Common use of Revolving Loan Commitment Clause in Contracts

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of Borrower set forth herein and in the other Loan Documents, Lender agrees to make such Revolving Loans at such times as Borrower may from time to time request, pursuant to the terms of this Agreement, until, but not including, the Revolving Loan Maturity Date, and in such amounts as Borrower may from time to time request up to the Revolving Loan Availability; provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by Lender may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise terminated or extended as provided in this Agreement. The Revolving Loans shall be used by Borrower for ongoing working capital purposes.

Appears in 4 contracts

Samples: Security Agreement (Sunpeaks Ventures, Inc.), Guaranty Agreement (Sunpeaks Ventures, Inc.), Facility Agreement (Sunpeaks Ventures, Inc.)

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Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of Borrower set forth herein and in the other Loan Documents, Lender agrees to make such Revolving Loans at such times as Borrower may from time to time request, pursuant to the terms of this Agreement, until, but not including, the Revolving Loan Maturity Date, and in such amounts as Borrower may from time to time request up to the Revolving Loan Availability; provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by Lender may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise terminated or extended as provided in this Agreement. The Revolving Loans shall be used by Borrower for the purpose of ongoing working capital purposes.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Facility Agreement (Medytox Solutions, Inc.), Credit Agreement (TouchIT Technologies, Inc.)

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of Borrower Borrowers set forth herein and in the other Loan Documents, Lender agrees to make such Revolving Loans at such times as Borrower Borrowers may from time to time request, pursuant to the terms of this Agreement, until, but not including, the Revolving Loan Maturity Date, and in such amounts as Borrower the Borrowers may from time to time request up to the Revolving Loan Availability; provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by Lender may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise terminated or extended as provided in this Agreement. The Revolving Loans shall be used by Borrower the Borrowers for ongoing the purpose of refinancing existing debt (includeing without limitation, outstanding debt under the Debenture Documents and any Obligations), working capital and other general corporate purposes.

Appears in 2 contracts

Samples: Credit Agreement (National Automation Services Inc), Credit Agreement (National Automation Services Inc)

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of Borrower set forth herein and in the other Loan Documents, Lender agrees to make such Revolving Loans at such times as Borrower may from time to time request, pursuant to the terms of this Agreement, until, but not including, the Revolving Loan Maturity Date, and in such amounts as Borrower may from time to time request up to the Revolving Loan Availability; provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by Lender may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise terminated or extended as provided in this Agreement. The Revolving Loans shall be used by Borrower for the purpose of ongoing working capital purposespurposes and for purposes of payment of interest and/or principal to Next View Capital, LP; Xxxxxxx Xxxxxx, MD; and Xxxxx Xxxx, MD, pursuant to certain of the Subordinated Agreements (as defined in the Subordination Agreements).

Appears in 1 contract

Samples: Senior Secured Revolving Credit Facility Agreement (Redfin Network, Inc.)

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of Borrower Borrowers set forth herein and in the other Loan Documents, Lender agrees to make such Revolving Loans at such times as Borrower Borrowers may from time to time request, pursuant to the terms of this Agreement, until, but not including, the Revolving Loan Commitment Maturity Date, and in such amounts as Borrower Borrowers may from time to time request up to the Revolving Loan Availability; provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan Availability. Revolving Loans made by Lender may be repaid and, subject to the terms and conditions hereof, additional Revolving Loans may be borrowed again up to, but not including including, the Revolving Loan Commitment Maturity Date Date, unless the Revolving Loans are Loan Commitment is otherwise terminated or extended as provided in this Agreementterminated. The Revolving Loans shall be used by Borrower Borrowers for the purpose of ongoing working capital purposes.

Appears in 1 contract

Samples: Credit Agreement (Speedemissions Inc)

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Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of the Borrower set forth herein and in the other Loan Documents, Lender the Bank agrees to make such Revolving Loans at such times as the Borrower may from time to time request, pursuant to the terms of this Agreement, request until, but not including, the Revolving Loan Maturity Date, and in such amounts as the Borrower may from time to time request up to the Revolving Loan Availability; request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the (i) the Revolving Loan Availability less (ii) the Revolving Loan Excess Availability. Revolving Loans made by Lender the Bank may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise accelerated, terminated or extended as provided in this Agreement. The Revolving Loans shall be used by the Borrower for ongoing the purposes of refinancing existing indebtedness with Xxxx Xxxxxx Bank, funding working capital and for general corporate purposes.

Appears in 1 contract

Samples: Loan and Security Agreement (Cti Industries Corp)

Revolving Loan Commitment. Subject to the terms and conditions of this Agreement and the other Loan Documents, and in reliance upon the representations and warranties of Borrower set forth herein and in the other Loan Documents, Lender agrees to make such Revolving Loans at such times as Borrower may from time to time request, pursuant to the terms of this Agreement, request until, but not including, the Revolving Loan Maturity Date, and in such amounts as Borrower may from time to time request up to the Revolving Loan Availability; request, provided, however, that the aggregate principal balance of all Revolving Loans outstanding at any time shall not exceed the Revolving Loan AvailabilityCommitment. Revolving Loans made by Lender may be repaid and, subject to the terms and conditions hereof, borrowed again up to, but not including the Revolving Loan Maturity Date unless the Revolving Loans are otherwise accelerated, terminated or extended as provided in this Agreement. The Revolving Loans shall be used by Borrower to refinance existing Debt of Borrower, to pay fees, costs and expenses and to provide for ongoing working capital purposesrequirements and general corporate purposes of Borrower.

Appears in 1 contract

Samples: Loan and Security Agreement (Ari Network Services Inc /Wi)

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