Uncommitted Line. The Company acknowledges and agrees that the Line is uncommitted and requests for advances or extensions of credit thereunder shall be approved in the sole discretion of Vey.
Uncommitted Line. (A) The Borrowers may request from time to time during the period commencing on the Effective Date and terminating at 5:00 p.m. New York City time on January 30, 1998 that the Lender advance to it certain loans (each, a "Line Loan") provided, however, that notwithstanding anything contained elsewhere in this Agreement, the making of any Line Loan shall be at the sole and absolute discretion of the Lender, notwithstanding that the Borrowers and the Credit Parties may have satisfied each and every term and condition thereto. 20 (B) Subject to paragraph (a), above, (i) Line Loans shall be ABR Loans or Eurodollar Loans; and (ii) the aggregate principal amount of Line Loans outstanding at any time shall not exceed the lesser of (x) $3,850,000, or (y) 80% of the amount of Eligible Accounts Receivable of the Borrowers at such time; provided, however, that for a period of at least 30 consecutive days, the outstanding principal amount of Line Loans must not exceed $2,000,000. All Line Loans shall be due and payable, together with any accrued and unpaid interest thereon, on January 31, 1998 or such earlier date as the Loans shall be due and payable hereunder.
Uncommitted Line. The Borrower expressly acknowledges and agrees that Tranche C is not a committed line of credit, so the resources that will be made available will depend on the financial availability or any other funding source used by Sabcapital at the time the loan is requested. Respective provision, in the absence of a fortuitous event or force majeure, a Cause of Early Maturity or a Significant Adverse Change that requires the analysis and prior authorization of Sabcapital's risk area, as well as the authorization of its internal corporate bodies. By virtue of the foregoing, in the event that all of the resources corresponding to Tranche C are not obtained, the Borrower expressly acknowledges and agrees that the total amount of Tranche C that would be made available to it, as applicable, will be reduced by the corresponding measure, hereby releasing Sabcapital from any responsibility in this regard. By virtue of the foregoing, the Commission for non-Provision will not be applicable with respect to Tranche C. Additionally, and for purposes of clarity, the Parties recognize and agree that the provisions of Clause Two, subsections (b) (Article 292 of the LGTOC ) and (c) (Non-Revolving; Proportional Credit), and in the Third Clause, subsection (h) (Credit Denouncement), as well as all other Clauses established in this Agreement and not expressly contemplated in this Second Quater Clause, They will be applicable mutatis mutandis, as appropriate, to Tranche C. Page 40 of 120
Uncommitted Line
