Borrower Agreement, the Waiver Letter and the Export-Related Borrowing Base Certificate. Any Eligible Export-Related Account Receivable included in the Export-Related Borrowing Base which subsequently fails to satisfy any of the applicable eligibility criteria shall immediately cease to be included in the Export-Related Borrowing Base.
Credit Accommodations. Subject to the terms and conditions hereinafter set forth, the Bank agrees to extend to the Borrower the following credit accommodation:
Credit Accommodations. Subject to the terms and conditions hereof, the Borrower shall be entitled to make the following Accommodations under the Operating Facility by way of advances, rollovers and conversions, and under the Term Facility by way of rollovers and conversions:
Credit Accommodations. Subject to the terms and conditions hereinafter set forth, Bank agrees to extend to Borrower the following credit accommodation(s) ("Credit Accommodations(s)"), which shall be evidenced by promissory note(s) ("Note(s)"):
Credit Accommodations. 2.1 Subject to the terms and conditions of this Agreement, and provided that there is not then existing a Default or an event which with the giving of notice or the passage of time or both would constitute a Default, Lender, from time to time, at Borrower's request:
Credit Accommodations. 9.1 The obligation of Lender to make any Credit Accommodation hereunder shall be subject to the conditions precedent that, on and as of the date of making of such Credit Accommodation: (a) the representations and warranties of Borrower contained herein shall be true and correct in all material respects, before and after giving effect to such Credit Accommodation and to the application of any proceeds thereof; (b) no Default and no event which, with notice or passage of time or both, would constitute a Default shall have occurred and be continuing, or would result from such Credit Accommodation or from the application of any proceeds thereof; (c) the Borrower shall have Tangible Net Worth of not less than Seven Million Dollars ($7,000,000); (d) the Borrower shall have Working Capital of not less than Six Million Dollars ($6,000,000); and (e) the Borrower shall have a cash balance of at least $750,000 (in addition to the Cash Collateral).
Credit Accommodations. Subject to completion of the deliveries called for in Section 4, and provided that no Event of Default exists hereunder or under the Reimbursement Agreement (defined at Section 4.1), Guarantor shall maintain in effect, and shall duly and timely perform each of its obligations under, the Guarantee and the Pledge Agreement, as and to the extent necessary to cause the BNW Credit Line to remain available to the Company for a term ending August 27, 1999.
Credit Accommodations. The Borrower shall not permit the outstanding principal balance of the Credit Accommodations to exceed 70% of the fair market value (as determined by the Lender) of all real property securing the Credit Accommodations at any time.
Credit Accommodations. 1.1 Fremont may, in Fremont's sole discretion, from time to time, for Borrxxxxx' xxcount, at Borrowers' request: (a) issue, open, or cause the issuance or opening of Standby Letters of Credit for any purpose approved by Fremont, and/or (b) assist Borrowers in establishing or opening Standby Letters of Credit by indemnifying the issuer thereof or guarantying Borrowers' payment or performance to such issuer in connection therewith. All such Standby Letters of Credit are referred to herein individually as a "Credit" and collectively as "Credits."
