Revolving Loan Facility. Subject to the provisions of Section 4 below, each Lender shall, severally and not jointly, advance to Borrowers on a revolving credit basis (the "Revolving Loan"), such Lender's Pro Rata Share of an aggregate amount not to exceed:
Appears in 2 contracts
Samples: Loan and Security Agreement (Action Performance Companies Inc), Loan and Security Agreement (Action Performance Companies Inc)
Revolving Loan Facility. Subject to the provisions of Section 4 below, each Lender shall, severally and not jointly, advance to Borrowers on a revolving credit basis (the "Revolving Loan"), such Lender's Pro Rata Share of an aggregate amount not to exceed:exceed the lesser of (i) the Maximum Revolving Facility or (ii) the "Borrowing Base" (as defined below), less, in either case, the amount of Letter of Credit Liability at such time.
Appears in 1 contract
Samples: Loan and Security Agreement (Action Performance Companies Inc)
