Common use of Limited to Availability Clause in Contracts

Limited to Availability. Notwithstanding any contrary provision of this Agreement, the Outstanding Amount of all Loans plus the Outstanding Amount of all L/C Obligations shall not at any time exceed the Availability. Within the limits of the Availability, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.1 and under Section 2.5 prior to the Maturity Date, repay pursuant to Section 2.8 and reborrow pursuant to this Section 2.1 and pursuant to Section 2.5 prior to the Maturity Date.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (Essex Portfolio Lp), Revolving Credit Agreement (AmREIT, Inc.)

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Limited to Availability. Notwithstanding any contrary provision of this Agreement, the Outstanding Amount of all Loans (including all Swing Loans and Bid Loans) plus the Outstanding Amount of all L/C Obligations shall not at any time exceed the Availability. Within the limits of the Availability, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.1 and under Section 2.5 Sections 2.4 and 2.6 prior to the Maturity Date, repay pursuant to Section 2.8 2.9 and reborrow pursuant to this Section 2.1 and pursuant to Section 2.5 Sections 2.4 and 2.6 prior to the Maturity Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Essex Portfolio Lp)

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Limited to Availability. Notwithstanding any contrary provision of this Agreement, the Outstanding Amount of all Loans and Swing Loans plus the Outstanding Amount of all L/C Obligations shall not at any time exceed the Availability. Within the limits of the Availability, and subject to the other terms and conditions hereof, Borrower may borrow under this Section 2.1 and under Section 2.5 prior to the Maturity Date, repay pursuant to Section 2.8 and reborrow pursuant to this Section 2.1 and pursuant to Section 2.5 prior to the Maturity Date.

Appears in 1 contract

Samples: Revolving Credit Agreement (Essex Portfolio Lp)

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