Credit Loans. 13 SECTION 2.2 Procedure for Advances of Loans........................................ 13 SECTION 2.3
Credit Loans. Subject to the terms and conditions of this Agreement, each Lender severally agrees to make Loans to the Borrowers from time to time from the Closing Date through the Revolving Credit Termination Date as requested by the Borrowers in accordance with the terms of Section 2.2; provided, that (a) the aggregate principal amount of all outstanding Loans (after giving effect to any amount requested) shall not exceed the Aggregate Commitment and (b) the principal amount of outstanding Loans from any Lender to the Borrowers shall not at any time exceed such Lender's Commitment. Each Loan by a Lender shall be in a principal amount equal to such Lender's Commitment Percentage of the aggregate principal amount of Loans requested on such occasion. Subject to the terms and conditions hereof, the Borrowers may borrow, repay and reborrow Loans hereunder until the Revolving Credit Termination Date.
Credit Loans. (a) Subject to the terms and conditions, and relying upon the representations and warranties, set forth herein, the Lender agrees to make loans (individually a "Credit Loan" and, collectively, the "Credit Loans") to Novas from time to time during the Credit Commitment Period up to an aggregate of Five Hundred Fifty Thousand Dollars ($500,000) (the amount of its “Credit Commitment”), provided, however, that no Credit Loan shall be made if, after giving effect to such Credit Loan, the aggregate amount loaned would exceed the Credit Commitment.
Credit Loans. Upon the terms and subject to the conditions ------------ of, and in reliance upon the representations and warranties made under, this Agreement, the Lender shall make Credit Loans to Borrower from time to time from the date hereof to the Loan Maturity Date (each, a "Loan Advance"), as requested by Borrower in accordance with the terms of SECTION 2.1.2, in an aggregate principal amount outstanding not to exceed at any time $2,000,000.
Credit Loans. Each prepayment of the Loans pursuant to this SECTION 2.9(b) shall be accompanied by payment in full of all accrued interest thereon, to and including the date of such prepayment, together with any additional amounts owing pursuant to SECTION 2.19 and any outstanding fees and expenses due and owing.
Credit Loans. The Term Loans shall bear interest on the same terms as the Revolving Credit Loans prior to the conversion to Term Loans until the Continuation or Conversion thereof pursuant to Section 2.11 hereof. Amounts repaid or prepaid on the Term Loans may not be reborrowed, and the Total Revolving Credit Commitment shall be permanently reduced by any such amounts. (g) If on the Stated Revolving Credit Termination Date the Borrower does not so elect to convert all of Revolving Credit Outstandings as of such date to Term Loans as described in (f) above, then on the Stated Revolving Credit Termination Date, (i) all Revolving Credit Outstandings as of such date which are not so converted shall be due and payable in full and (ii) the Total Revolving Credit Commitment shall be reduced to the amount, if any, of Revolving Credit Outstandings so converted to Term Loans. ARTICLE III [Reserved] ARTICLE IV Change in Circumstances 4.01
Credit Loans. Upon the Agent’s receipt of a Notice of Conversion, the Agent shall promptly notify each Lender thereof. Each Conversion shall be in an aggregate amount not less than $1,000,000 or an integral multiple of $500,000 in excess thereof.
Credit Loans. (a) Subject to the terms and conditions, and relying upon the representations and warranties, set forth herein, Lender agrees to make loans (individually a “Credit Loan” and, collectively, the “Credit Loans”) to Borrower from time to time during the Credit Commitment Period in the amount up to its Credit Commitment. Outstanding borrowings under the Credit Loans to the maximum extent of the Credit Commitment shall not at any time exceed the aggregate Market Value of the Eligible Credit Assets.
