Common use of Advances and Interest Clause in Contracts

Advances and Interest. 3.1 Subject to the terms and conditions of this Agreement, we shall make up to an aggregate of $7,500,000.00 (the "Maximum Credit Facility") available to you and your affiliates, Westwater Industries, Inc. (under our separate Accounts Receivable Financing Agreement with such borrower) and Carlyle Industries, Inc. (under our separate Financing Agreement with such borrower) (available to each such affiliate under their respective financing agreements)upon request therefor, as follows: (a) we will make revolving credit advances to you, in our sole discretion exercised by us in accordance with our reasonable business judgment, in amounts of up to eighty-five percent (85%) of the Net Amount of Eligible Accounts. (b) subject to your execution and delivery of an inventory security agreement supplement in form and substance satisfactory to us, we will make revolving credit advances to you, in our sole discretion exercised by us in accordance with our reasonable

Advances and Interest. 3.1 Subject to the terms and conditions of this Agreement, we shall make up to an aggregate of $7,500,000.00 (the "Maximum Credit Facility") available to you and your affiliates, Westwater Industries, Inc. affiliates Blumenthal/Lansing Company (under our separate Accounts Receivable Financing Rec▇▇▇▇▇▇▇ ▇▇nancing Agreement with such borrower) and Carlyle Industries, Inc. (under our separate Financing Agreement with such borrower) (available to each such affiliate under their respective financing agreements)upon agreements) upon request therefor, as follows: (a) we will make revolving credit advances to you, in our sole discretion exercised by us in accordance with our reasonable business judgment, in amounts of up to eighty-five percent (85%) of the Net Amount of Eligible Accounts. (b) subject to your execution and delivery of an inventory security agreement supplement in form and substance satisfactory to us, we will make revolving credit advances to you, in our sole discretion exercised by us in accordance with our reasonable