Revolving Credit Loan. The Borrower hereby requests a [Revolving Credit Loan under §2.1] [Swing Loan under §2.5] of the Credit Agreement: Principal Amount: $ Type (LIBOR Rate, Base Rate): Drawdown Date: Interest Period for LIBOR Rate Loans: by credit to the general account of the Borrower with the Agent at the Agent’s Head Office. [If the requested Loan is a Swing Loan and the Borrower desires for such Loan to be a LIBOR Rate Loan following its conversion as provided in §2.5(d), specify the Interest Period following conversion: ]
Revolving Credit Loan. The undersigned Borrower hereby requests a [Revolving Credit Loan under §2.1] [Swing Loan under §2.5] of the Credit Agreement: Principal Amount: $__________ Type (LIBOR Rate, Base Rate): Drawdown Date: Interest Period for Revolving Credit LIBOR Rate Loans: by credit to the general account of the Borrower with the Agent at the Agent’s Head Office. [If the requested Loan is a Swing Loan and the Borrower desires for such Loan to be a Revolving Credit LIBOR Rate Loan following its conversion as provided in §2.5(d), specify the Interest Period following conversion:_________________]
Revolving Credit Loan. Revolving Credit Loan" has the meaning set forth in Section 2.1(b).
Revolving Credit Loan. The undersigned Borrower hereby requests a [Revolving Credit Loan under §2.1] of the Credit Agreement: Principal Amount: $ Type (LIBOR Rate, Base Rate): Drawdown Date: Interest Period for LIBOR Rate Loans: by credit to the general account of the Borrower with the Agent at the Agent’s Head Office.
Revolving Credit Loan. This Mortgage is given to secure, among other things, a revolving credit loan and shall secure not only presently existing indebtedness under the Credit Agreement but also future advances, or otherwise, as are made within twenty (20) years from the date hereof, to the same extent as if such future advances were made on the date of the execution of this Mortgage, although there may be no advance made at the time of execution of this Mortgage and although there may be no indebtedness hereby secured outstanding at the time any advance is made. The lien of this Mortgage shall be valid as to all indebtedness hereby secured, including future advances, from the time of its filing for record in the recorder's or registrar's office of the county in which the Mortgaged Premises are located. The total amount of indebtedness hereby secured may increase or decrease from time to time, but the total unpaid balance of indebtedness hereby secured (including disbursements which Mortgagee may make under this Mortgage, the Credit Agreement or any other documents related thereto) at any one time outstanding shall not exceed a maximum principal amount of One Hundred Million Dollars ($100,000,000) plus interest thereon and any disbursements made for payment of taxes, special assessments or insurance on the Mortgaged Premises and interest on such disbursements (all such indebtedness being hereinafter referred to as the "maximum amount secured hereby"). This Mortgage shall be valid and have priority over all subsequent liens and encumbrances, including statutory liens, excepting solely taxes and assessments levied on the Mortgaged Premises, to the extent of the maximum amount secured hereby.
Revolving Credit Loan. Subject to the terms of this Agreement, CNB agrees to make loans (“Revolving Credit Loans”) to Borrower, from the date of this Agreement up to but not including the Termination Date, at such times as Borrower may request, up to the amount of the lesser of (a) the Revolving Credit Commitment, or (b) twice the amount of EBITDA at the time of such request. The Revolving Credit Loans may be repaid and reborrowed at any time up to the Termination Date.
Revolving Credit Loan. Revolving Credit Loan" has the meaning ------------------------------------- set forth in Section 2.1 (b).
Revolving Credit Loan. (a) Subject to the terms and conditions hereof, Bank hereby extends to Borrowers a line of credit facility (the “Facility” or the “Loan”) under which Bank may make loans (the “Revolving Loans”) to Borrowers at Borrowers’ requests from time to time during the term of this Agreement. Bank will have discretion at all times as to whether or not to make any Revolving Loan if there is any Event of Default (as defined below). Borrower may borrow, prepay, and reborrow under the Facility, provided that the principal amount of all Revolving Loans outstanding at any one time under the Facility will not exceed the foregoing limits or those limits specified in the Revolving Note. If the amount of the Revolving Loans outstanding at any time under the Facility exceeds the limits set forth above or in the Revolving Note, Borrower will immediately pay the amount of such excess to Bank in certified funds. Bank has agreed to make this Loan upon the terms and subject to the conditions of this Agreement and all documents executed pursuant to or in connection with this Agreement (all such documents and this Agreement will be called “Loan Documents”).
Revolving Credit Loan. Section 1.01(a) of the Original Loan --------------------- Agreement is hereby deleted in its entirety, and the following is inserted in lieu thereof: "Availability and Repayment. Subject to the terms and conditions of -------------------------- this Agreement, the Bank will make available for the Borrower's use during the period commencing on the date of this Agreement and ending on December 31, 2002 (the "Revolving Loan Maturity Date") a revolving credit facility of up to $6,000,000.00 (the "Revolving Credit Loan") to provide for the general working capital needs of the Borrower. So long as no Default or Event of Default has occurred which has not been cured or which the Bank, in its sole and absolute discretion, has not waived, the Borrower may borrow and reborrow amounts that have been repaid from the Revolving Credit Loan, from time to time. The Revolving Credit Loan will be evidenced by the Revolving Credit Note, and will bear interest at the rates set forth in Section 1.03, and will be payable in full on ------------ the Revolving Loan Maturity Date, unless sooner due and payable pursuant to the terms hereof; with interest payable monthly in arrears commencing January 31, 1999, and on the last Business Day of each calendar month thereafter during the existence of the Revolving Credit Loan. Notwithstanding the foregoing, the Bank may, in its sole and absolute discretion, make or permit to remain outstanding advances under the Revolving Credit Loan in excess of the original principal amount of the Revolving Credit Note, and all such amounts shall (i) be part of the Obligations evidenced by the Revolving Credit Note, (ii) bear interest as provided herein, (iii) be entitled to all rights and security as provided under the Loan Documents."
Revolving Credit Loan. The Borrower shall repay the entire outstanding principal amount of, and all accrued but unpaid interest on, each Revolving Credit Loan on the Revolving Credit Termination Date in the Currency in which such Revolving Credit Loan is denominated.
