Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount.
Appears in 29 contracts
Samples: Credit and Security Agreement (Quantum Corp /De/), Guaranty and Security Agreement (Dril-Quip Inc), Guaranty and Security Agreement (Dril-Quip Inc)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula AmountCredit.
Appears in 23 contracts
Samples: Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Perma Fix Environmental Services Inc), Security Agreement (Perma Fix Environmental Services Inc)
Maximum Advances. The aggregate balance of Revolving Advances plus and Swing Loans outstanding at any time shall not exceed the lesser least of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit Credit, or (b) the Formula Amount.
Appears in 4 contracts
Samples: Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.), Credit and Security Agreement (ARKO Corp.)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount Amount, less Reserves established hereunder, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit Credit, or (b) the Formula Amount.
Appears in 3 contracts
Samples: Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.), Security Agreement (Viant Technology Inc.), Revolving Credit and Security Agreement and Guaranty (Viant Technology Inc.)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Loan Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit less the outstanding balance of any Fuel Taxes that are due and owing or (b) the Formula Amount.
Appears in 2 contracts
Samples: Credit and Security Agreement (Green Plains Inc.), Security Agreement (Green Plains Renewable Energy, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount Amount, less Reserves hereunder, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount.
Appears in 2 contracts
Samples: Guaranty Agreement (Drilling Tools International Corp), Guaranty Agreement (ROC Energy Acquisition Corp.)
Maximum Advances. The aggregate balance of Revolving Advances plus (including Swing Loans Loans) outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount.
Appears in 2 contracts
Samples: Security Agreement, Security Agreement (Emerge Energy Services LP)
Maximum Advances. The Except as provided in Section 16.2(e) hereof, the aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount.
Appears in 2 contracts
Samples: Loan and Security Agreement (Ati Inc), Security Agreement (Allegheny Technologies Inc)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula AmountAmount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit. 2.8.
Appears in 1 contract
Samples: Cca Industries Inc
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit and the aggregate amount of all Swing Loans then outstanding or (b) the Formula Amount.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula AmountCredit.
Appears in 1 contract
Samples: Credit Agreement (Connecture Inc)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Johnson Outdoors Inc)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount plus the Additional Borrowing Base Amount.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit Credit, or (b) the Formula Amount.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Daseke, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances Loans plus Swing Line Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Loan Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount.
Appears in 1 contract
Samples: Pledge and Security Agreement (Fairmount Santrol Holdings Inc.)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed an amount equal to (1) the lesser of (ax) the Maximum Revolving Advance Amount and (y) the Formula Amount, less (2) the outstanding principal amount of Swing Loans, less (3) the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula AmountCredit.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount.
Appears in 1 contract
Samples: Revolving Credit and Security Agreement (Johnson Outdoors Inc)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the Availability Block or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) Credit. The aggregate balance of Advances outstanding at any time shall not exceed the Formula Maximum Loan Amount.
Appears in 1 contract
Samples: Loan and Security Agreement (Flotek Industries Inc/Cn/)
Maximum Advances. The aggregate balance of Revolving Advances plus outstanding and Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula AmountCredit.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) and the Formula Amountaggregate amount of all Swing Loans then outstanding.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less or (b) the Formula Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) Credit. The aggregate balance of Advances outstanding at any time shall not exceed the Formula Maximum Loan Amount.
Appears in 1 contract
Samples: Loan and Security Agreement (Flotek Industries Inc/Cn/)
Maximum Advances. The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula Amount. The original aggregate principal amount of all Term Loans shall not exceed the Maximum Term Loan Amount.
Appears in 1 contract
Samples: Loan and Security Agreement (Swenson Granite Co LLC)
Maximum Advances. The Except as provided in Section 16.2(e) and (f) hereof, the aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit or (b) the Formula AmountBorrowing Base.
Appears in 1 contract
Maximum Advances. (a) The aggregate balance of Revolving Advances plus Swing Loans outstanding at any time shall not exceed the lesser of (ai) the Maximum Revolving Advance Loan Amount less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit less the outstanding balance of any Fuel Taxes that are due and owing or (bii) the Formula Amount.
Appears in 1 contract
