Common use of Revolver Advances Clause in Contracts

Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender agrees (severally, not jointly or jointly and severally) to make advances ("Advances") to Borrowers in an amount at any one time outstanding not to exceed such Lender's Pro Rata Share of an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit Usage, or (ii) the Borrowing Base less the Letter of Credit Usage and the aggregate amount of the Availability Reserves. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean an amount equal to the result of:

Appears in 3 contracts

Samples: Loan and Security Agreement (Harolds Stores Inc), Loan and Security Agreement (Harolds Stores Inc), Loan and Security Agreement (Harolds Stores Inc)

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Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make advances ("Advances") to Borrowers in an amount at any one time outstanding not to exceed such Lender's Pro Rata Share of an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit Usage, or (ii) the Borrowing Base less the Letter of Credit Usage and the aggregate amount of the Availability ReservesUsage. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean an amount equal to the result of:

Appears in 2 contracts

Samples: Loan and Security Agreement (Riviera Holdings Corp), Loan and Security Agreement (Wam Net Inc)

Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make advances ("Advances") to Borrowers in an amount at any one time outstanding not to exceed such Lender's Pro Rata Share of an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit Usage, or (ii) the Borrowing Base less the Letter of Credit Usage and the aggregate amount of the Availability ReservesUsage. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean an amount equal to the result of:

Appears in 1 contract

Samples: Loan, Guaranty and Security Agreement (Geac Computer Corp LTD)

Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make advances ("Advances") to Borrowers Borrower in an amount at any one time outstanding not to exceed such Lender's ’s Pro Rata Share of an amount equal to the lesser of (i) the Maximum Revolver Amount less the sum of (A) the Letter of Credit UsageUsage and (B) the aggregate amount of the reserves established by Agent under Section 2.1(b), or (ii) the Borrowing Base less the Letter of Credit Usage and the aggregate amount of the Availability ReservesUsage. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean an amount equal to the result of:

Appears in 1 contract

Samples: Loan and Security Agreement (Orbital Sciences Corp /De/)

Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make advances ("Advances") to Borrowers Borrower in an amount at any one time outstanding not to exceed such Lender's ’s Pro Rata Share of an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit UsageUsage and less the then-outstanding balance of the Term Loan, or (ii) the Borrowing Base less the Letter of Credit Usage and the aggregate amount of the Availability Inventory Reserves. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean an amount equal to the result of:

Appears in 1 contract

Samples: Loan and Security Agreement (BGF Industries Inc)

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Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender agrees (severally, not jointly or jointly and severally) to make advances ("Advances") to Borrowers Borrower in an amount at any one time outstanding not to exceed such Lender's ’s Pro Rata Share of an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit Usage, or (ii) the Borrowing Base less the Adjusted Letter of Credit Usage and the aggregate amount of the Availability Inventory Reserves. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean an amount equal to the result of:

Appears in 1 contract

Samples: Loan and Security Agreement (Cutter & Buck Inc)

Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make advances ("Advances"”‘) to Borrowers in an amount at any one time outstanding not to exceed such Lender's ’s Pro Rata Share of an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit Usage, or (ii) the Borrowing Base less the Letter of Credit Usage and the aggregate amount of the Availability ReservesUsage. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean an amount equal to the result of:

Appears in 1 contract

Samples: Loan and Security Agreement (Telos Corp)

Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, each Lender with a Revolver Commitment agrees (severally, not jointly or jointly and severally) to make advances ("Advances") to Borrowers Borrower in an amount at any one time outstanding not to exceed such Lender's Pro Rata Share of an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit Usage, or Usage and (ii) the Borrowing Base less the Letter of Credit Usage and less the aggregate amount of the Availability Reserves. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean an amount equal to the result of:

Appears in 1 contract

Samples: Loan and Security Agreement (Factory Card Outlet Corp)

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