Common use of REVOLVING CREDIT AMOUNT Clause in Contracts

REVOLVING CREDIT AMOUNT. The term "Revolving Credit Amount" shall mean the maximum amount of Revolving Loans which the Lender will make available to the Borrower which amount shall not exceed THREE MILLION AND NO/100 DOLLARS ($3,000,000); PROVIDED, HOWEVER, that the aggregate outstanding principal balance of the Revolving Loans PLUS the Letter of Credit Obligations shall not exceed the Revolving Credit Amount.

Appears in 2 contracts

Samples: Credit and Security Agreement (Wsi Industries Inc), Credit and Security Agreement (Wsi Industries Inc)

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REVOLVING CREDIT AMOUNT. The term "Revolving Credit Amount" shall mean the maximum amount of Revolving Loans which the Lender will make available to the Borrower which amount shall not exceed THREE ONE MILLION AND NO/100 DOLLARS ($3,000,0001,000,000); PROVIDEDprovided, HOWEVERhowever, that the aggregate outstanding principal balance of the Revolving Loans PLUS plus the Letter of Credit Obligations shall not exceed the Revolving Credit Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Washington Scientific Industries Inc)

REVOLVING CREDIT AMOUNT. The term "Revolving Credit Amount" shall mean the maximum amount of Revolving Loans which the Lender will make available to the Borrower which amount shall not exceed THREE FIVE MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($3,000,0005,500,000) (unless such amount is increased by the Lender in its sole and absolute discretion); PROVIDEDprovided, HOWEVERhowever, that the aggregate outstanding principal balance of the Revolving Loans PLUS plus the Letter of Credit Obligations shall not exceed the Revolving Credit Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Primegg LTD)

REVOLVING CREDIT AMOUNT. The term "Revolving Credit Amount" shall mean the maximum amount of Revolving Loans which the Lender will make available to the Borrower which amount shall not exceed THREE SEVEN MILLION FIVE HUNDRED THOUSAND AND NO/100 No/100 DOLLARS ($3,000,0007,500,000) (unless such amount is increased by the Lender in its sole and absolute discretion); PROVIDEDprovided, HOWEVERhowever, that the aggregate outstanding principal balance of the Revolving Loans PLUS plus the Letter of Credit Obligations shall not exceed the Revolving Credit Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Primegg LTD)

REVOLVING CREDIT AMOUNT. The term "Revolving Credit Amount" shall mean the maximum amount of Revolving Loans which the Lender will make available to the Borrower which amount shall not exceed THREE SEVEN MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($3,000,0007,500,000) (unless such amount is increased by the Lender in its sole and absolute discretion); PROVIDEDprovided, HOWEVERhowever, that the aggregate outstanding principal balance of the Revolving Loans PLUS plus the Letter of Credit Obligations shall not exceed the Revolving Credit Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Primegg LTD)

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REVOLVING CREDIT AMOUNT. The term "Revolving Credit Amount" shall mean the maximum amount of Revolving Loans which the Lender will make available to the Borrower which amount shall not exceed THREE MILLION AND NO/100 DOLLARS ($3,000,000); PROVIDEDprovided, HOWEVERhowever, that the aggregate outstanding principal balance of the Revolving Loans PLUS plus the Letter of Credit Obligations shall not exceed the Revolving Credit Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Wsi Industries Inc)

REVOLVING CREDIT AMOUNT. The term "Revolving Credit Amount" shall mean the maximum amount of Revolving Loans which the Lender will make available to the Borrower which amount shall not exceed THREE NINE MILLION AND NO/100 DOLLARS ($3,000,0009,000,000) (unless such amount is increased by the Lender in its sole and absolute discretion); PROVIDEDprovided, HOWEVERhowever, that the aggregate outstanding principal balance of the Revolving Loans PLUS plus the Letter of Credit Obligations shall not exceed the Revolving Credit Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Primegg LTD)

REVOLVING CREDIT AMOUNT. The term "Revolving Credit Amount" shall mean the maximum amount of Revolving Loans which the Lender will make available to the Borrower which amount shall not exceed THREE SEVEN MILLION FIVE HUNDRED THOUSAND AND NO/100 DOLLARS ($3,000,0007,500,000)(unless such amount is increased by the Lender in its sole and absolute discretion); PROVIDEDprovided, HOWEVERhowever, that the aggregate outstanding principal balance of the Revolving Loans PLUS plus the Letter of Credit Obligations shall not exceed the Revolving Credit Amount.

Appears in 1 contract

Samples: Credit and Security Agreement (Primegg LTD)

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