Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement including Section 2.1(b), each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender’s Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit or (y) an amount equal to the sum of:
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement specifically including Sections 2.1(b) and (c), each Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Xxxxxx’s Revolving Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount, less the outstanding amount of Swing Loans, less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, less Reserves established hereunder or (y) an amount equal to the sum of:
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement, each Lender holding a Revolving Commitment, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Lender’s Revolving Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount, less the outstanding amount of Swing Loans, less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, less Reserves established hereunder or (y) an amount equal to the result of the following (hereinafter, the “Formula Amount”):
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement, each Revolving Lender, severally and not jointly, will make Revolving Advances to Borrowers denominated in U.S. Dollars or the U.S. Dollar Equivalent in Canadian Dollars in aggregate amounts outstanding at any time equal to such Lender’s Revolving Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount, less the outstanding amount of all Swing Loans, less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, less Reserves established hereunder or (y) an amount equal to the result of the following (hereinafter, the “Formula Amount”):
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement including Sections 2.1(b) and (c), each Lender, severally and not jointly, will make Revolving Advances in Dollars to Borrowers in aggregate amounts outstanding at any time equal to such Lender’s Revolving Commitment Percentage of the lesser of (x) the Maximum Loan Amount, less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, less the outstanding balance of Swing Loans, less the outstanding balance of any Fuel Taxes that are due and owing or (y) an amount equal to the sum of:
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement including Sections 2.1(b) and relying on the representations and warranties herein set forth, each Revolving Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Revolving Lender’s Revolving Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit and the aggregate principal balance of all outstanding Swing Loans or (y) an amount equal to the sum of:
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement specifically including Sections 2.1(b) and (c), each Lender, severally and not jointly, will make Revolving Advances to Borrowers, at any time after the Closing Date, in aggregate amounts outstanding at any time equal to such Xxxxxx’s Revolving Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount, less the outstanding amount of Swing Loans, less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, less Reserves established hereunder or (y) an amount equal to the sum of:
Amount of Revolving Advances. (A) Subject to the terms and conditions set forth in this Agreement specifically including Section 2.1(b), each Lender, severally and not jointly, will make Revolving Advances in Dollars to US Borrowers in aggregate amounts outstanding at any time equal to such Lender’s Revolving Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount, less the sum of the aggregate Dollar Equivalent of the outstanding amount of Pound Sterling Denominated Advances to the UK Borrower plus the aggregate Dollar Equivalent of the outstanding Swedish Krona Denominated Advances to Swedish Borrowers plus the aggregate Dollar Equivalent of the outstanding Canadian Dollar Denominated Advances and Revolving Advances in Dollars to ASW, less the outstanding amount of US Swing Loans, less the aggregate Maximum Undrawn Amount of all outstanding US Letters of Credit, UK Letters of Credit, Swedish Letters of Credit and Canadian Letters of Credit or (y) an amount equal to the sum of:
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement specifically including Section 2.1(b), each Lender with a Revolving Commitment, severally and not jointly, will make Revolving Advances (including Green Loan Advances) to Borrowers in aggregate amounts outstanding at any time equal to such Xxxxxx's Revolving Commitment Percentage of the amount by which Availability exceeds the sum of the aggregate Dollar Equivalent of the Maximum Undrawn Amount of all outstanding Letters of Credit and the outstanding amount of Swing Loans; provided, that, with respect to Green Loan Advances, (1) the aggregate amount of Green Loan Advances from such Lender shall not exceed such Xxxxxx’xXxxxxx'x Revolving Commitment Percentage of the Green Loan Sublimit, and (2) the aggregate amount of Green Loan Advances from all Lenders shall not exceed the Green Loan Sublimit.
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement, specifically including Section 2.1(b) hereof, each Revolving Lender, severally and not jointly, will make Revolving Advances to Borrowers in aggregate amounts outstanding at any time equal to such Revolving Lender’s Revolving Commitment Percentage of the lesser of (x) the Line Cap less the outstanding amount of Swing Loans, less the Dollar Equivalent of the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, or (y) an amount equal to the Dollar Equivalent of the sum of the following less the outstanding amount of Swing Loans: (i) the Dollar Equivalent of up to 85% (the “Receivables Advance Rate”) of Eligible Receivables, plus (ii) the lesser of (A) the Dollar Equivalent of up to 85% of the of the Net Orderly Liquidation Value of Eligible Inventory (as evidenced by an Inventory appraisal satisfactory to Agent in its sole discretion exercised in good faith) (the “Inventory NOLV Advance Rate”, together with the Inventory Advance Rate and the Receivables Advance Rate, collectively, the “Advance Rates”), or (B) $15,000,000 in the aggregate at any one time, plus (iii) the lesser of (A) 100% of Eligible Cash or (B) $10,000,000, minus (iv) the Dollar Equivalent of the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit, minus (v) the Dollar Equivalent of Reserves established hereunder against the Formula Amount, specifically including but not limited to the Related L/C Facility Letter of 81 074658.21069/130240014v.3
