Advances Not to Exceed Borrowing Base. Subject to the terms and conditions of this Agreement, from the Closing Date until the termination of this Agreement, Lender shall, from time to time, at the request of Borrower, make advances (each, an “Advance” and collectively, the “Advances”) to Borrower so long as no Overadvance exists before the requested Advance or would be created by such Advance.
Appears in 2 contracts
Samples: Loan and Security Agreement (Andalay Solar, Inc.), Loan and Security Agreement (Great American Group, Inc.)
Advances Not to Exceed Borrowing Base. Subject to the terms and conditions of this Agreement, from the Closing Date until the termination of this Agreement, Lender shall, from time to time, at the request of Borrower, make advances (each, an “Advance” and collectively, the “"Advances”") to Borrower so long as no Overadvance exists as, before the requested Advance or would be created by and after such Advance, the Obligations do not exceed the Allowable Amount. Amounts borrowed pursuant to this Section may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement.
Appears in 1 contract
Samples: Loan and Security Agreement (Mendocino Brewing Co Inc)
Advances Not to Exceed Borrowing Base. Subject to the terms and conditions of this Agreement, from the Closing Date until the termination of this Agreement, Lender shall, from time to time, at the request of Borrower, make advances (each, an “Advance” and collectively, the “Advances”) to Borrower so long as as, no Overadvance exists before the requested Advance or would be created by such Advance.
Appears in 1 contract
Advances Not to Exceed Borrowing Base. Subject to the terms and conditions of this Agreement, from the Closing Date until the termination of this Agreement, Lender shall, from time to time, at the request of Borrower, make advances (each, an “"Advance” " and collectively, the “"Advances”") to Borrower so long as no Overadvance exists as, before the requested Advance or would be created by and after such Advance, the Obligations do not exceed the Allowable Amount.
Appears in 1 contract
Samples: Loan and Security Agreement (Vertical Branding, Inc.)