Common use of OTHER AGENT ADVANCES Clause in Contracts

OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION 2.1, the Agent may, but is not obligated, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Lenders to cease, in an aggregate amount at any time not to exceed $2,000,000.

Appears in 1 contract

Samples: Credit Agreement (Hutchinson Products Corp)

AutoNDA by SimpleDocs

OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION Section 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION Section 2.1, the Agent may, but is not obligated, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Lenders to cease, in an aggregate amount at any time not to exceed $2,000,0005,000,000.

Appears in 1 contract

Samples: Credit Agreement (Venture Stores Inc)

OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION Section 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION Section 2.1, the Agent may, but is not obligated, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Lenders to cease, in an aggregate amount at any time not to exceed $2,000,0001,500,000.

Appears in 1 contract

Samples: Credit Agreement (Imagyn Medical Technologies Inc)

OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION 2.12.1.1, the Agent may, but is not obligated, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Lenders to cease, in an aggregate amount at any time not to exceed $2,000,0001,000,000.

Appears in 1 contract

Samples: Credit Agreement (Mikohn Gaming Corp)

OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION 2.1, the Agent may, but is not obligatedobligated to, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Revolving Lenders to cease, in an aggregate amount at any time not to exceed $2,000,0005,000,000.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION 2.1, the Agent may, but is not obligatedobligated to, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Lenders to cease, in an aggregate amount at any time not to exceed $2,000,0005,000,000.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION 2.1, the Agent may, but is not obligatedobligated to, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Lenders to cease, in an aggregate amount at any time not to exceed $2,000,000.the

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

AutoNDA by SimpleDocs

OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION Section 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION Section 2.1, the Agent may, but is not obligatedobligated to, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Required Lenders to cease, in an aggregate amount at any time not to exceed $2,000,0005,000,000.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

OTHER AGENT ADVANCES. When the conditions for --------------------- borrowing under SECTION Section 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION 2.1Section 3.1, the Agent may, but is not obligated, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Lenders to cease, in an aggregate amount at any time not to exceed $2,000,000.

Appears in 1 contract

Samples: Credit Agreement (Envirodyne Industries Inc)

OTHER AGENT ADVANCES. When the conditions for borrowing under SECTION 5.2 cannot be fulfilled, and notwithstanding the Borrowing Base limitation of SECTION 2.1, the Agent may, but is not obligated, to continue to make Agent Advances for seven (7) Business Days or until sooner instructed by the Majority Lenders to cease, in an aggregate amount at any time not to exceed $2,000,0005,000,000.

Appears in 1 contract

Samples: Credit Agreement (Metal Management Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.