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 Borrower 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:
Appears in 1 contract
Samples: Revolving Credit, Term Loan, Equipment Line of Credit and Security Agreement (Gales Industries Inc)
Amount of Revolving Advances. 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 to Borrower Borrowers in aggregate amounts outstanding at any time equal to such Lender's ’s Revolving Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount Amount, less the outstanding amount of Swing Loans, less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit Credit, less Reserves established hereunder or (y) an amount equal to the sum of:
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Virco MFG Corporation)
Amount of Revolving Advances. 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 to Borrower Borrowers in aggregate amounts outstanding at any time equal to such Lender's ’s Revolving Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount Amount, less the aggregate Maximum Undrawn Amount of all outstanding Letters of Credit or (y) an amount equal to the sum of:Letters
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Tecumseh Products Co)
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 Borrower Borrowers in aggregate amounts outstanding at any time equal to such Lender's ’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 ofFormula Amount, minus the aggregate Maximum Undrawn Amount, where “Borrowing Base” means:
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Tecumseh Products Co)
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement specifically including Section 2.1(b2.1(d), each Lender, severally and not jointly, will make Revolving Advances to Borrower Borrowers in aggregate amounts outstanding at any time equal to such Lender's Xxxxxx’s Revolving Commitment Percentage of:
(i) from the Closing Date until the satisfaction of the Formula Amount Modification Conditions, 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:
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Build-a-Bear Workshop Inc)
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement Agreement, including Section Sections 2.1(b) and (c), each Lender, severally and not jointly, will make Revolving Advances to Borrower Borrowers in aggregate amounts outstanding at any time equal to such Lender's ’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:
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Keane Group, Inc.)
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement specifically including Section 2.1(b2.1(d), each Lender, severally and not jointly, will make Revolving Advances to Borrower Borrowers in aggregate amounts outstanding at any time equal to such Lender's ’s Revolving Commitment Percentage of:
(i) from the Closing Date until the satisfaction of the Formula Amount Modification Conditions, 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:
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Build a Bear Workshop Inc)
Amount of Revolving Advances. Subject to the terms and conditions set forth in this Agreement specifically including Section 2.1(b), each LenderLender with a Revolving Commitment, severally and not jointly, will make Revolving Advances to Borrower Borrowers in aggregate amounts outstanding at any time equal to such Lender's Revolving Commitment Percentage of the lesser amount by which Availability exceeds the sum of (x) the Maximum Revolving Advance Amount less the aggregate Dollar Equivalent of the Maximum Undrawn Amount of all outstanding Letters of Credit or (y) an and the outstanding amount equal to the sum of:of Swing Loans.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Great Lakes Dredge & Dock CORP)