LoanAgreement.docx
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- 上传时间:2022-10-28
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LoanAgreement.docx
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LoanAgreement
ThisLoanAgreementisenteredintoasof_________,_________,_________(M,D,Y)(this"LoanAgreement")betweenAAA,Inc.,a_________(PLACENAME)corporation(hereincalled"Borrower"),andBBBBank(hereincalled"Bank").
1.COMMITMENTS.
A.REVOLVINGLOANCOMMITMENT.SubjecttoallthetermsandconditionsofthisLoanAgreementandpriortotheterminationofitscommitmentashereinafterprovided,Bankherebyagreestomakeloans(eacha"RevolvingLoan")toBorrower,fromtimetotimeandinsuchamountsasBorrowershallrequestpursuanttothisSection1.A.,uptoanaggregateprincipalamountoutstandingundertheRevolvingLoanAccount(ashereinafterdefined)nottoexceedtheleastof:
(a)$,_________pluseightypercent(80.0%)ofEligibleAccounts(asthesamemaybeadjustedfromtimetotimeasprovidedforunderSection9.B.hereof,the"BorrowingBase")or(b)$,_________(the"RevolvingLoanCommitment"),asthesamemaybeadjustedinaccordancewithSections1.A.
(2)or1.A.(3)hereof.Ifatanytimeorforanyreason,theoutstandingprincipalamountoftheRevolvingLoanAccountisgreaterthantheleastof,(x)theBorrowingBaseor(y)theRevolvingLoanCommitment,BorrowershallimmediatelypaytoBankupondemand,incash,theamountofsuchexcess.AnycommitmentofBank,pursuanttothetermsofthisLoanAgreement,tomakeRevolvingLoansshallexpireontheRevolvingLoanMaturityDate(ashereinafterdefined),subjecttoBank'srighttorenewsaidcommitmentinitssoleandabsolutediscretionatBorrower'srequest.AnysuchrenewalofsaidcommitmentshallnotbebindinguponBankunlessitisinwritingandsignedbyanofficerofBank.ProvidedthatnoEventofDefault(ashereinafterdefined)hasoccurredandiscontinuing,alloranyportionoftheRevolvingLoansadvancedbyBankwhicharerepaidbyBorrowershallbeavailableforreborrowinginaccordancewiththetermshereof.BorrowerpromisestopaytoBanktheentireoutstandingunpaidprincipalbalance(andallaccruedunpaidinterestthereon)oftheRevolvingLoanAccountonorbefore_________,_________,_________(M,D,Y)("RevolvingLoanMaturityDate").
(1)REVOLVINGLOANS.TheamountofeachRevolvingLoanmadebyBanktoBorrowerhereundershallbedebitedtotheloanledgeraccountofBorrowermaintainedbyBankfortheRevolvingLoanCommitment(hereincalledthe"RevolvingLoanAccount")andBankshallcredittheRevolvingLoanAccountwithallloanrepaymentsinrespectthereofmadebyBorrower.WhenBorrowerdesirestoobtainaRevolvingLoan,BorrowershallnotifyBank(whichnoticeshallbesignedbyanofficerofBorrowerandshallbeirrevocable)inaccordancewithSection2hereof,tobereceivednolaterthan3:
00p.m.Pacifictimeone
(1)BankingDay(ashereinafterdefined)beforethedayonwhichtheRevolvingLoanistobemade.RevolvingLoansmayonlybeusedforworkingcapitalpurposesandfortheissuanceoflettersofcreditandcorporatecreditcardsasfurtherdescribedbelow.
(A)LETTEROFCREDITUSAGEANDSUBLIMIT.SubjecttotheavailabilityoftheRevolvingLoanCommitmentandinrelianceontherepresentationsandwarrantiesofBorrowersetforthherein,atanytimeandfromtimetotimefromthedatehereofthroughtheBankingDayimmediatelypriortotheRevolvingLoanMaturityDate,BankshallissuefortheaccountofBorrowersuchstandbyandcommerciallettersofcredit("LettersofCredit")asBorrowermayrequest,whichrequestshallbemadebydeliveringtoBankadulyexecutedletterofcreditapplicationonBank'sstandardform;provided,however,thattheoutstandingandundrawnamountsunderallsuchLettersofCredit(i)shallnotatanytimeexceed$,_________and(ii)shallbedeemedtoconstituteRevolvingLoansforthepurposeofcalculatingavailabilityundertheRevolvingLoanCommitment.UnlessBorrowershallhavedepositedwithBankcashcollateralinanamountsufficienttocoverallundrawnamountsundereachsuchLetterofCredit,noLetterofCreditshallhaveanexpirationdatethatislaterthantheRevolvingLoanMaturityDate.AllLettersofCreditshallbeinformandsubstanceacceptabletoBankinitssolediscretionandshallbesubjecttothetermsandconditionsofBank'sformapplicationandletterofcreditagreement.BorrowerwillpayanystandardissuanceandotherfeesthatBanknotifiesBorrowerwillbechargedforissuingandprocessingLettersofCreditforBorrower.
(B)CORPORATECREDITCARDUSAGEANDSUBLIMIT.SubjecttotheavailabilityoftheRevolvingLoanCommitmentandinrelianceontherepresentationsandwarrantiesofBorrowersetforthherein,atanytimeandfromtimetotimefromthedatehereofthroughtheBankingDayimmediatelypriortotheRevolvingLoanMaturityDate,Bankshallmakeadvances("CreditCardAdvances")undertheRevolvingLoanCommitmentinaccordancewiththetermsandconditionsofthatce
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