RLC Commitment Clause Samples
RLC Commitment. Each Bank agrees, severally but not jointly, to loan to or for the benefit of Borrower, and Borrower shall be entitled to draw upon and borrow, in the manner and upon the terms and conditions contained in this Credit Agreement, an amount that shall not exceed that Bank's Pro Rata Share of the RLC Commitment.
RLC Commitment. Lender agrees to loan to or at the direction of Borrower, and Borrower agrees to draw upon and borrow, in the manner and upon the terms and conditions contained in this Credit Agreement, amounts that in the aggregate at any time outstanding shall not exceed the lesser of the RLC Commitment or the Borrowing Base.
RLC Commitment. Subject to the conditions herein set forth, Lender agrees to make the RLC available to or for the benefit of Borrower, and Borrower agrees to draw upon the RLC, in the manner and upon the terms and conditions herein expressed, amounts that shall not exceed the lesser of the following (the "Maximum RLC Loan Amount"):
(a) The RLC Commitment.
(b) The Borrowing Base.
RLC Commitment. 18 2.2 Revolving Line................................................18 2.3 RLC Notes.....................................................18 2.4 RLC...........................................................19 2.5
RLC Commitment. 9 2.2 Revolving Line of Credit .................................... 9 2.3
RLC Commitment. Lender agrees to loan to or for the benefit of Borrower, and Borrower shall be entitled to draw upon and borrow in the manner and upon the terms and conditions contained in this Agreement, an amount, (the "Maximum RLC Loan Amount") not to exceed the lesser of the following:
(a) The RLC Commitment.
(b) An amount not to exceed two and one-half times (2.50x) Borrower's Adjusted Cash Flow for the preceding four (4) quarters, measured on a quarterly basis in advance.
RLC Commitment. Lender agrees to loan to, and Borrower agrees to draw upon and borrow, in the manner and upon the terms and conditions contained in this Credit Agreement, such that the aggregate outstanding balance of the RLC at any time, including without limitation the Term Balance, shall not exceed the RLC Commitment or that the Credit Exposure shall not exceed the Permitted Credit Exposure. The amount of the Term Balance that may be outstanding at any time shall be deemed to be RLC Advances outstanding at such time and shall reduce the amount of the RLC available for further RLC Advances.
RLC Commitment. Subject to the conditions herein set forth, Lender agrees to make the RLC available to or for the benefit of Borrowers, and Borrowers may draw upon the RLC, in the manner and upon the terms and conditions herein expressed, amounts that shall not exceed One Million and NO/100 Dollars ($1,000,000.00) (the "MAXIMUM RLC LOAN AMOUNT").