Common use of Limitation on Amount of Advances Clause in Contracts

Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, the aggregate principal amount of the Revolving Credit Advances made by any Bank at any time outstanding shall not exceed the amount of its respective Commitment as of the date any such Advance is made, provided, however, that the aggregate principal amount of Letter of Credit Advances outstanding at any time shall not exceed $10,000,000.

Appears in 2 contracts

Samples: Loan Agreement (Invacare Corp), Loan Agreement (Invacare Corp)

AutoNDA by SimpleDocs

Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, (i) the aggregate principal amount of the Revolving Credit Advances made by any Bank at any time outstanding shall not exceed the amount of its respective Commitment as of the date any such Advance is made, and (ii) the aggregate principal amount of Revolving Credit Advances and Swing Line Loans outstanding to the Borrowers shall not exceed the Aggregate Commitment; provided, however, that the aggregate principal amount of Letter of Credit Advances outstanding at any time shall not exceed $10,000,00040,000,000.

Appears in 1 contract

Samples: Loan Agreement (Jabil Circuit Inc)

Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, (i) the aggregate principal amount of the Revolving Credit Advances made by any Bank at any time outstanding shall not exceed the amount of its respective Commitment as of the date any such Advance is made, provided, however, that made and the aggregate principal amount of Letter of Revolving Credit Advances outstanding at any time to the Borrowers shall not exceed $10,000,000the Aggregate Commitment.

Appears in 1 contract

Samples: 364 Day Loan Agreement (Jabil Circuit Inc)

AutoNDA by SimpleDocs

Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, (i) the aggregate principal amount of the Revolving Credit Advances made by any Bank at any time outstanding to the Company shall not exceed the aggregate amount of its respective Commitment as of the date any Commitments at such Advance is made, provided, however, that time and (ii) the aggregate principal amount of Letter of Credit Advances outstanding at any time shall not exceed $10,000,000.

Appears in 1 contract

Samples: Credit Agreement (Standard Parking Ii LLC)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!