Common use of Line of Credit Amount Clause in Contracts

Line of Credit Amount. (a) During the availability period described below, Bank will provide a line of credit ("FACILITY NO. 1") to Borrower. The maximum amount of the line of credit (the "FACILITY NO. 1 COMMITMENT") is equal to the lesser of (i) $15,000,000 or (ii) the Borrowing Base.

Appears in 2 contracts

Samples: Business Loan Agreement (Hawker Pacific Aerospace), Business Loan Agreement (Hawker Pacific Aerospace)

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Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit ("FACILITY NO. 1") to Borrowerthe Borrowers. The maximum amount of the line of credit (the "FACILITY NOFacility No. 1 COMMITMENTCommitment") is equal to the lesser of (i) FIVE MILLION AND NO/100 DOLLARS ($15,000,000 5,000,000.00), or (ii) the Borrowing BaseBase as determined by Bank from time to time in accordance with this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Mexco Energy Corp)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit ("FACILITY NO. 1") to Borrowerthe Borrowers. The maximum amount of the line of credit (the "FACILITY NO“Facility No. 1 COMMITMENT"Commitment”) is equal to the lesser of (i) SIX MILLION THREE HUNDRED THOUSAND AND NO/100 DOLLARS ($15,000,000 6,300,000.00), or (ii) the Borrowing BaseBase as determined by Bank from time to time in accordance with this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Mexco Energy Corp)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit ("FACILITY NO. 1") to the Borrower. The maximum amount of the line of credit (the "FACILITY NO“Facility No. 1 COMMITMENT"Commitment”) is equal to the lesser of (i) Fifteen Million Dollars ($15,000,000 15,000,000) or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (Annas Linen Co)

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Line of Credit Amount. (a) During the availability period described below, Bank will provide a line of credit ("FACILITY NO. 1") to Borrower. The maximum amount of the line of credit (the "FACILITY NO. 1 COMMITMENT") is equal to the lesser of (i) $15,000,000 10,000,000 or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Business Loan Agreement (Hawker Pacific Aerospace)

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