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 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.

Appears in 3 contracts

Samples: Credit Agreement (Primedex Health Systems Inc), Loan and Security Agreement (James River Coal CO), Loan and Security Agreement (Evergreen International Aviation 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 ("ADVANCESAdvances") 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 to the lesser of (i) the Maximum Revolver Amount LESS less the Letter of Credit Usage, or (ii) the Borrowing Base LESS less the Letter of Credit Usage.

Appears in 3 contracts

Samples: Loan and Security Agreement (Advanced Marketing Services Inc), Loan Agreement (Source Interlink Companies Inc), Loan and Security Agreement (Majestic Star Casino LLC)

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 ("ADVANCESAdvances") 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 to the lesser of (i) the Maximum Revolver Amount LESS less the Letter of Credit Usage, or (ii) the Borrowing Base LESS less the sum of the outstanding principal balance of the Term Loan and the Letter of Credit Usage.

Appears in 1 contract

Samples: Loan and Security Agreement (Norstan 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 ("ADVANCESAdvances") 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 to the lesser of (i) the Maximum Revolver Amount LESS less the Letter of Credit UsageUsage at such time, or and (ii) the Borrowing Base LESS at such time less the Letter of Credit UsageUsage at such time.

Appears in 1 contract

Samples: Credit Agreement (Transtechnology 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 ("ADVANCESAdvances") 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 to the lesser of (i) the Maximum Revolver Amount LESS less the Letter of Credit UsageUsage at such time, or (ii) the Borrowing Base LESS at such time less the Letter of Credit UsageUsage at such time.

Appears in 1 contract

Samples: Credit Agreement (Hawaiian Holdings 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 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: Loan and Security Agreement (Midway Games 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 ("ADVANCESAdvances") 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 to the lesser of (i) the Maximum Revolver Amount LESS less the Letter of Credit UsageUsage less the UCC Filing Reserve, or (ii) the Borrowing Base LESS less the Letter of Credit Usage.

Appears in 1 contract

Samples: Loan and Security Agreement (Penton Media 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 ("ADVANCESAdvances") 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 to the lesser of (i) the Maximum Revolver Amount LESS less the Letter of Credit Usage, or (ii) the Borrowing Base LESS less the Letter of Credit Usage.

Appears in 1 contract

Samples: Loan and Security Agreement (eTelecare Global Solutions, 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 ("ADVANCESAdvances") 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 to the lesser of (i) the Maximum Revolver Amount LESS less the Letter of Credit Usage, or (ii) the Borrowing Base LESS less the Letter of Credit Usage.

Appears in 1 contract

Samples: Guaranty and Security Agreement (Payless Shoesource Inc /De/)

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