Discretionary Advances. The Agent may, in its sole discretion, make, for the account of the Lenders on a pro rata basis, advances under the Revolving Loan of up to 10% in excess of the Borrowing Base but not in excess of the limitation set forth in aggregate Revolving Credit Commitments for a period of not more than thirty (30) consecutive days or, following an Event of Default, for such longer period as the Requisite Lenders may elect.
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Samples: Financing and Security Agreement (BPC Holding Corp), Financing and Security Agreement (BPC Holding Corp), Financing and Security Agreement (BPC Holding Corp)
Discretionary Advances. The Administrative Agent may, in its sole discretion, make, for the account of the Lenders on a pro rata basis, advances under the Revolving Loan of up to 10% in excess of the Borrowing Base (but not in excess of the limitation set forth in aggregate Revolving Credit Commitments Commitments) for a period of not more than thirty (30) 30 consecutive days or, following an Event of Default, for such longer period as the Requisite Lenders may electdays.
Appears in 2 contracts
Samples: Financing and Security Agreement (Walbro Corp), Financing and Security Agreement (Walbro Corp)
Discretionary Advances. The Agent may, in its sole discretion, make, for the account of the Lenders on a pro rata basis, advances under the Revolving Loan of up to ten percent (10% %) in excess of the Borrowing Base but not in excess of the limitation set forth in aggregate Revolving Credit Commitments for a period of not more than thirty (30) consecutive days or, following an Event of Default, for such longer period as the Requisite Lenders may electdays.
Appears in 1 contract
Samples: Financing and Security Agreement (O Ray Holdings Inc)
Discretionary Advances. The Agent may, in its sole discretion, make, for the account of the Lenders on a pro rata basis, advances under the Revolving Loan of up to 10% in excess of the Borrowing Base (but not in excess of the limitation set forth in aggregate Revolving Credit Commitments Commitments) for a period of not more than thirty (30) consecutive days or, following an Event of Default, for such longer period as the Requisite Lenders may electdays.
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Discretionary Advances. The Agent may, in its sole discretion, make, for the account of the Lenders on a pro rata basis, advances under the Revolving Loan of up to ten percent (10% %) in excess of the Borrowing Base (but not in excess of the limitation set forth in aggregate Revolving Credit Commitments Commitments) for a period of not more than thirty (30) consecutive days or, following an Event of Default, for such longer period as the Requisite Lenders may electin any calendar year.
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Discretionary Advances. The Agent may, in its sole discretion, make, for the account of the Lenders on a pro rata basis, advances under the Revolving Loan of up to 10% in excess of the Borrowing Base (but not in excess of the limitation set forth in aggregate Revolving Credit Commitments Commitments) for a period of not more than thirty (30) 30 consecutive days or, following an Event of Default, for such longer period as the Requisite Lenders may electdays.
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