Modified Credit Limit. Section 1 of the Schedule to Loan and Security Agreement is hereby amended to read as follows:
Modified Credit Limit. Section 1 of the Schedule to Loan and Security Agreement is hereby amended and restated in its entirety to read as follows:
Modified Credit Limit. Subclause (A) of the Credit Limit set forth in Section 1 of the Schedule to Loan and Security Agreement is hereby amended in its entirety to read as follows:
(A) The lesser of (i) $20,000,000 (referred to herein as the “Maximum Revolving Credit Limit” ) at any one time outstanding; or (ii) the sum of (a) up to 80% (the “Advance Rate”) of the amount of Borrower’s Eligible Accounts (as defined in Section 8 above) and (b) up to 50% of the aggregate amount of unrestricted cash and cash equivalents maintained at accounts at Silicon (provided that availability hereunder shall be reduced, as and when applicable, pursuant to the terms of clause (B) below); PLUS
Modified Credit Limit. That portion of the Credit Limit entitled “Cash Management Services and Reserves” as set forth in Section 1 of the Amended and Restated Schedule to Loan and Security Agreement is hereby deleted and replaced with the following: (Section 1.6): $250,000; provided that the total of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and the FX Reserve, and all amounts for Cash Management Services utilized under the Cash Management Services Amount may not exceed $250,000. Amount: $250,000; provided that the total of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and the FX Reserve, and all amounts for Cash Management Services utilized under the Cash Management Services Amount may not exceed $250,000. Services: Borrower may use up to the Cash Management Amount above, for Silicon’s Cash Management Services (as defined below), including, merchant services, business credit card, ACH and other services identified in the cash management services agreement related to such service (the “Cash Management Services”). Silicon may charge to Borrower’s Loan account, any amounts that may become due or owing to Silicon in connection with the Cash Management Services. Borrower agrees to execute and deliver to Silicon all standard form applications and agreements of Silicon in connection with the Cash Management Services, and, without limiting any of the terms of such applications and agreements, Borrower will pay all standard fees and charges of Silicon in connection with the Cash Management Services. The Cash Management Services shall terminate on the Maturity Date. Contract Amount: $250,000; provided that the total of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and the FX Reserve, and all amounts for Cash Management Services utilized under the Cash Management Services Amount may not exceed $250,000. FX Reserve: Borrower may enter into foreign exchange forward contracts with Silicon, on its standard forms, under which Borrower commits to purchase from or sell to Silicon a set amount of foreign currency more than one business day after the contract date (the “FX Forward Contracts”); provided that (1) at the time the FX Forward Contract is entered into Borrower has Loans available to it under the Foreign Exchange Contract Amount in an amount at least equal to 10% of the amount of the FX Forward Contract; and (2) the total FX Forward Contracts at any one time o...
Modified Credit Limit. (Reduction of Revolving Line Credit Amount and Deletion of NOMOS Corporation). Section 1 of the Amended and Restated Schedule 2 to Loan and Security Agreement is hereby amended to read as follows:
Modified Credit Limit. The following paragraph is hereby added at the end of Section 1 of the Schedule to Loan and Security Agreement (Exim Program) and shall read as follows: Notwithstanding the foregoing, the total outstanding Obligations under this Agreement and the Revolving Loans under the Non-Exim Agreement (as defined below) shall not at any time exceed $8,000,000 (inclusive of any issued Letters of Credit).
Modified Credit Limit. Section 1 of the Schedule to Loan and Security Agreement, entitled "Credit Limit," is hereby amended to read as follows: SILICON VALLEY BANK AMENDMENT TO LOAN AGREEMENT
1. CREDIT LIMIT (Section 1.1): An amount equal to the sum of 1 and 2 below:
Modified Credit Limit. That portion of the Credit Limit set forth in Section 1 of the Schedule to Loan and Security Agreement that currently reads as follows: An amount not to exceed the lesser of: (i) $5,000,000 at any one time outstanding (the “Maximum Credit Limit”); or (ii) 60% of the amount of Borrower’s Eligible Receivables (as defined in Section 8 above). is hereby amended to read as follows: An amount not to exceed the lesser of: (i) $2,000,000 at any one time outstanding (the “Maximum Credit Limit”); or (ii) 50% of the amount of Borrower’s Eligible Receivables (as defined in Section 8 above).
Modified Credit Limit. The first paragraph of Section 1 of the Schedule to Loan and Security Agreement, which currently reads as follows: "An amount not to exceed the lesser of: (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 75% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above); provided, however, that notwithstanding the foregoing, until the termination of the Standby Period (as defined in the Standby Agreement) as provided for below, the maximum principal amount of Loans, if any, outstanding under the Loan Agreement shall not exceed $3,000,000.", is hereby amended and restated in its entirety to read as follows: "An amount not to exceed the lesser of: (i) $10,000,000 at any one time outstanding (the "Maximum Credit Limit"); or (ii) 80% of the amount of Borrower's Eligible Receivables (as defined in Section 8 above); provided, however, that notwithstanding the foregoing, until the termination of the Standby Period (as defined in that certain Standby Facility Agreement, dated January 27, 2000, between Borrower and Silicon (as amended, the "Standby Agreement")) as provided for below, the maximum principal amount of Loans, if any, outstanding under the Loan Agreement shall not exceed $2,000,000."
Modified Credit Limit. Section 1 of the Schedule is amended and restated in its entirety to read as follows:
