Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 3 contracts
Samples: Loan and Security Agreement (Sonoma Systems), Intercreditor Agreement (Virage Logic Corp), Loan and Security Agreement (Crossroads Systems Inc)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line Line, minus (ii) the Cash Management Services Sublimit or (B) the Borrowing BaseSublimit, minus (iiiii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 3 contracts
Samples: Loan and Security Agreement (Lantronix), Loan and Security Agreement (Preview Systems Inc), Loan and Security Agreement (Optika Inc)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iii) the FX Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (Webridge Inc), Loan and Security Agreement (Insilicon Corp)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed without penalty or premium during the term of this Agreement.
Appears in 2 contracts
Samples: Loan Modification Agreement (Ipass Inc), Loan and Security Agreement (Pharsight Corp)
Revolving Advances. (a) Bank will shall make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the FX Reserve, and minus (iv) the aggregate outstanding Advances hereunder (including any Cash Management Services). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 2 contracts
Samples: Loan and Security Agreement (Speechworks International Inc), Loan and Security Agreement (Applix Inc /Ma/)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing BaseLine, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Invision Technologies Inc)
Revolving Advances. (a) Bank will shall make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the FX Reserve, and minus (iv) the aggregate outstanding Advances hereunder (including any Cash Management Services). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement." and inserting in lieu thereof the following:
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Revolving Advances. (a) Bank will shall make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, Base minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the aggregate outstanding Advances hereunder. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 1 contract
Samples: Loan Agreement (Lightbridge Inc)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
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Revolving Advances. (a) Bank will make Advances not exceeding (iA) the lesser of (A) the Committed Revolving Line or the Borrowing Base minus (B) the Cash Management Services Sublimit or (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)Sublimit. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
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Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). , and minus (iii) the Foreign Exchange Reserve Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
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Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)) minus (iii) the Cash Management Services Sublimit. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
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Revolving Advances. (a1) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) and the Borrowing Base, Base minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 1 contract
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or of (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)whichever is less. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Fort Point Partners Inc)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line Line, minus (ii) the Cash Management Services Sublimit or (B) the Borrowing BaseSublimit, minus (iiiii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iv) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 1 contract
Samples: Loan Agreement (MMC Networks Inc)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (Aa) the Committed Revolving Line minus the Cash Management Services Sublimit or (Bb) the Borrowing Base, minus (ii) all amounts utilized for Cash Management Services, the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and the FX Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Epoch Biosciences Inc)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iii) the amount of utilized Cash Management Services covered under the Cash Management Services Sublimit. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Limelight Networks, Inc.)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (Ai) the Committed Revolving Line minus all amounts for services utilized under the Cash Management Services Sublimit or (Bii) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
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Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the FX Reserve, and minus (iv) the outstanding Obligations under the Cash Management Services Sublimit. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
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Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Actuate Software Corp)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, minus (ii) the Cash Management Services Sublimit, minus (iii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
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Revolving Advances. (a) Availability. Bank will shall make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the FX Reserve, and minus (iv) the aggregate outstanding Advances hereunder (including any Cash Management Services). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Onesource Information Services Inc)
Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, minus (ii) the amount of all outstanding Letters letters of Credit credit (including drawn but unreimbursed Letters letters of Creditcredit), and minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section Advances may be repaid and reborrowed during the term of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Harmonic Lightwaves Inc)
Revolving Advances. (a) Bank will make Revolving Advances not exceeding at any time the Committed Revolving Line, minus the sum of (i) the lesser of (A) the Committed Revolving Line minus all amounts then outstanding under the Cash Management Services Sublimit or (B) the Borrowing BaseSublimit, minus (ii) the then-outstanding principal balance of all Revolving Advances, (iii) the Foreign Exchange Sublimit and (D) the face amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section 2.1.1 may be repaid and reborrowed during the term of this Agreement.
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Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, Base minus (ii) the outstanding principal balance of the Advances minus (iii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)) and minus (iv) all amounts for services utilized for Cash Management Services. Amounts borrowed under this Section may be repaid and reborrowed during until the term of this AgreementBusiness Day immediately preceding the Revolving Maturity Date.
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