Commitment for Advances Clause Samples

Commitment for Advances. 17 Section 2.02. Borrowing Base . . . . . . . . . . . . . . . . . . 19 Section 2.03.

Commitment for Advances. (a) Tranche A Advances. Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Tranche A Advances to the Borrower from time to time on any Business Day during the period from the date of this Agreement until the Tranche A Commitment Termination Date in an amount for each Lender not to exceed such Lender's Unused Tranche A Commitment Amount. Each Tranche A Borrowing shall, in the case of Borrowings consisting of Reference Rate Advances, be in an aggregate amount not less than $500,000 and in integral multiples of $100,000 in excess thereof, and in the case of Borrowings consisting of Eurodollar Rate Advances, be in an aggregate amount not less than $500,000 and in integral multiples of $100,000 in excess thereof, and in each case shall consist of Tranche A Advances of the same Type made on the same day by the Lenders ratably according to their respective Tranche A Commitments. Within the limits of each Lender's Tranche A Commitment, and subject to the terms of this Agreement, the Borrower may from time to time borrow, prepay, and reborrow Tranche A Advances.

Commitment for Advances. (a) Each Lender severally agrees, on the terms and conditions set forth in this Agreement, to make Advances to any Borrower from time to time on any Business Day during the period from the date of this Agreement until the Commitment Termination Date in an amount for each Lender not to exceed such Lender’s Unused Commitment Amount. Each Borrowing shall, in the case of Borrowings consisting of Reference Rate Advances, be in an aggregate amount not less than $100,000 and in integral multiples of $100,000 in excess thereof, and in the case of Borrowings consisting of Eurodollar Rate Advances, be in an aggregate amount not less than $100,000 and in integral multiples of $100,000 in excess thereof, and in each case shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, and subject to the terms of this Agreement, any Borrower may from time to time borrow, prepay, and reborrow Advances.

Commitment for Advances. 18 Section 2.02 Borrowing Base............................................19 Section 2.03

Commitment for Advances. 16 Section 2.02.

Commitment for Advances. Each Lender severally agrees, on the terms and conditions set forth in this Agreement (including, without limitation, the terms set forth in Section 3.01, 3.02 and 3.03), to make Advances to the Borrower from time to time on any Business Day during the period from the date of this Agreement until the Commitment Termination Date in an amount for each Lender not to exceed such Lender’s Unused Commitment Amount. Each Borrowing shall, in the case of Borrowings consisting of ABR Advances, be in an aggregate amount not less than $250,000 and in integral multiples of $100,000 in excess thereof, and in the case of Borrowings consisting of Eurodollar Rate Advances, be in an aggregate amount not less than $500,000 and in integral multiples of $100,000 in excess thereof, and in each case shall consist of Advances of the same Type made on the same day by the Lenders ratably according to their respective Commitments. Within the limits of each Lender’s Commitment, and subject to the terms of this Agreement, the Borrower may from time to time borrow, prepay, and reborrow Advances.

Commitment for Advances. Bank agrees, upon and subject to the terms and conditions hereinafter set forth, to make Advances on revolving basis from time to time during the period from the Agreement Date to (and including) the Commitment Termination Date. Each Advance shall be the amount of $250,000.00 or integral multiples of $100,000.00 above that amount. Unless Borrower has theretofore prepaid, or concurrently herewith prepays, in full the 2021 Term-Out Note, then, on or about the date hereof, Bank shall make and Borrower shall accept a Working Capital Advance in an amount sufficient to pay the outstanding principal balance of the 2021 Term-Out Note and any and all accrued but unpaid interest thereon (the "Agreement Date Advance").

Commitment for Advances