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 (including as a result of currency fluctuations) (i) the outstanding principal 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, Borrowers will immediately pay to Agent such amounts (or, with respect to the Letter of Credit Balance, provide cash collateral to Agent in the manner set forth in clause (b) below) as shall cause Borrowers to eliminate such excess.
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, Borrowers will immediately and jointly and severally pay to Agent (for the 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. 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 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. 3.1. (a) In addition to Advances described in Section 2 above, subject to the terms and conditions of this Agreement, Hellxx xxxl make Revolving Loans to each Client upon such Client's request therefor and in Hellxx'x xxxe discretion up to, in the case of (1) NN, the NN Borrowing Base plus the Undrawn Supplemental Amount, (2) HG, the HG Borrowing Base plus the Undrawn Supplemental Amount and (3) HRNL, the HRNL Borrowing Base plus the Undrawn Supplemental Amount; provided, however, in no event shall the aggregate Revolving Loans to all Clients exceed (i) the Maximum Revolving Loan Amount plus (ii) the Supplemental Amount; provided, further, the Supplemental Amount shall equal zero ($0) during at least one consecutive thirty (30) day period during each Contract Year (the "Clean Up Period"). In the event a Clean Up Period has not occurred prior to the last month of any Contract Year, the Clean Up Period shall be deemed to be the last consecutive thirty (30) day period of such Contract Year. Amounts borrowed hereunder may be repaid and reborrowed from time to time until such time as this Agreement terminates. "
Revolving Loans/Letters of Credit. 2.1. The Loans. . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 2.2. Borrowings. . . . . . . . . . . . . . . . . . . . . . . . . . . . 21 2.3. Notes. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24 2.4. Repayment . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 2.5.
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”).
