Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Companies under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) the Maximum Line Amount (as in effect from time to time as described below), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. As of the November 18, 2009, the “Maximum Line Amount” shall be $4,950,000.”
Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Company under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) the Maximum Line Amount, or (ii) the Borrowing Base. Within these limits, Company may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default.
Line of Credit and Limitations on Borrowing. Wxxxx Fargo shall make Advances to Company under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) $35,000,000.00 (the "Maximum Line Amount"), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Company may periodically borrow, prepay in whole or in part, and reborrow. Wxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Wxxxx Fargo believes that an Advance would result in an Event of Default.
Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Company under the Line of Credit that do not exceed in the aggregate the lesser of (i) $7,000,000 (the “Maximum Line Amount”), and (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Company may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. The Line of Credit provided for in this Agreement is subject to the limitations set forth in the Domestic Facility Agreement and is deemed to be a subfacility within the “Line of Credit” provided for in the Domestic Facility Agreement as set forth therein.
Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Companies under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) the Maximum Line Amount (as in effect from time to time as described below), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. As of the First Amendment Effective Date, the “Maximum Line Amount” shall initially be $9,500,000. The Maximum Line Amount shall be automatically decreased to $6,500,000 upon the receipt of funds by Companies from the sale of certain assets of Xxxxxxxx to Xxxxx Brands, Accessories, Inc. in accordance with that certain Amended and Restated Asset Purchase Agreement, dated as of July , 2009, between Xxxxxxxx and Tandy Brands, Accessories, Inc. (the “Xxxxxxxx Sale”). The date that the Xxxxxxxx Sale is consummated is referred to herein as the “Xxxxxxxx Closing Date.”
Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Company under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) $35,000,000 (the “Maximum Line Amount”), or (ii) the Borrowing Base limitations described in Section 1.2; provided, however, that XX Xxxxxxx shall be limited to borrowing the lesser of (x) that amount of Borrowing Base attributable to the Eligible Accounts and Eligible Inventory of XX Xxxxxxx and (y) $5,000,000. Within these limits, Company may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo reasonably believes that an Advance would result in an Event of Default.
Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Companies under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) the Maximum Line Amount (as in effect from time to time as described below), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. The “Maximum Line Amount” shall initially be $17,000,000. The Maximum Line Amount may be increased from time to time from $17,000,000 upon satisfaction of the following terms and conditions: (i) Xxxxx Fargo has received an Authenticated Record from Company Funds Administrator requesting each such increase not less than 30 days prior to the effective date of such increase; (ii) each increase shall be at least $2,000,000, and increments above such $2,000,000 amount shall be not less than $1,000,000 each; provided that the Maximum Line Amount shall not exceed $20,000,000; (iii) no Default Period shall exist at the time of each such requested increase; and (iv) Xxxxx Fargo shall have received from Companies a line increase fee equal to one-quarter of one percent (0.25%) of the increase to the Maximum Line Amount.
Line of Credit and Limitations on Borrowing. (i) Subject to the terms and conditions set forth in this Agreement, Lender shall make Advances under the Line of Credit from time to time through the Termination Date in an aggregate amount not to exceed at any time the lesser of (i) the Maximum Line of Credit, and (ii) the Borrowing Base. Borrowers may periodically borrow, repay in whole or in part, and reborrow under the Line of Credit as provided in this Agreement; provided, however, that amounts repaid by Borrowers on account of the FILO Advance may not be reborrowed by Borrowers. Lender has no obligation to make any Advance (x) at any time that a Default or Event of Default has occurred and is continuing, or (y) if an Overadvance has or would occur after giving effect to the requested Advance.
Line of Credit and Limitations on Borrowing. Wxxxx Fargo shall make Advances to Company under the Line of Credit that (i) together with the L/C Amount and the aggregate outstanding amount of Indebtedness and other obligations owing under or in connection with the Ex-Im Credit Agreement, shall not at any time exceed in the aggregate $8,000,000 (the “Maximum Line Amount”), and (ii) together with the L/C Amount, exceed in the aggregate the Borrowing Base limitations described in Section 1.2. Within these limits, Company may periodically borrow, prepay in whole or in part, and reborrow. Wxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Wxxxx Fargo believes that an Advance would result in an Event of Default.
Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Company under the Line of Credit that (i) together with the L/C Amount and the aggregate outstanding amount of Indebtedness and other obligations owing under or in connection with the Ex-Im Credit Agreement, shall not at any time exceed in the aggregate $15,000,000, as such amount may be increased pursuant to Section 1.1(e) (the “Maximum Line Amount”), and (ii) together with the L/C Amount, exceed in the aggregate, the Borrowing Base limitations described in Section 1.2. Within these limits, Company may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default.”
