No Overadvance Sample Clauses

No Overadvance. After giving effect to the making of the Loans on the Closing Date and the consummation of the transactions contemplated hereby, the Combined Loan Balance as of such date shall not exceed the Maximum Facility Limit as of such date.
AutoNDA by SimpleDocs
No Overadvance. After the making of such Revolving Loan, the aggregate principal amount of all Revolving Loans shall not exceed the Availability.
No Overadvance. The fact that, immediately after such Borrowing, the aggregate outstanding principal amount of the Revolving Loans of each Bank (and, in the case of the Swing Bank, the Swing Loans) will not exceed the amount of its Commitment.
No Overadvance. After giving effect to any Revolving Loan or the issuance of any Letter of Credit, the Aggregate Revolving Exposure of all Revolving Lenders shall not exceed the Total Revolving Commitments of all Revolving Lenders at such time. Each request by the Borrower for a Loan, each submission by the Borrower of a Notice of Borrowing or a request for a Letter of Credit, and each acceptance by the Borrower of the proceeds of each Loan made hereunder shall constitute a representation and warranty by the Borrower, as of the Funding Date in respect of such Loan, or as of the date on which any Letter of Credit is issued, renewed, extended or continued, as the case may be, that all conditions set forth in this Section 4.02 have been satisfied.
No Overadvance. No Overadvance or unfunded Cash Collateralizing obligation shall exist or result from such funding or issuance; and
No Overadvance. Subject to Section 2.7, no Overadvance shall result from such Extension of Credit.
No Overadvance. After giving effect to such Borrowing or Issuance, the Revolving Loans and L/C Obligations shall be within the limits specified by Sections 2.01 and 3.01. Each Notice of Borrowing and L/C Application or L/C Amendment Application submitted by the Company hereunder shall constitute a representation and warranty by the Company hereunder, as of the date of each such notice and as of each Borrowing Date or Issuance Date that the conditions in Section 5.02 are satisfied.
AutoNDA by SimpleDocs
No Overadvance. The Borrower has determined that, immediately after giving effect to each Loan hereunder, no Overadvance exists.
No Overadvance. Borrower has determined that, immediately after giving effect to each Advance hereunder, no Overadvance exists.
No Overadvance. Xxxxxxxx has determined that, immediately after giving effect to each Advance hereunder, no Overadvance exists.
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!