Common use of Line of Credit and Limitations on Borrowing Clause in Contracts

Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Companies under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) the Maximum Line Amount (as in effect from time to time as described below), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. As of the November 18, 2009, the “Maximum Line Amount” shall be $4,950,000.”

Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Companies Company under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) $12,000,000 (the “Maximum Line Amount (as in effect from time to time as described belowAmount”), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies Company may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. As of the November 18, 2009, the “Maximum Line Amount” shall be $4,950,000.”

Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Companies under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) the Maximum Line Amount (as in effect from time to time as described below), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. As of the November 18, 2009Second Amendment Effective Date, the “Maximum Line Amount” shall initially be $4,950,0009,000,000. The Maximum Line Amount shall be automatically decreased to $7,000,000 from and after September 1, 2009.”

Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances advances (each an “Advance”, and collectively the “Advances”) to Companies Company under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) $15,000,000 (the “Maximum Line Amount (as in effect from time to time as described belowAmount”), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies Company may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. As of the November 18, 2009, the “Maximum Line Amount” shall be $4,950,000.”

Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Companies Company under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) $13,500,000 (the “Maximum Line Amount (as in effect from time to time as described belowAmount”), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies Company may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. As of the November 18, 2009, the “Maximum Line Amount” shall be $4,950,000.”

Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Companies Company under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) $25,000,000 (the “Maximum Line Amount (as in effect from time to time as described belowAmount”), or (ii) the Borrowing Base limitations described set forth in Section 1.2. Within these limits, Companies Company may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. As of the November 18, 2009, the “Maximum Line Amount” shall be $4,950,000.”

Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances advances (each an "Advance", and collectively the "Advances") to Companies Company under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) $4,750,000 (the "Maximum Line Amount (as in effect from time to time as described belowAmount"), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies Company may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. As of the November 18, 2009, the “Maximum Line Amount” shall be $4,950,000.”

Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Companies under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) the Maximum Line Amount (as in effect from time to time as described below), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies may periodically borrow, prepay in whole or in part, and reborrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo believes that an Advance would result in an Event of Default. As of the November 18, 2009Third Amendment Effective Date, the “Maximum Line Amount” shall be $4,950,0005,500,000.”

Line of Credit and Limitations on Borrowing. Xxxxx Fargo shall make Advances to Companies Borrower under the Line of Credit that, together with the L/C Amount, shall not at any time exceed in the aggregate the lesser of (i) $20,000,000 (the “Maximum Line Amount (as in effect from time to time as described belowAmount”), or (ii) the Borrowing Base limitations described in Section 1.2. Within these limits, Companies Borrower may periodically borrow, prepay in whole or in part, and reborrowre-borrow. Xxxxx Fargo has no obligation to make an Advance during a Default Period or at any time Xxxxx Fargo reasonably believes that the making of an Advance would result in an Event of Default. As of the November 18, 2009, the “Maximum Line Amount” shall be $4,950,000.”