Common use of RLC Commitment Clause in Contracts

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. 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 that, in the aggregate, shall not exceed the lesser of the following (the "Maximum RLC Loan Amount"): (a) The RLC Commitment, less the Outstanding LC Balance. (b) 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 that, in the aggregate, shall not exceed the lesser of RLC Commitment, less the following Outstanding LC Balance (the "Maximum RLC Loan Amount"): (a) The RLC Commitment). (b) The Borrowing Base.