The Revolving Facility Clause Samples

The Revolving Facility. (a) Subject to the provisions of this Agreement, Lender shall make Advances to Borrower under the Revolving Facility from time to time during the Term, unless this Agreement is terminated earlier, provided that, notwithstanding any other provision of this Agreement to the contrary, the aggregate amount of all Advances at any one time outstanding under the Revolving Facility shall not exceed the lesser of (a) the Facility Cap, and (b) the Availability. The Revolving Facility is a revolving credit facility, which may be drawn, repaid and redrawn, from time to time as permitted under this Agreement. Any determination as to whether there is Availability for Advances shall be made by Lender in its Permitted Discretion and is final and binding upon Borrower. Unless otherwise permitted by Lender, each Advance shall be in an amount of at least $1,000. Subject to the provisions of this Agreement, Borrower may request Advances under the Revolving Facility up to and including the value, in Dollars, of the Availability. Advances under the Revolving Facility shall automatically be made for the payment of interest on the Loans and other Obligations on the date when due to the extent available and as provided for herein. (b) Lender in its Permitted Discretion may further adjust the Availability and the advance rate by applying Liquidity Factors. The Liquidity Factors and the advance rate for Availability may be adjusted by Lender throughout the Term as warranted by Lender’s underwriting practices and procedures in its credit judgment. Also, Lender shall have the right to establish from time to time, in its Permitted Discretion, reserves against the Borrowing Base, which reserves shall have the effect of reducing the amounts otherwise eligible to be advanced to Borrower under the Revolving Facility pursuant to this Agreement. (c) Borrower shall at all times, from and after the Closing Date, maintain a minimum outstanding principal balance under the Revolving Facility of at least $2,000,000 (the “Minimum Revolving Facility Balance”). If Borrower fails to maintain the Minimum Revolving Facility Balance at any time, such failure shall not be deemed a Default or Event of Default; however, in consideration and as a result of such failure Lender shall be entitled to charge and collect interest and all applicable fees on such Minimum Revolving Facility Balance (calculated in accordance with the terms of this Agreement for Advances under the Revolving Facility) as if such Minimum...

The Revolving Facility. (a) The Revolving Facility may be utilised by way of Letters of Credit. (b) Other than Clause 5.5 (Limitations on Utilisations), Clause 5 (Utilisation — Loans) does not apply to utilisations by way of Letters of Credit.

The Revolving Facility. Subject to the terms and conditions of this Agreement, the Lenders shall make available to the Borrowers a revolving credit facility (the "REVOLVING FACILITY") of up to L75,000,000. The Revolving Facility (as described in clause 6) shall consist of Revolving Loans (to be denominated in sterling and/or, if agreed between the relevant Borrower and the Agent, dollars, euro or one or more other Foreign Currencies) to be made by the Lenders and, if specifically agreed by the Agent (on the instructions of the Issuer), Letters of Credit and/or Guarantees to be issued by the Issuer (subject to reimbursement by the relevant Borrower and each of the Lenders on the terms set out in this Agreement) and Swingline Loans (to be denominated in sterling and/or dollars, euros or such one or more other Foreign Currencies as may be agreed between the relevant Borrower and the Swingline Lender), to be made by the Swingline Lender (subject to reimbursement by the Lenders on the terms set out in this Agreement) in a maximum aggregate principal Original Sterling Amount not exceeding the Revolving Facility Amount.

The Revolving Facility. All Advances under the Revolving Facility shall be in Canadian Dollars alone and may be repaid and re-borrowed by the Borrower at all times during the Term.

The Revolving Facility. (a) Subject to the terms of this Agreement, the Lenders shall make available a multicurrency revolving credit facility in an aggregate amount the Base Currency Amount of which is equal to the Total Revolving Facility Commitments. (b) Subject to the terms of this Agreement and the Ancillary Documents, an Ancillary Lender may make available an Ancillary Facility to any of the Borrowers in place of all or part of its Revolving Facility Commitment.

The Revolving Facility. With respect to the Revolving Facility Pool (based on the information contained in the related Monthly Revolving Facility Report), on each Payment Date following the occurrence of a Facility Default, the Administrative Agent will withdraw from the related Collection Account or, if there is no related Collection Account, cause the Servicer to credit, an amount equal to the Collections in respect of the related Collection Period for the Revolving Facility Pool and such Payment Date and apply such amounts, in accordance with the following priorities: (i) in the manner and in the priorities set forth in Section 10.02(a) through (c); (ii) to pay any amounts that remain owing and unpaid to any Person under any indemnity or other payment agreement made by the Holder of the Mercedes-Benz Retail Specified Interest Certificate (or by the Servicer acting on its behalf) in connection with the Basic Documents or the transactions contemplated by the Basic Documents; and (iii) to or at the direction of the Holder of the Mercedes-Benz Retail Specified Interest Certificate, all remaining funds.

The Revolving Facility. “Subject to the provisions of this Agreement and provided no Event of Default has occurred and is continuing, Lender shall make Advances to Borrower under the Revolving Facility from time to time prior to the Revolving Facility Maturity Date, provided that, notwithstanding any other provision of this Agreement, (i) the Aggregate Revolving Facility Obligations at any one time outstanding under the Revolving Facility shall not exceed the Facility Cap. The Revolving Facility is a revolving credit facility, which may be drawn, repaid and redrawn, from time to time as permitted under this Agreement. Unless otherwise permitted by Lender, each Advance shall be in an amount of at least $1,000. Subject to the provisions of this Agreement, ▇▇▇▇▇▇▇▇ may request Advances under the Revolving Facility up to and including the value, in U.S. Dollars, of the Facility Cap. Advances under the Revolving Facility automatically shall, without an Advance request from Borrower, be made for the payment of interest on the Revolving Loan Obligations and other Obligations on the date when due to the extent available and as provided for herein.”

The Revolving Facility. (a) Subject to the provisions of this Agreement, Lender shall make Advances to Borrower under the Revolving Facility from time to time during the Term, provided that, notwithstanding any other provision of this Agreement, (i) the aggregate amount of all Advances at any one time outstanding under the Revolving Facility shall not exceed either of (A) the Facility Cap, and (B) the Availability, (ii) the aggregate amount of all such Advances drawn by CM shall not exceed either of (A) the CM Facility Cap, and (B) the CM Availability, (iii) the aggregate amount of all such Advances drawn by OHR-SSM shall not exceed either of (A) the OHR-SSM Facility Cap, and (B) the OHR-SSM Availability, and (iv) the aggregate amount of all such Advances drawn by OHR shall not exceed either of (A) the Facility Cap, and (B) the OHR Availability. The Revolving Facility is a revolving credit facility, which may be drawn, repaid and redrawn, from time to time as permitted under this Agreement. Any determination as to whether there is Availability for Advances shall be made by Lender in its Permitted Discretion and is final and binding upon Borrower. Unless otherwise permitted by Lender, each Advance shall be in an amount of at least $1,000. Subject to the provisions of this Agreement, (a) CM may request an aggregate amount of Advances under the Revolving Facility up to and including the value, in U.S. Dollars, of eighty-five percent (85%) of the Borrowing Base allocable to CM, minus if applicable, amounts reserved pursuant to this Agreement allocable to CM (such calculated amount being referred to herein as the “CM Availability”); (b) OHR-SSM may request an aggregate amount of Advances under the Revolving Facility up to and including the value, in U.S. Dollars, of eighty-five percent (85%) of the Borrowing Base allocable to OHR-SSM, minus if applicable, amounts reserved pursuant to this Agreement allocable to OHR-SSM (such calculated amount being referred to herein as the “OHR-SSM Availability”); and (c) OHR may request an aggregate amount of Advances under the Revolving Facility up to and including the value, in U.S. Dollars, of eighty-five percent (85%) of the Borrowing Base allocable to OHR, minus, if applicable, amounts reserved pursuant to this Agreement allocable to OHR, plus any CM Availability that is not otherwise drawn by CM, plus any OHR-SSM Availability that is not otherwise drawn by OHR-SSM (such calculated amount being referred to herein as the “OHR Availability”). CM ...

The Revolving Facility. The Lender agrees, on the terms and conditions set forth in this Agreement, and in particular Section 2.02 and Section 2.03 hereof, to make Advances to the Borrower from time to time on any Business Day during the period commencing on the Effective Date and ending on the Termination Date, in an aggregate amount of Advances outstanding not to exceed at any time the Available Borrowing Amount. Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrower may borrow, repay and re-borrow Advances. The Borrower shall execute and deliver to the Lender a Revolving Line of Credit Promissory Note in the maximum principal amount of the Commitment Amount substantially in the form of Exhibit B hereto (as amended, restated, modified or supplemented from time to time, the “Note”). The Note shall evidence the Borrower’s unconditional obligation to repay the Lender for all Advances made under this Agreement, together with interest as provided herein as well as all other costs and expenses for which the Borrower may be obligated to pay under the Note, this Agreement and the other Loan Documents,. Each Advance under this Agreement shall be deemed evidenced by the Note, which is deemed by this reference to be incorporated herein and made a part hereof.