Maximum Revolving Advances Sample Clauses
The Maximum Revolving Advances clause sets a cap on the total amount of funds that a borrower can draw under a revolving credit facility at any given time. In practice, this means that even if the borrower repays part of the outstanding balance, they cannot borrow more than the specified maximum limit, regardless of the number of advances or repayments made. This clause is essential for lenders as it controls their exposure to credit risk and ensures that the borrower's access to funds remains within agreed-upon boundaries.
Maximum Revolving Advances. In the case of any Revolving Advances requested to be made, after giving effect thereto, the aggregate Revolving Advances shall not exceed the maximum amount of Revolving Advances permitted under Section 2.1; and
Maximum Revolving Advances. The aggregate balance of all Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Amount or (b) the Borrowing Base, in any event.
Maximum Revolving Advances. The aggregate balance of Revolving Advances plus the aggregate amount of Letters of Credit outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount.
Maximum Revolving Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the Maximum Revolving Advance Amount.
Maximum Revolving Advances. In the case of any Revolving Advance or Letter of Credit requested to be made, after giving effect thereto, the aggregate amount of all Revolving Advances and Letters of Credit shall not exceed the maximum amount of Advances permitted under Section 2.1 hereof; and
Maximum Revolving Advances. The aggregate balance of all Revolving Advances and all Letter of Credit Obligations at any time shall not exceed the Maximum Revolving Advance Amount at such time.
Maximum Revolving Advances. In the case of any request for a Revolving Advance after giving effect thereto, the aggregate amount of all Revolving Advances shall not exceed the Maximum Revolving Advance Amount; and (d)
Maximum Revolving Advances. The aggregate balance of Revolving Advances and Letters of Credit outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Amount or (b) the Borrowing Base, in any event.
Maximum Revolving Advances. In the case of any Revolving Advances requested to be made, after giving effect thereto, the aggregate Revolving Advances shall not exceed the maximum amount of Revolving Advances permitted under Section 2.5 hereof. Each request for an Advance by Borrower hereunder shall constitute a representation and warranty by Borrower as of the date of such Advance that the conditions contained in this subsection shall have been satisfied.
Maximum Revolving Advances. In the case of any Revolving Advances requested to be made or Letters of Credit requested to be issued, after giving effect thereto, the aggregate Revolving Advances and outstanding Letters of Credit shall not exceed the lesser of the Formula Amount or the Maximum Revolving Amount. Each request for a Revolving Advance or Letter of Credit by any Borrower or Borrowing Agent hereunder shall constitute a representation and warranty by each Borrower as of the date of such request that the conditions contained in this subsection shall have been satisfied.