Terms of the Credit. 2.1 [Intentionally Omitted].
Terms of the Credit. (a) Upon the terms and conditions of this Agreement, and in reliance upon the representations and warranties of the Borrowers set forth in Section 8 hereof, the Bank shall, from time to time during the period from the Agreement Date to the Credit Facility Termination Date, extend credit to the any of the Borrowers in the form of Loans (the “Credit Facility”). The sum of the aggregate principal amounts of all outstanding Loans shall not at any time exceed Thirty Million United States Dollars (U.S.$30,000,000.00) (the “Commitment”). Within the foregoing limits, the Borrowers may borrow Loans, repay Loans, prepay Loans (to the extent permitted under Sections 3 hereof), and re-borrow Loans on or after the Agreement Date up to the Business Day before the Credit Facility Termination Date, in accordance with the terms hereof.
Terms of the Credit. A. Commitment......................................................................................9 B. Purpose of the Credit Facility..................................................................9 C. Note............................................................................................9 D. Procedure for Advance against Underlying Loans..................................................9 E. Procedure for Advance Against Mortgage-Backed Securities........................................9 F.
Terms of the Credit. Section 4.03 of the Credit Agreement is amended by adding the following paragraph (d):
Terms of the Credit. FACILITY PART A -- TERMS OF LENDING
Terms of the Credit. 2.1 [Intentionally Omitted] 2.2 Revolving Loans
Terms of the Credit. Upon the terms and conditions of this Agreement, and in reliance upon the representations and warranties of the Borrower set forth in Section 8 hereof, the Bank may in its discretion, from time to time during the period from the Agreement Date to the Credit Facility Termination Date, extend credit to the Borrower in the form of Loans on an uncommitted basis (the "Credit Facility "). The aggregate principal amount of all outstanding Loans shall not at any time exceed Twelve Million Dollars (U.S. $12,000,000.00). Within the foregoing limits, the Borrower may request Loans and repay Loans on or after the Agreement Date up to the Business Day before the Credit Facility Termination Date.
Terms of the Credit. 10 2.1 Bank's Commitments..................................................10 2.2 The Revolving Note..................................................10 2.3
Terms of the Credit. 2.1 Bank's Commitments. Upon the terms and subject to the conditions of this Agreement, the Bank will extend credit to the Borrowers prior to the Termination Date through the following financial accommodations: (a) the Bank hereby commits to lend to Borrowers, by making Advances to the Borrowers on a revolving basis and by issuing Import L/Cs for the account of Borrowers, for use by the Borrowers in their general business operations, subject to repayment as hereinafter stated, up to the maximum aggregate amount available under the Revolving Commitment, at any time through the date hereof through and including the Termination Date (provided there is sufficient Available Credit to permit said levels of borrowing), provided further that the FX Amount calculated from time to time shall reduce (on a dollar for dollar basis) the amount available under the Revolving Commitment for Advances and Import L/Cs; (b) within the Revolving Commitment, the Bank hereby further commits, subject to the conditions and limitations set forth in Section 2.6 below and elsewhere in this Agreement, to make its foreign currency exchange facilities available to Borrowers by entering into contracts with Borrowers for sale by Bank to Borrowers of various foreign currencies (provided there is sufficient Available Credit to permit such activity in accordance with Section 2.6 and recognizing that the FX Amount calculated from time to time shall reduce (on a dollar for dollar basis) the amount available under the Revolving Commitment for Advances and Import L/Cs). The sum of all Advances outstanding under this Agreement, the face amounts of all Import L/Cs outstanding under this Agreement, and the FX Amount (the Aggregate Outstandings) shall not at any time exceed the Available Credit at any given time from and including the Termination Date. Repayment and reborrowing under the Revolving Commitment shall be permitted subject to the conditions hereinafter set forth.
Terms of the Credit. (a) Subject to the terms and conditions of this Agreement and in the relevant Term Loan Note, and in reliance upon the representations and warranties of the Borrower set forth in Section 10, the Lender may make term loans (each a “Term Loan”) to the Borrower from time to time.
