Common use of Limitation on Borrowings Clause in Contracts

Limitation on Borrowings. Outstanding borrowings under the Line of Credit, to a maximum of the principal amount set forth above, shall not at any time exceed an aggregate of Thirty Millions Dollars ($30,000,000).

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Corsair Components, Inc.)

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Limitation on Borrowings. Outstanding borrowings under the Line of Credit, to a maximum of the principal amount set forth above, shall not at any time exceed an aggregate of Thirty Millions Fifty Million Dollars ($30,000,000)50,000,000) (as such amount may be reduced pursuant to Section 1.1(d) below) less the undrawn amount of all Letters of Credit.

Appears in 1 contract

Samples: Credit Agreement (Skullcandy, Inc.)

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Limitation on Borrowings. Outstanding borrowings under the Line of Credit, to a maximum of the principal amount set forth above, shall not at any time exceed an aggregate of Thirty Millions Twenty Million and No/100 Dollars ($30,000,00020,000,000.00).

Appears in 1 contract

Samples: Credit Agreement (SBS Technologies Inc)

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