CONTINGENT LIABILITY FACILITY. The unused portion of the contingent liability facility shall be determined by reducing the amount of the facility by the aggregate, at any given time, of the Borrower's non-cash contingent liabilities to HBU arising from the use of the contingent liability facility.
Appears in 3 contracts
Samples: Credit Agreement (FreeSeas Inc.), Credit Agreement (FreeSeas Inc.), Credit Agreement (FreeSeas Inc.)
CONTINGENT LIABILITY FACILITY. The unused portion of the contingent liability facility shall be determined by reducing the amount of the facility by the aggregate, at any given time, of the Borrower's ’s non-cash contingent liabilities to HBU ABN AMRO arising from the use of the contingent liability facility.
Appears in 2 contracts
Samples: Credit Agreement (Interface Inc), Credit Agreement (Interface Inc)
CONTINGENT LIABILITY FACILITY. The unused portion of the contingent liability facility shall be determined by reducing the amount of the facility by the aggregate, at any given time, of the Borrower's ’s non-cash contingent liabilities to HBU arising from the use of the contingent liability facility.
Appears in 1 contract
Samples: Credit Agreement (FreeSeas Inc.)