Common use of The Line of Credit Clause in Contracts

The Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrower from time to time from the date hereof to the Expiration Date, in an amount of up to $2,000,000.00. (the “Line of Credit”). Within the foregoing limits, the Borrower may borrow, partially or wholly prepay, and reborrow under this Section 2.1. Proceeds of the Line of Credit shall be used to refinance an existing loan with another lender and assist with general working capital needs for the Borrower’s operation.

Appears in 1 contract

Samples: Credit Agreement (Guidance Software, Inc.)

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The Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrower from time to time from the date hereof to the Expiration Date, in an provided the aggregate amount of up to such Advances outstanding at any time does not exceed $2,000,000.00. 22,000,000.00 through February 5, 2003 and $18,000,000.00 thereafter (the "Line of Credit"). Within the foregoing limits, the Borrower may borrow, partially or wholly prepay, and reborrow under this Section 2.1. Proceeds of the Line of Credit shall be used to refinance an existing loan with another lender and assist with for general working capital needs for the Borrower’s operation.purposes. 2.1.2

Appears in 1 contract

Samples: Agreement (Golden State Vintners Inc)

The Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrower from time to time from the date hereof to the Expiration Date, in an provided the aggregate amount of up to such Advances outstanding at any time does not exceed $2,000,000.00. 20,000,000.00 (the “Line of Credit”). Within the foregoing limits, the Borrower may borrow, partially or wholly prepay, and reborrow under this Section 2.1. Proceeds of the Line of Credit shall be used to refinance an existing loan with another lender and assist with the general working capital needs for of the Borrower’s operationoperations.

Appears in 1 contract

Samples: Credit Agreement (Ixys Corp /De/)

The Line of Credit. On terms and conditions as set forth herein, the The Bank agrees to make Advances to the Borrower from time to time from the date hereof to the Expiration Date, in an provided the aggregate amount of up such Advances outstanding at any time does not exceed $15,000,000 subject, however, to $2,000,000.00. (the “Line of Credit”)further limitations provided in Section 5.1. Within the foregoing limits, the Borrower may borrow, partially or wholly prepay, and reborrow re-borrow under this Section 2.1. Proceeds of the Line of Credit shall be used to refinance an existing loan with another lender and assist with general working capital needs for the Borrower’s operation2.

Appears in 1 contract

Samples: 1998 Credit Agreement (Align Rite International Inc)

The Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrower Borrowers from time to time from the date hereof to the Expiration Date, in an provided the aggregate amount of up to such Advances outstanding at any time does not exceed $2,000,000.00. 40,000,000.00 (the “Line of Credit”). Within the foregoing limits, the Borrower Borrowers may borrow, partially or wholly prepay, and reborrow under this Section 2.1. Proceeds of the Line of Credit shall be used to refinance an existing loan with another lender and assist with general seasonal working capital needs for the Borrower’s operationand acquisitions.

Appears in 1 contract

Samples: Credit Agreement (Volcom Inc)

The Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrower from time to time from the date hereof to the Expiration Date, in an provided the aggregate amount of up to such Advances outstanding at any time does not exceed $2,000,000.00. 35,000,000.00 (the “Line of Credit”). Within the foregoing limits, the Borrower may borrow, partially or wholly prepay, and reborrow under this Section 2.1. Proceeds of the Line of Credit shall be used to refinance an existing loan with another lender and assist with for general working capital needs for the Borrower’s operationcorporate purposes.

Appears in 1 contract

Samples: Credit Agreement (Cheesecake Factory Incorporated)

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The Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrower from time to time from the date hereof to the Expiration Date, in an provided the aggregate amount of up to such Advances outstanding at any time does not exceed $2,000,000.00. 3,000,000.00 (the "Line of Credit"). Within the foregoing limits, the Borrower may borrow, partially or wholly prepay, and reborrow under this Section 2.1. Proceeds of the Line of Credit shall be used to refinance an existing loan with another lender and assist with general for working capital needs for the Borrower’s operationpurposes.

Appears in 1 contract

Samples: Credit Agreement (Applied Signal Technology Inc)

The Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrower from time to time from the date hereof to the Expiration Date, in an provided the aggregate amount of up to such Advances outstanding at any time does not exceed $2,000,000.00. 5,000,000.00 (the "Line of Credit"). Within the foregoing limits, the Borrower may borrow, partially or wholly prepay, and reborrow under this Section 2.1. Proceeds of the Line of Credit shall be used to refinance an existing loan with another lender and assist with general provide funds for working capital needs for the Borrower’s operationrequirements.

Appears in 1 contract

Samples: Loan Disbursement Instructions (Scientific Technologies Inc)

The Line of Credit. On terms and conditions as set forth herein, the Bank agrees to make Advances to the Borrower from time to time from the date hereof to the Expiration Date, in an provided the aggregate amount of up to such Advances outstanding at any time does not exceed $2,000,000.00. 3,000,000.00 (the “Line of Credit”). Within the foregoing limits, the Borrower may borrow, partially or wholly prepay, and reborrow under this Section 2.1. Proceeds of the Line of Credit shall be used to refinance an existing loan with another lender and assist with general working capital needs for of the Borrower’s operationoperations.

Appears in 1 contract

Samples: Credit Agreement (Guidance Software, Inc.)

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