Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“Advances”) to Borrower in an amount at any one time outstanding not to exceed 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.
Appears in 6 contracts
Samples: Loan and Security Agreement (Lazy Days R.V. Center, Inc.), Loan and Security Agreement (Scheib Earl Inc), Loan and Security Agreement (Swank, Inc.)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“Advances”) to Borrower Borrowers in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount less minus the Letter of Credit Usage, or (ii) the Borrowing Base less minus the Letter of Credit Usage.
Appears in 2 contracts
Samples: Loan and Security Agreement (Matrix Geophysical, Inc.), Loan and Security Agreement (Seitel Inc)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower Borrowers in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount less minus the Letter of Credit Usage, or (ii) the Borrowing Base less minus the Letter of Credit Usage.
Appears in 2 contracts
Samples: Loan and Security Agreement (Seitel Inc), Loan and Security Agreement (Seitel Inc)
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 Borrower 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.
Appears in 2 contracts
Samples: Credit Agreement (Altra Industrial Motion, Inc.), Credit Agreement (Boston Gear LLC)
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 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 (ii) the Borrowing Base less the Letter of Credit Usage.
Appears in 2 contracts
Samples: Credit Agreement (Infocus Corp), Loan and Guaranty Agreement (Payless Shoesource Inc /De/)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower Borrowers in an amount at any one time outstanding not to exceed 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.
Appears in 2 contracts
Samples: Credit Agreement (Cryolife Inc), Senior Secured Credit Agreement (Cray Inc)
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 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 lesser of the Maximum Revolver Amount less and the Borrowing Base at such time minus (ii) the Letter of Credit Usage, or (ii) the Borrowing Base less the Letter of Credit UsageUsage at such time.
Appears in 2 contracts
Samples: Credit Agreement (Watsco Inc), Credit Agreement (Watsco Inc)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit UsageAmount, or (ii) the Borrowing Base less Base. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the Letter of Credit Usage.result of:
Appears in 2 contracts
Samples: Loan and Security Agreement (I Link Inc), Loan and Security Agreement (Interact Commerce Corp)
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 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 (ii) the Borrowing Base less the Adjusted Letter of Credit Usage.
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Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“Advances”) in Dollars to Borrower in an amount at any one time outstanding not to exceed 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 UsageBase.
Appears in 1 contract
Samples: Loan and Security Agreement (Fortegra Financial Corp)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“Advances”, each individually an “Advance”) to Borrower in an amount at any one time outstanding not to exceed 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 UsageAmount.
Appears in 1 contract
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower Borrowers in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit Usage, or (ii) the Borrowing Base of Borrowers on a combined basis less the Letter of Credit Usage.. For purposes of this Agreement, "Borrowing Base", as of any date of determination, shall mean the result of:
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Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“Advances”) to Borrower Borrowers in an amount at any one time outstanding not to exceed 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.
Appears in 1 contract
Samples: Credit Agreement (Cryolife Inc)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit Usage, or (ii) the Borrowing Base Base, less the Letter of Credit Usage, less the amount of the Availability Reserves.
Appears in 1 contract
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, the Lender agrees to make advances (“Advances”) to Borrower in an amount at any one time outstanding not to exceed 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 Usageexcluding any PIK Interest).
Appears in 1 contract
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (each an “Advance,” and collectively, the “Advances”) to Borrower in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit UsageAmount, or (ii) the Borrowing Base less the Letter of Credit UsageBase.
Appears in 1 contract
Samples: Loan and Security Agreement (Marlin Business Services Corp)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“Advances”) to Borrower in an amount at any one time outstanding not to exceed 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.. For purposes of this Agreement, “Borrowing Base,” as of any date of determination, shall mean the result of:
Appears in 1 contract
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower Borrowers in an amount at any one time outstanding not to exceed 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.. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the result of:
Appears in 1 contract
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower Borrowers in an amount at any one time outstanding not to exceed an amount equal to (i) the lesser of (iA) the Maximum Revolver Amount and (B) the Borrowing Base, less (ii) the Letter of Credit Usage. For purposes of this Agreement, or (ii) "Borrowing Base", as of any date of determination, shall mean the Borrowing Base less result of the Letter of Credit Usage.lesser of:
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Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (each an “Advance,” and collectively, the “Advances”) to Borrower prior to the Commitment Termination Date in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit UsageAmount, or (ii) the Borrowing Base less the Letter of Credit UsageBase.
Appears in 1 contract
Samples: Loan and Security Agreement (Marlin Business Services Corp)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower Borrowers in an amount at any one time outstanding not to exceed 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.. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the result of:
Appears in 1 contract
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower in an amount at any one time outstanding not to exceed 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.Usage and the aggregate amount of Availability Reserves. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the result of:
Appears in 1 contract
Samples: Loan and Security Agreement (Harvey Electronics Inc)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the result of the Maximum Revolver Amount less the Letter of Credit Usage, Usage or (ii) the Borrowing Base less the Letter of Credit Usage.. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the result of:
Appears in 1 contract
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, the Lender agrees to make advances (“Advances”) to Borrower Borrowers in an amount at any one time outstanding not to exceed 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 UsageAmount.
Appears in 1 contract
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 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 UsageUsage less outstanding Advances, or (ii) the Borrowing Base less the Letter of Credit UsageUsage less outstanding Advances.
Appears in 1 contract
Samples: Loan, Guaranty and Security Agreement (Design Within Reach Inc)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances in minimum increments of $500,000 (“"Advances”") to Borrower in an amount at any one time outstanding not to exceed 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 UsageCredit.
Appears in 1 contract
Samples: Loan and Security Agreement (New World Restaurant Group Inc)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower DF in an amount at any one time outstanding not to exceed 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.. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the result of:
Appears in 1 contract
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrower Borrowers in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount less the Letter of Credit UsageAmount, or (ii) the Borrowing Base less the Letter of Credit Usage.
Appears in 1 contract
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, the Lender agrees to make advances (“Advances”) to Borrower in an amount at any one time outstanding not to exceed 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 UsageAmount.
Appears in 1 contract
