LoanAgreement.docx

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