Common use of Revolving Advances Clause in Contracts

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 13 contracts

Samples: Loan and Security Agreement (Quicklogic Corporation), Loan and Security Agreement (Lime Energy Co.), Loan and Security Agreement (Usa Technologies Inc)

AutoNDA by SimpleDocs

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower Borrowers may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower Borrowers may prepay any Advances without penalty or premium.

Appears in 6 contracts

Samples: Loan and Security Agreement (IBEX Holdings LTD), Loan and Security Agreement (Vaughan Foods, Inc.), Loan and Security Agreement (IBEX Holdings LTD)

Revolving Advances. (ia) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Committed Revolving Line or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) 2.1.1 may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) 2.1.1 shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 4 contracts

Samples: Loan and Security Agreement (Ilx Lightwave Corp), Loan and Security Agreement (Pointshare Corp), Loan and Security Agreement (N2h2 Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request and Bank agrees to make Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing BaseLine. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 3 contracts

Samples: Loan Agreement (Safeguard Scientifics Inc), Loan Agreement (Clarient, Inc), Loan Agreement (Chromavision Medical Systems Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a2.1(b) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a2.1(b) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 3 contracts

Samples: Loan and Security Agreement (Backblaze, Inc.), Loan and Security Agreement (Backblaze, Inc.), Loan and Security Agreement (Backblaze, Inc.)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed re-borrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 2 contracts

Samples: Loan and Security Agreement (Procera Networks Inc), Loan and Security Agreement (Optex Systems Holdings Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request request, and Bank shall make, Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Quicklogic Corporation)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line minus Advances outstanding under the Related Agreements or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Villageedocs Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request and Bank shall lend to Borrower Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Committed Revolving Line or (ii) the Borrowing BaseLine. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Photoworks Inc /Wa)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) minus the Borrowing Baseaggregate face amount of all outstanding Letters of Credit and amounts outstanding under the Foreign Exchange Sublimit. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan Agreement (Logicvision Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) minus the Borrowing Baseaggregate face amount of all outstanding Letters of Credit, including any drawn but unreimbursed amounts. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Medicines Co/ Ma)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) minus the Borrowing Baseamount of services being provided under the Cash Management Reserve and the aggregate amounts outstanding under the International Sublimit. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Zedge, Inc.)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) minus the Borrowing Baseaggregate face amount of all outstanding ----- Letters of Credit. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium...

Appears in 1 contract

Samples: Loan Agreement (Logicvision Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Facility Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Integrated Security Systems Inc)

AutoNDA by SimpleDocs

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower Borrowers may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base, minus in each case the Tax Reserve. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower Borrowers may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Telkonet Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (iA) the Revolving Line or (iiB) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (EverQuote, Inc.)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding principal amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Bladelogic Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower Parent may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a2.1(e) may be repaid and reborrowed at any time prior to the Revolving Line Maturity Date, at which time all Advances under this Section 2.1(a2.1(b) shall be immediately due and payable. Borrower Borrowers may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Icad Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower Borrowers may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base, minus, in each case, the Foreign Exchange Reserve. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower Borrowers may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Agreement (1) Borrower may request Advances from time to time in an aggregate outstanding principal amount not to exceed on any date the lesser of (iA) the maximum principal amount of the Committed Revolving Line or (iiB) the Borrowing Base. Subject to the terms Base as of such date, and conditions of this Agreement, (2) amounts borrowed pursuant to this Section 2.1(a2.1(b) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a2.1(b) shall be immediately due and payable. Borrower may prepay at any time, in whole or in part, any Advances without penalty or premium.

Appears in 1 contract

Samples: Disbursement Instructions (Vastera Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower Borrowers may request Advances in an aggregate outstanding amount not to exceed the lesser amount of (i) the Committed Revolving Line or (ii) the Borrowing Baseat any one time. Subject to the terms and conditions of this Agreement, amounts Amounts borrowed pursuant to this Section 2.1(a2.1(b) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) 2.1(b), together with all accrued and unpaid interest thereon, shall be immediately due and payable. Borrower Borrowers may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Inphonic Inc)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser Revolving Line, minus, in each case, the aggregate face amount of (i) the Revolving Line or (ii) the Borrowing Baseall outstanding Letters of Credit. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium.

Appears in 1 contract

Samples: Loan and Security Agreement (Mti Technology Corp)

Revolving Advances. (i) Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (i) the Revolving Line or (ii) the Borrowing Base. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed at any time prior to the Revolving Maturity Date, at which time all Advances under this Section 2.1(a) shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium. The Advances shall be used for general working capital purposes and shall not be used to finance or otherwise facilitate the Acquisition.

Appears in 1 contract

Samples: Loan and Security Agreement (Safeguard Scientifics Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.