Common use of REVOLVING CREDIT AMOUNT Clause in Contracts

REVOLVING CREDIT AMOUNT. The maximum amount of Revolving Loans which Lender will make available to Borrower (such amount is herein called the "Revolving Credit Amount") is (i) FIVE MILLION FOUR HUNDRED THOUSAND DOLLARS ($5,400,000) (unless such amount is increased by Lender in its sole discretion) less (ii) the principal amount of "Revolving Loans" (under and as defined in each Other Loan Agreement) outstanding under each Other Loan Agreement.

Appears in 3 contracts

Samples: Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//), Loan and Security Agreement (Elxsi Corp /De//)

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REVOLVING CREDIT AMOUNT. The maximum amount of Revolving Loans which Lender Lender, in its discretion, will make available to Borrower (such amount amount, as adjusted from time to time, is herein called the "Revolving Credit Amount") is (i) FIVE MILLION FOUR HUNDRED THOUSAND DOLLARS ($5,400,000) (unless such amount is increased by Lender in its sole discretion) less (ii) the principal amount of "Revolving Loans" (under and as defined in each Other Loan Agreement) outstanding under each Other Loan Agreement16,000,000.

Appears in 2 contracts

Samples: Loan and Security Agreement (Rainbow Rentals Inc), Loan and Security Agreement (Rainbow Rentals Inc)

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