Common use of Not a Revolving Facility Clause in Contracts

Not a Revolving Facility. Company acknowledges and agrees that the credit facility granted hereunder is a multiple advance facility, but is not a revolving facility, and Company may not borrow, repay and re-borrow Advances.

Appears in 6 contracts

Samples: Revenue Loan and Security Agreement (INVO Bioscience, Inc.), Revenue Loan and Security Agreement (T1V, Inc.), Revenue Loan and Security Agreement (Stryve Foods, Inc.)

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Not a Revolving Facility. Company acknowledges and agrees that the credit facility granted hereunder is a multiple advance facility, but is not a revolving facility, and Company may not borrow, repay and re-borrow Advancesthe Advance.

Appears in 1 contract

Samples: Revenue Loan and Security Agreement (Isun, Inc.)

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Not a Revolving Facility. Company acknowledges and agrees that the credit facility granted hereunder is a multiple an advance facility, but is not a revolving facility, and Company may not borrow, repay and re-borrow Advancesthe Advance.

Appears in 1 contract

Samples: Revenue Loan and Security Agreement (Pineapple Energy Inc.)

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