Modifications to Revolving Advance Provisions. Section 2.1 1(a) of the Loan Agreement is hereby replaced in its entirety with the following: (a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make Advances to Borrower in an aggregate outstanding amount not to exceed (i) the Committed Revolving Line or the Borrowing Base, whichever is less, minus (ii) the face amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1 may be repaid and reborrowed at any time during the term of this Agreement.
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Samples: Loan Modification Agreement (Maker Communications Inc), Loan Modification Agreement (Maker Communications Inc)
Modifications to Revolving Advance Provisions. Section 2.1 1(a---------------------------------------------
(a) of the Loan Agreement is hereby replaced in its entirety with the following:
(a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make Advances to Borrower in an aggregate outstanding amount amount, not to exceed (i) the Committed Revolving Line or the Borrowing Base, whichever is less, minus (ii) the face principal amount of all outstanding Letters of Credit Equipment Advances, minus (including drawn but unreimbursed Letters of Credit)iii) the FX Reserve. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1 2.1.1 may be repaid and reborrowed at any time during the term of this Agreement.
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Modifications to Revolving Advance Provisions. Section 2.1 1(a2.1.1 (a) of the Loan Agreement is hereby replaced in its entirety with the following:
(a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make Advances to Borrower in an aggregate outstanding amount not to exceed (i) the Committed Revolving Line or the Borrowing Base, whichever is less, minus (ii) the face amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)FX Reserve as agreed between Bank and Borrower from time to time. Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1 2.1.1 may be repaid and reborrowed at any time during the term of this Agreement.
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Modifications to Revolving Advance Provisions. Section 2.1 1(a2.1.1 (a) of the --------------------------------------------- Loan Agreement is hereby replaced in its entirety with the following:
(a) Subject to and upon the terms and conditions of this Agreement, Bank agrees to make Advances to Borrower in an aggregate outstanding amount not to exceed (i) the Committed Revolving Line or the Borrowing Base, whichever is less, minus (ii) the face amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1 2.1.1 may be repaid and reborrowed at any time during the term of this Agreement.
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