Common use of Credit Limit Clause in Contracts

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).

Appears in 2 contracts

Samples: Loan and Security Agreement (Omnicell Com /Ca/), Loan and Security Agreement (Omnicell Inc /Ca/)

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Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 5,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. ================================================================================

Appears in 2 contracts

Samples: Loan and Security Agreement (Firepond Inc), Loan and Security Agreement (Vixel Corp)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. of (ia) a total of $10,000,000 1,000,000 at any one time outstanding (the "Maximum Credit Limit"); , or (iib) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).; provided that the total outstanding Obligations under this Loan Agreement and under the Non-Exim Agreement (as defined below) shall not at any time exceed $2,500,000 (the "Overall Credit Limit"). ================================================================================

Appears in 1 contract

Samples: Loan and Security Agreement (Viseon Inc)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 15,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above). LETTER OF CREDIT SUBLIMIT (Section 1.5): $15,000,000.

Appears in 1 contract

Samples: Loan and Security Agreement (Onyx Software Corp/Wa)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 3,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. ================================================================================

Appears in 1 contract

Samples: Loan and Security Agreement (Intellicorp Inc)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 3,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).

Appears in 1 contract

Samples: Loan and Security Agreement (Natus Medical Inc)

Credit Limit. (Section 1.1Section1.1): An amount not to exceed the lesser of. : (i) $10,000,000 5,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7570% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. ================================================================================

Appears in 1 contract

Samples: Loan and Security Agreement (Zamba Corp)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 at any one time outstanding (the "Maximum Overall Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. Loans will be made to each Borrower based on the Eligible Receivables of each Borrower, subject to the Overall Credit Limit set forth above for all Loans to all Borrowers combined. ==============================================================================

Appears in 1 contract

Samples: Loan and Security Agreement (Sa Telecommunications Inc /De/)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above). Loans will be made to each Borrower based on the Eligible Receivables of each Borrower, subject to the Maximum Credit Limit set forth above for all Loans to all Borrowers combined. Cash Management Sublimit (Section 1.6): See Section 1.6 above. 2.

Appears in 1 contract

Samples: Security Agreement (Cobalt Group Inc)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).

Appears in 1 contract

Samples: Loan and Security Agreement (LTX Corp)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 5,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. Letter of Credit Sublimit (Section 1.5): $500,000 ================================================================================

Appears in 1 contract

Samples: Landlord Agreement (Etinuum Inc)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 75(A) 70% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).

Appears in 1 contract

Samples: Loan and Security Agreement (Lightspan Partnership Inc)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. of (i) $10,000,000 2,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. LETTER OF CREDIT SUBLIMIT (Section 1.5): $500,000 ================================================================================

Appears in 1 contract

Samples: Loan and Security Agreement (Wireless Inc)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. LETTER OF CREDIT SUBLIMIT (Section 1.5): $500,000

Appears in 1 contract

Samples: Loan and Security Agreement (Lightspan Partnership Inc)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 7,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7585% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).

Appears in 1 contract

Samples: Loan and Security Agreement (Ag Associates Inc)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. (i) of a total of $10,000,000 3,000,000 at any one time outstanding (the "Maximum Overall Credit Limit"); , or the sum of (iia) 75and (b) below: (a) 85% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above)., plus

Appears in 1 contract

Samples: Ecoscience Corp/De

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Credit Limit. (Section 1.1): An amount (the "Credit Limit") not to exceed the lesser of. : (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 7585% of the amount of Borrower's Eligible Receivables (as defined in Section 8 9.1(n) above).

Appears in 1 contract

Samples: Loan and Security Agreement (Idt Corp)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. of (i) $10,000,000 1,500,000 at any one time outstanding (the "Maximum Credit Limit"); , or (ii) 7580% of the amount of Borrower's ’s Eligible Receivables (as defined in Section 8 above).

Appears in 1 contract

Samples: Security Agreement (Endocardial Solutions Inc)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 3,500,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. Loans will be made to each Borrower based on the Eligible Receivables of each Borrower, subject to the Credit Limit set forth above for all Loans to all Borrowers combined. Letter of Credit Sublimit (Section 1.5):$300,000

Appears in 1 contract

Samples: Loan and Security Agreement (Netsmart Technologies Inc)

Credit Limit. (Section 1.1): ) An amount not to exceed the lesser of. of (iI) $10,000,000 30,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 75% (the "Advance Rate") of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).;

Appears in 1 contract

Samples: Syquest Technology Inc

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 4,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. ================================================================================

Appears in 1 contract

Samples: Loan and Security Agreement (Haht Commerce Inc)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 2,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).

Appears in 1 contract

Samples: Loan and Security Agreement (Onyx Software Corp/Wa)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. of (i1) or (2) below: (1) $10,000,000 15,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii2) 75an amount equal to (i) 80% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above)., plus

Appears in 1 contract

Samples: Loan and Security Agreement (Submicron Systems Corp)

Credit Limit. (Section 1.1): An amount not to exceed the lesser of. : (i) $10,000,000 2,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above).. LETTER OF CREDIT SUBLIMIT (Section 1.5): $500,000 ================================================================================

Appears in 1 contract

Samples: Loan and Security Agreement (Microlog Corp)

Credit Limit. (Section 1.1): An amount (the "Credit Limit") not to exceed the lesser of. : (i) $10,000,000 4,000,000 at any one time outstanding (the "Maximum Credit Limit")outstanding; or (ii) 7580% of the amount of Borrower's Eligible Receivables (as defined in Section 8 9.1(n) above); PROVIDED that the foregoing Credit Limit shall not affect or relate to the loans made under the Equipment Loan Agreement (as defined in Section 8 below).

Appears in 1 contract

Samples: Loan and Security Agreement (Accumed International Inc)

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