Common use of Advances; Payments Clause in Contracts

Advances; Payments. 2.1. (a) Revolving Advances. Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount or (y) an amount equal to the sum of:

Appears in 3 contracts

Samples: Security Agreement (Richton International Corp), Security Agreement (Richton International Corp), Health Chem Corp

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Advances; Payments. 2.1. (a) Revolving Advances. Subject to the terms and conditions set forth in this AgreementAgreement including, each without limitation, Section 2.1(b), Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit, or (y) an amount equal to the sum of:

Appears in 1 contract

Samples: Security Agreement (Gencor Industries Inc)

Advances; Payments. 2.1. (a) Revolving Advances. Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrowers Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount (less the sum of the aggregate amount of (I) outstanding Letters of Credit, (II) outstanding Equipment Value Advances and (III) outstanding Inventory Value Advances) or (y) an amount equal to the sum of:

Appears in 1 contract

Samples: Security Agreement (Allstate Financial Corp /Va/)

Advances; Payments. 2.1. (a) Revolving Advances. Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, Lender will make Revolving Advances to Borrowers Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the sum of (i) the aggregate undrawn amount of all outstanding Letters of Credit, plus (ii) the aggregate outstanding amounts of all Standby L/C Advances or (y) an amount equal to the sum ofto:

Appears in 1 contract

Samples: Security Agreement (Meridian Sports Inc)

Advances; Payments. 2.1. (a) Revolving Advances. Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit and Acceptances or (y) an amount equal to the sum of:

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Hirsch International Corp)

Advances; Payments. 2.1. (a) Revolving Advances. Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit and GE Proceeds Advances or (y) an amount equal to the sum of:

Appears in 1 contract

Samples: Security Agreement (Lesco Inc/Oh)

Advances; Payments. 2.1. (a) Revolving Advances. Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

Appears in 1 contract

Samples: Security Agreement (Batteries Batteries Inc)

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Advances; Payments. 2.1. 2.1 (a) Revolving Advances. Subject to the terms and conditions set forth in this AgreementAgreement including, without limitation, Section 2.1(b), each Lender, severally and not jointly, will make loans (the "Revolving Advances Advances") to Borrowers in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount or (y) an amount equal to the sum of:Maximum

Appears in 1 contract

Samples: Security Agreement (Robotic Vision Systems Inc)

Advances; Payments. 2.1. 2.1 (a) Revolving Advances. Advances Subject to the terms and conditions set forth in this AgreementAgreement including, each without limitation, Section 2.1(b), Lender, severally and not jointly, will make Revolving Advances to Borrowers Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount or (y) an amount equal to the sum of:

Appears in 1 contract

Samples: Security Agreement (Franklin Electronic Publishers Inc)

Advances; Payments. 2.1. 2.1 (a) Revolving Advances. Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrowers Borrower in aggregate amounts outstanding at any time equal to not greater than such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

Appears in 1 contract

Samples: Security Agreement (Danskin Inc)

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