Limitations Not Exceeded. The proposed Advance shall not cause the outstanding principal balance of the Loan to exceed the lesser of the Maximum Loan Amount and, in the case of the Revolving Loan, the Borrowing Base. If Borrower is required to deliver a written Advance Request, Bank shall have received a current Accounts Receivable Report (as required by Section 6.9(d) sufficient in form and substance to calculate and verify the Borrowing Base.
Appears in 2 contracts
Samples: Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.), Credit and Security Agreement (Sancilio Pharmaceuticals Company, Inc.)
Limitations Not Exceeded. The proposed Advance shall not cause the outstanding principal balance of the Loan to exceed the lesser of the Maximum Loan Amount and, in the case of the Revolving Loan, and the Borrowing Base. If Borrower is required to deliver a written Advance Request, Bank shall have received a current Accounts Receivable Report (as required by Section 6.9(d5.6) sufficient in form and substance to calculate and verify the Borrowing Base.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Intelligroup Inc)
Limitations Not Exceeded. The proposed Advance shall not cause the outstanding principal balance of the Loan to exceed the lesser of the Maximum Loan Amount and, in the case of the Revolving Loan, and the Borrowing Base. If Borrower is required to deliver a written Advance Request, Bank shall have received a current Accounts Receivable Report and a current Inventory Report (as required by Section 6.9(d5.6) sufficient in form and substance to calculate and verify the Borrowing Base.
Appears in 1 contract
Limitations Not Exceeded. The proposed Advance shall not cause ------------------------ the outstanding principal balance of the Loan to exceed the lesser of the Maximum Loan Amount and, in the case of the Revolving Loan, and the Borrowing Base. If Borrower is required to deliver a written Advance Request, Bank shall have received a current monthly Accounts Receivable Report (as required by Section 6.9(dSection) sufficient in form and substance to calculate and verify the Borrowing Base.
Appears in 1 contract
Samples: Credit and Security Agreement (Pra International Inc)
Limitations Not Exceeded. The proposed Advance shall not cause the outstanding principal balance of the Revolving Loan to exceed the lesser of the Maximum Revolving Loan Amount and, in the case of the Revolving Loan, and the Borrowing Base. If Borrower is required to deliver a written Advance Request, Bank shall have received a current Accounts Receivable Report and a current Inventory Report (as required by Section 6.9(d) sufficient in form and substance to calculate and verify the Borrowing Base.
Appears in 1 contract
Samples: Revolving and Term Credit and Security Agreement (Aerosonic Corp /De/)
