Common use of Line of Credit Amount Clause in Contracts

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrowers. The amount of the line of credit (the "Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base. (b) This is a revolving line of credit providing for cash advances and letters of credit. During the availability period, the Borrowers may repay principal amounts and reborrow them. (c) The Borrowers agree not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment. If the Borrowers exceed this limit, the Borrowers will pay the excess to the Bank within two (2) business days of the Bank's demand. The Bank may apply payments received from the Borrowers under this Paragraph to the obligations of the Borrowers to the Bank in the order and the manner as the Bank, in its discretion, may determine.

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower. The amount of the line of credit (the "Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base. (b) This is a revolving line of credit providing for cash advances and letters of credit. During the availability period, the Borrowers Borrower may repay principal amounts and reborrow them. (c) The Borrowers agree Borrower agrees not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment. If the Borrowers exceed Borrower exceeds this limit, the Borrowers Borrower will immediately pay the excess to the Bank within two (2) business days of upon the Bank's demand. The Bank may apply payments received from the Borrowers Borrower under this Paragraph to the obligations of the Borrowers Borrower to the Bank in the order and the manner as the Bank, in its discretion, may determine.

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the BorrowersBorrower. The amount of the line of credit (the "Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing Base. (b) This is a revolving line of credit providing for cash advances and with a within line facility for letters of credit. During the availability period, the Borrowers Borrower may repay principal amounts and reborrow them. (c) The Borrowers agree Borrower agrees not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment. If the Borrowers exceed Borrower exceeds this limit, the Borrowers Borrower will immediately pay the excess to the Bank within two (2) business days of upon the Bank's demand. The Bank may apply payments received from the Borrowers Borrower under this Paragraph to the obligations of the Borrowers Borrower to the Bank in the order and the manner as the Bank, in its discretion, may determine.

Line of Credit Amount. (a) During the availability period described below, the Bank will provide a line of credit to the Borrowers. The amount of the line of credit (the "Commitment") is equal to the lesser of (i) the Credit Limit or (ii) the Borrowing BaseBase as determined by the Bank from time to time in accordance with this Agreement. (b) This is a revolving line of credit providing for cash advances and letters of credit. During the availability period, the Borrowers may repay principal amounts and reborrow them. (c) The Borrowers agree not to permit the outstanding principal balance of advances under the line of credit plus the outstanding amounts of any letters of credit, including amounts drawn on letters of credit and not yet reimbursed, to exceed the Commitment. If the Borrowers exceed this limit, the Borrowers will immediately pay the excess to the Bank within two (2) business days of upon the Bank's demand. The Bank may apply payments received from the Borrowers under this Paragraph paragraph to the obligations of the Borrowers to the Bank in the order and the manner as the Bank, in its discretion, may determine.