Common use of Line of Credit Amount Clause in Contracts

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrowers. The amount of the line of credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (Air T Inc)

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Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit (the “Facility”) to the BorrowersBorrower. The amount of the line of credit Facility (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing BaseBase as determined by the Bank from time to time in accordance with this Agreement.

Appears in 1 contract

Samples: Standard Loan Agreement (Point.360)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower (the “Line of Credit”). The amount of the line Line of credit Credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit Limit, or (ii) at any time the Borrower’s Funded Debt to EBITDA Ratio exceeds 2.00:1.00, the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (Lakeland Industries Inc)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower (the “Line of Credit”). The amount of the line Line of credit Credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (CUI Global, Inc.)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower (the "Line of Credit"). The amount of the line Line of credit Credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (HF Foods Group Inc.)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrowers. The amount of the line of credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower. The amount of the line of credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base*****.

Appears in 1 contract

Samples: Individual Loan Agreement (Lynx Ventures Lp)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower. The amount of the line of credit (the "Facility No. 1 No.1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (Saker Aviation Services, Inc.)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower. The amount of the line of credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Business Loan Agreement (Remedytemp Inc)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower. The amount of the line of credit (the "Facility No. 1 “Line of Credit Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (Game Trading Technologies, Inc.)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower. The amount of the line of credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (Vertex Energy Inc.)

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Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit (the "Line of Credit") to the BorrowersBorrower. -------------- The amount of the line Line of credit (the "Facility No. 1 Commitment") Credit is equal to the lesser amount of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Business Loan Agreement (Aztec Manufacturing Co)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower (the “Line of Credit”). The amount of the line Line of credit Credit (the "Facility No. 1 Commitment") is equal to (i) during such time as a Borrowing Base Period is not in effect, the Credit Limit; and (ii) during any Borrowing Base Period, the lesser of (iA) the Credit Limit Limit, or (iiB) the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (HireQuest, Inc.)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrowers. The amount of the line of credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing BaseBase as determined by the Bank from time to time in accordance with this Agreement.

Appears in 1 contract

Samples: Business Loan Agreement (Odwalla Inc)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit (the "Line of Credit") to the BorrowersBorrower. The amount of the line Line of credit Credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Loan Agreement (Radiant Logistics, Inc)

Line of Credit Amount. (a1) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower. The amount of the line of credit (the "Facility No. 1 Commitment") is equal to the lesser amount of (i) the Credit Limit or (ii) the Borrowing Base.

Appears in 1 contract

Samples: Business Loan Agreement (Aztec Manufacturing Co)

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit ("Facility No. 1") to the BorrowersBorrower. The amount of the line of credit (the "Facility No. 1 Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing BaseBase as determined by the Bank from time to time in accordance with this Agreement.

Appears in 1 contract

Samples: Business Loan Agreement (Quidel Corp /De/)

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