Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 23 contracts
Samples: Security Agreement (Enservco Corp), Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Integrated Biopharma Inc)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount.
Appears in 23 contracts
Samples: Loan and Security Agreement (PHI Group, Inc./De), Loan and Security Agreement (PHI Group, Inc./De), Security Agreement (UniTek Global Services, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) less the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount.
Appears in 10 contracts
Samples: Security Agreement (Keane Group, Inc.), Security Agreement (SMTC Corp), Security Agreement (Skullcandy, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances and Swing Loans outstanding at any time shall not exceed the lesser least of (a) the Maximum Revolving Advance Amount or (b) less the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit, or (b) the Formula Amount.
Appears in 4 contracts
Samples: Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount lessAmount, in each caseless Reserves established hereunder, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit, or (b) the Formula Amount.
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Security Agreement (Viant Technology Inc.)
Maximum Advances. The Except as provided in Section 16.2(e) hereof, the aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount.
Appears in 2 contracts
Samples: Loan and Security Agreement (Ati Inc), Security Agreement (Allegheny Technologies Inc)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Loan Amount or (b) less the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit less the outstanding balance of any Fuel Taxes that are due and owing or (b) the Formula Amount.
Appears in 2 contracts
Samples: Credit and Security Agreement (Green Plains Inc.), Security Agreement (Green Plains Renewable Energy, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount lessAmount, in each caseless Reserves hereunder, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount.
Appears in 2 contracts
Samples: Guaranty Agreement (Drilling Tools International Corp), Guaranty Agreement (ROC Energy Acquisition Corp.)
Maximum Advances. The aggregate balance of Revolving Advances (including Swing Loans) outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) less the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount.
Appears in 2 contracts
Samples: Security Agreement (Emerge Energy Services LP), Security Agreement
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed an amount equal to (1) the lesser of (ax) the Maximum Revolving Advance Amount or and (by) the Formula Amount lessAmount, in each caseless (2) the outstanding principal amount of Swing Loans, less (3) the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Maximum Advances. (a) The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (ai) the Maximum Revolving Advance Loan Amount or (b) less the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit less the outstanding balance of any Fuel Taxes that are due and owing or (ii) the Formula Amount.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Samples: Credit Agreement (Connecture Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding and Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit and the aggregate amount of all Swing Loans then outstanding or (b) the Formula Amount.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit. 2.8.
Appears in 1 contract
Samples: Cca Industries Inc
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount plus the Additional Borrowing Base Amount.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) less the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount. The original aggregate principal amount of all Term Loans shall not exceed the Maximum Term Loan Amount.
Appears in 1 contract
Samples: Loan and Security Agreement (Swenson Granite Co LLC)
Maximum Advances. The Except as provided in Section 16.2(e) and (f) hereof, the aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Borrowing Base.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditAmount.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Johnson Outdoors Inc)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit, or (b) the Formula Amount.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Daseke, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit. The aggregate balance of Advances outstanding at any time shall not exceed the Maximum Loan Amount.
Appears in 1 contract
Samples: Loan and Security Agreement (Flotek Industries Inc/Cn/)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) less the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Johnson Outdoors Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit and the aggregate amount of all Swing Loans then outstanding.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances Loans plus Swing Line Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Loan Amount or (b) the Formula Amount less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount.
Appears in 1 contract
Samples: Pledge and Security Agreement (Fairmount Santrol Holdings Inc.)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the Availability Block or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.. The aggregate balance of Advances outstanding at any time shall not exceed the Maximum Loan Amount
Appears in 1 contract
Samples: Loan and Security Agreement (Flotek Industries Inc/Cn/)
