Revolving Loans/Letters of Credit. If at any time for any reason whatsoever (including without limitation as a result of currency fluctuations) (i) the sum of the outstanding balance of all Revolving Loans and the Letter of Credit Balance exceeds the lesser of (x) the Maximum Revolving Facility Amount and (y) the Borrowing Base, or (ii) any of the Loan Limits for Revolving Loans or Letters of Credit are exceeded, then in each case, Borrower will immediately pay to Lender such amounts (or, with respect to the Letter of Credit Balance, provide cash collateral to Lender in the manner set forth in clause (c) below) as shall cause Borrower to eliminate such excess.
Revolving Loans/Letters of Credit. If at any time (a) the sum of the outstanding balance of all Revolving Loans and the Letter of Credit Balance exceeds the lesser of (i) the Maximum Revolving Facility Amount and (ii) the Borrowing Base, or (b) any of the Loan Limits for Revolving Loans or Letters of Credit are exceeded, then in each case, Borrower will immediately pay to Lender such amounts (or, with respect to the Letter of Credit Balance, provide cash collateral to Lender in the manner set forth in clause (c) below) as shall cause Borrower to eliminate such excess.
Revolving Loans/Letters of Credit. 20 Section 2.1 Commitment; Use of Proceeds ....................... 20 Section 2.2 Notes; Repayment of Principal ..................... 21 Section 2.3 Voluntary Reduction of Revolving Loan Commitments . 22 Section 2.4 Letters of Credit ................................. 22 Section 2.5 Manner of Issuance ................................ 23 Section 2.6 Drawings Under Letters of Credit .................. 23 Section 2.7 General Provisions as to Letters of Credit ........ 23 Section 2.8 Participation ..................................... 26 ARTICLE III
Revolving Loans/Letters of Credit. If at any time for any reason whatsoever (i) the sum of the outstanding principal balance of all Revolving Loans and the Letter of Credit Balance 4874-2581-2044v.13 Loan and Security Agreement exceeds the lesser of (x) the Maximum Revolving Facility Amount minus Reserves minus the Availability Block and (y) the Borrowing Base, or (ii) any of the Loan Limits for Revolving Loans or Letters of Credit are exceeded, then in each case, Borrowers will, within two (2) Business Days, and jointly and severally pay to Lender such amounts (or, with respect to the Letter of Credit Balance, provide cash collateral to Lender in the manner set forth in clause (c) below) as shall cause Borrowers to eliminate such excess (such excess, an “Overadvance”).
Revolving Loans/Letters of Credit. If at any time for any reason whatsoever (including as a result of currency fluctuations) (i) the sum of the outstanding balance of all Revolving Loans and the Letter of Credit Balance exceeds the lesser of (x) the Maximum Revolving Facility Amount minus Reserves established against the Maximum Revolving Facility Amount and (y) the Borrowing Base or (ii) any of the Loan Limits for Revolving Loans or Letters of Credit are exceeded, then, in each case, Borrowers will immediately pay to Agent such amounts as shall cause Borrowers to eliminate such excess (or, with respect to the Letter of Credit Balance, provide cash collateral to Agent in the manner set forth in clause (b) below).
Revolving Loans/Letters of Credit. On the Closing Date, no Revolving Loans shall be advanced and no Letters of Credit shall be issued.
Revolving Loans/Letters of Credit. So long as no Waiver Event of Default shall have occurred and be continuing, and notwithstanding the requirements of Section 5.2 of the Credit Agreement with respect to the existence of any Default or Event of Default, which requirements are hereby waived during the Waiver Period only as to the EBITDA Default, the Borrower shall be entitled to (i) borrow Revolving Loans and (ii) receive Letters of Credit, in each case at all times during the Waiver Period and subject to the limitations in the proviso of Section 2.1(b) hereof. Revolving Loans requested by the Borrower shall be made available to the Borrower according to the procedures for such borrowing set forth in Sections 2.1(a)(ii) and 2.2 of the Credit Agreement (including with respect to any limitations on Borrowings set forth therein). The Agent shall thereafter fund the Revolving Loan request at the direction of the Borrower by same day transfer in accordance with the Credit Agreement and the other Credit Documents. Letters of Credit shall be issued according to the procedures for issuance set forth in Article 3 of the Credit Agreement (including with respect to any limitations on such issuances set forth therein).
Revolving Loans/Letters of Credit. Section 2.1. Effective as of the Amendment No. 2 Effective Date, each Revolving Lender (other than the Non-Continuing Lenders) hereby agrees, on the terms and conditions set forth herein and in the Amended Credit Agreement, including as to the extension of the maturity of their Revolving Commitments, to make Revolving Loans in accordance with Section 2.1 of the Amended Credit Agreement. In addition, by its signature hereto, each Revolving Lender hereby agrees to the Revolving Commitments set forth in Schedule 2.1(a) attached hereto as Exhibit B. The Interest Period then in effect for the Revolving Loans made under the Credit Agreement and outstanding immediately prior to the Amendment No. 2 Effective Date will be the same for the Revolving Loans under the Amended Credit Agreement on the Amendment No. 2
Revolving Loans/Letters of Credit. If at any time for any reason whatsoever (including without limitation as a result of currency fluctuations) (i) the sum of the outstanding balance of all Revolving Loans and the Letter of Credit Balance exceeds the lesser of (x) the Maximum Revolving Facility Amount, minus Reserves and (y) the Borrowing Base, or (ii) any of the Loan Limits for Revolving Loans or Letters of Credit are exceeded, then in each case, Borrowers will promptly (but in no event later than 2 Business Days) and jointly and severally pay to Agent (for the ratable benefit of the Lenders) such amounts (or, with respect to the Letter of Credit Balance, provide cash collateral to Agent in the manner set forth in clause (c) below) as shall cause Borrowers to eliminate such excess (such excess, an “Overadvance”).
Revolving Loans/Letters of Credit. 2.1. The Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 2.2. Borrowings. . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 2.3. Notes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 2.4. Repayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 2.5.
