Limitations on Borrowing. 44 SECTION 6.16 Reports................................................. 44 SECTION 6.17 ERISA................................................... 45 SECTION 6.18
Limitations on Borrowing. Section 2.2(c)(i) of the Loan Agreement is amended to delete "$31,000,000" therefrom and insert "$32,800,000" in its place."
Limitations on Borrowing. The amount of the Senior Indebtedness, including the requested Advance, shall not exceed the amount of the Borrowing Base. For purposes of making the calculation of the amount of Senior Indebtedness in this Section 7.5, the amount of the Obligations included with respect to Construction Letters of Credit shall be the Risk Amount. Borrower hereby acknowledges that the Note Agreement imposes certain mandatory principal prepayments more particularly set forth at Section 2.2 and the establishment of an Escrow Account ("Escrow Account") to facilitate such prepayments in accordance with Section 5.17
Limitations on Borrowing. The Lender shall not have any obligation to make, nor be required to make, any Advances or other extension of credit to the Borrower hereunder if (a) an Event of Default (as defined below) has occurred. In no event shall the Lender be obligated to make any Advances or other extension of credit to the Borrower in excess of the Commitment Amount.
Limitations on Borrowing. (i) The maximum aggregate principal outstanding under the Revolving Credit Loans, including the amount of all unexpired letters of credit, shall not exceed the lesser of (A) $36,500,000 less any amounts applied to permanently reduce the Revolving Credit Facility pursuant to section 2.2(c)(ii)(A)(y) below, or (B) the Borrowing Base.
Limitations on Borrowing. (i) The maximum aggregate principal outstanding under the Revolving Credit Loans, including the amount of all unexpired letters of credit, shall not exceed the lesser of (A) (1) prior to the later of the Pleasant Company Closing and the Holiday Closing, $32,800,000 less any amounts applied to permanently reduce the Revolving Credit Facility pursuant to section 2.2(c)(ii)(A)(y) below, or (2) after the later of the Pleasant Company Closing and the Holiday Closing, $11,000,000, or (B) the Borrowing Base.
Limitations on Borrowing. 10 2.5 Interest and Principal on Base Rate Loans.................................. 10 2.6 Interest and Principal on Eurodollar Loans................................. 10 2.8
Limitations on Borrowing. Borrower may not request any Loans pursuant ------------------------ to Section 2.3 at any time that any amount is available to be borrowed under the 364-Day Credit Agreement or the Multi-Year Credit Agreement; provided that -------- Borrower may request Loans hereunder if it simultaneously requests the maximum amount available under the 364-Day Credit Agreement and the Multi-Year Agreement.
Limitations on Borrowing. Except for (A) borrowings from Lenders hereunder, (B) Indebtedness listed on Exhibit 5.20 hereto, (C) Indebtedness of any Borrower or any Subsidiary of any Borrower to manufacturers and/or manufacturers' representatives or agents and/or leasing companies to purchase Equipment from such creditor and incurred or assumed at the time of acquisition, so long as the Indebtedness shall not exceed the purchase price of such Equipment, (D) Capitalized Lease Obligations, (E) Indebtedness of Foreign Subsidiaries of Borrowers arising after the date hereof not exceeding $2,000,000.00 in the aggregate at any time, (F) Indebtedness of Foreign Subsidiaries of Borrowers arising from a refinancing of Indebtedness of such Foreign Subsidiaries listed on Exhibit 5.20 hereof as long as such refinancing meets the following requirements: (1) the amount of Indebtedness is less than or equal to the amount refinanced and (2) the refinanced Indebtedness is on terms no less favorable to the borrower than the Indebtedness being refinanced, (G) Indebtedness assumed in connection with a Permitted Acquisition, provided that such Indebtedness is not originally incurred (by Borrower or its Subsidiaries, or the seller) in contemplation of such Permitted Acquisition and (H) additional Indebtedness (not otherwise prohibited by any Loan Document) not to exceed $1,000,000.00 in the aggregate at any time, no Borrower will incur, and no Borrower will permit any of such Person's Subsidiaries to incur, any indebtedness for borrowed money, or purchase any assets or property on an installment or other deferred payment basis, enter into leases that under GAAP constitute Capitalized Leases, or sell and leaseback any property or assets.
Limitations on Borrowing. Except for borrowings from Lender hereunder, Borrower will not incur any indebtedness for borrowed money, or purchase any assets or property on an installment or other deferred payment basis. BRL will not incur indebtedness in excess of $500,000 without Lender's prior written consent.
