Common use of Revolving Credit Facility Advances Clause in Contracts

Revolving Credit Facility Advances. Each of the Lenders, relying upon each of the representations and warranties set out in Section 2, hereby agrees with the Borrower that, subject to the terms of this Agreement, it will on or before 12:00 noon New York time on the Revolving Credit Facility Drawdown Dates make the Revolving Credit Facility Advances available to the Borrower in an aggregate amount not to exceed, on a pro rata basis, its Commitment for its respective portion of the Revolving Credit Facility, provided, however, that (a) each such Advance shall be in the minimum amount of One Hundred Thousand Dollars ($100,000) and (b) the maximum aggregate amount of all Revolving Credit Facility Advances which may be outstanding under this Agreement is One Million Dollars ($1,000,000), as the same may be reduced pursuant to Section 5.

Revolving Credit Facility Advances. Each of the Lenders, relying upon each of the representations and warranties set out in Section 2, hereby agrees with the Borrower that, subject to the terms of this Agreement, it will on or before 12:00 noon New York time on the Revolving Credit Facility Drawdown Dates make the Revolving Credit Facility Advances available to the Borrower in an aggregate amount not to exceed, on a pro rata basis, its Commitment for its respective portion of the Revolving Credit Facility, provided, however, that (a) each such Advance shall be in the minimum amount of One Hundred Thousand Dollars ($100,000) and (b) the maximum aggregate amount of all Revolving Credit Facility Advances which may be outstanding under this Agreement is One Two Million Dollars ($1,000,0002,000,000), as the same may be reduced pursuant from time to Section 5.time as