Common use of Revolving Advances Clause in Contracts

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 4 contracts

Samples: Loan and Security Agreement (Inventa Technologies Inc), Loan and Security Agreement (Natus Medical Inc), Loan and Security Agreement (Visioneer Inc)

AutoNDA by SimpleDocs

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is lessLine, minus (ii) the Cash Management Services Sublimit, minus (iii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Optika Inc), Loan and Security Agreement (Lantronix), Loan and Security Agreement (Preview Systems Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Sonoma Systems), Loan and Security Agreement (Crossroads Systems Inc), Intercreditor Agreement (Virage Logic Corp)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the FX Reserve, and minus (iv) all amounts for services utilized under the Cash Management Services Sublimit. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 2 contracts

Samples: Loan Modification Agreement (Synaptics Inc), Loan and Security Agreement (Synaptics Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed without penalty or premium during the term of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Pharsight Corp), Loan Modification Agreement (Ipass Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iii) the FX Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Webridge Inc), Loan and Security Agreement (Insilicon Corp)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 2 contracts

Samples: Loan and Security Agreement (Webridge Inc), Loan and Security Agreement (Alliance Medical Corp)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan Modification Agreement (Pixelworks Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is lessLine, minus (ii) the Cash Management Services Sublimit, minus (iii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iv) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (MMC Networks Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)) minus (iii) the Cash Management Services Sublimit. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Vixel Corp)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base; provided however, whichever is less, minus (ii) that the Borrowing Base shall not limit the amount of all Advances unless and until the outstanding Letters Advances exceed the sum of Credit (including drawn but unreimbursed Letters of Credit)$500,000. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Synthetech Inc)

Revolving Advances. (a) Bank will shall make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, Base minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the aggregate outstanding Advances hereunder. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Lightbridge Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (Aa) the Committed Revolving Line or (Bb) the Borrowing Base, whichever is less, minus (ii) all amounts utilized for Cash Management Services, the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and the FX Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Epoch Biosciences Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (iA) the lesser of (A) the Committed Revolving Line or the Borrowing Base minus (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)Cash Management Services Sublimit. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Health Grades Inc)

Revolving Advances. (a) Bank will shall make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the FX Reserve, and minus (iv) the aggregate outstanding Advances hereunder (including any Cash Management Services). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement." and inserting in lieu thereof the following:

Appears in 1 contract

Samples: Loan Modification Agreement (Moldflow Corp)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is lessLine, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Invision Technologies Inc)

Revolving Advances. (a1) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) and the Borrowing Base, whichever is less, Base minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Sento Corp)

AutoNDA by SimpleDocs

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or of (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Fort Point Partners Inc)

Revolving Advances. (a) Availability. Bank will shall make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the FX Reserve, and minus (iv) the aggregate outstanding Advances hereunder (including any Cash Management Services). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Onesource Information Services Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is lessminus (ii) the Cash Management Services Sublimit, minus (iiiii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Moldflow Corp)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid without premium or penalty and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Onyx Software Corp/Wa)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (Ai) the Committed Revolving Line minus all amounts for services utilized under the Cash Management Services Sublimit or (Bii) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Epicedge Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Exim Committed Revolving Line or (Bii) the Borrowing Base, whichever is less, less minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit)Credit and minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Exim Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Invision Technologies Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). , and minus (iii) the Foreign Exchange Reserve Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Liquid Audio Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters letters of Credit credit (including drawn but unreimbursed Letters letters of Creditcredit), and minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section Advances may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Harmonic Lightwaves Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), minus (iii) the FX Reserve, and minus (iv) the outstanding Obligations under the Cash Management Services Sublimit. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Health Grades Inc)

Revolving Advances. (a) Bank will make Advances not exceeding (i) the lesser of (A) the Committed Revolving Line minus the Cash Management Services Sublimit or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit), and minus (iii) the Foreign Exchange Reserve. Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan and Security Agreement (Actuate Software Corp)

Revolving Advances. (a) Bank will make Revolving Advances not exceeding (i) the lesser of (A) the Committed Revolving Line or (B) the Borrowing Base, whichever is less, minus (ii) the amount of all outstanding Letters of Credit (including drawn but unreimbursed Letters of Credit). Amounts borrowed under this Section may be repaid and reborrowed during the term of this Agreement.

Appears in 1 contract

Samples: Loan Agreement (Ats Medical Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!