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Common use of Maximum Revolving Advances Clause in Contracts

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.

Appears in 3 contracts

Samples: Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Manhattan Bridge Capital, Inc), Credit and Security Agreement (Manhattan Bridge Capital, Inc)

Maximum Revolving Advances. The aggregate balance of all Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Borrowing Base, in any eventFormula Amount.

Appears in 2 contracts

Samples: Revolving Credit, Term Loan, Capital Expenditure Loan, Guaranty, and Security Agreement (HLM Design Inc), Revolving Credit and Security Agreement (Vista Information Solutions Inc)

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.

Appears in 1 contract

Samples: Credit and Security Agreement (Sachem Capital Corp.)

Maximum Revolving Advances. The aggregate balance of all outstanding Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Borrowing Base, in any eventFormula Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Blonder Tongue Laboratories Inc)

Maximum Revolving Advances. The aggregate balance of all Revolving Advances outstanding at any time shall not exceed the lesser of (ax) the Maximum Revolving Advance Amount or less the sum of (a) outstanding Equipment Value Advances, (b) outstanding Inventory Value Advances, and (c) outstanding Letters of Credit and (y) the Borrowing Base, in any event.

Appears in 1 contract

Samples: Revolving Credit and Security Agreement (Allstate Financial Corp /Va/)