Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“Advances”) to Borrowers in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount minus the Letter of Credit Usage, or (ii) the Borrowing Base minus the Letter of Credit Usage.
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Samples: Loan and Security Agreement (Matrix Geophysical, Inc.), Loan and Security Agreement (Seitel Inc)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrowers Borrower in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the result of the Maximum Revolver Amount minus less the Letter of Credit Usage, Usage or (ii) the Borrowing Base minus less the Letter of Credit Usage.. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the result of:
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Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrowers Borrower in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount minus less the Letter of Credit Usage, or (ii) the Borrowing Base minus less the Letter of Credit Usage.Usage and the aggregate amount of Availability Reserves. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the result of:
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Samples: Loan and Security Agreement (Harvey Electronics Inc)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrowers in an amount at any one time outstanding not to exceed of an amount equal to the lesser of (i) the Maximum Revolver Amount minus less the Letter of Credit Usage, or (ii) the Borrowing Base minus less the Letter of Credit Usage.. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the result of:
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Samples: Loan Agreement (Synalloy Corp)
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrowers in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount minus less the Letter of Credit Usage, or (ii) the Borrowing Base minus of Borrowers on a combined basis less the Letter of Credit Usage.. For purposes of this Agreement, "Borrowing Base", as of any date of determination, shall mean the result of:
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Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrowers in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount minus the Letter of Credit Usage, or (ii) the Borrowing Base minus the Letter of Credit Usage.
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Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrowers DF in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount minus less the Letter of Credit Usage, or (ii) the Borrowing Base minus less the Letter of Credit Usage.. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the result of:
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Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“"Advances”") to Borrowers in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount minus less the Letter of Credit Usage, or (ii) the Borrowing Base minus less the Letter of Credit Usage.. For purposes of this Agreement, "Borrowing Base," as of any date of determination, shall mean the result of:
Appears in 1 contract
Revolver Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make advances (“Advances”) to Borrowers Borrower in an amount at any one time outstanding not to exceed an amount equal to the lesser of (i) the Maximum Revolver Amount minus less the Letter of Credit Usage, or (ii) the Borrowing Base minus less the Letter of Credit Usage.. For purposes of this Agreement, “Borrowing Base,” as of any date of determination, shall mean the result of:
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