Common use of Revolving Credit Facility Commitment Clause in Contracts

Revolving Credit Facility Commitment. Subject to the terms and conditions and relying upon the representations and warranties of the Borrower herein set forth, the Lender agrees (such agreement being herein called the Lender’s “Revolving Credit Facility Commitment”) to make loans (the “Revolving Credit Facility Loans”) to the Borrower at any time or from time to time on or after the date hereof and to but not including the Revolving Credit Facility Maturity Date, subject, however, to the conditions that the aggregate principal amount of all Revolving Credit Facility Loans and all Letter of Credit Obligations at any time outstanding shall not exceed the lesser of (i) Four Million and 00/100 Dollars ($4,000,000.00), and (ii) the Borrowing Base at such time (the lesser of the amounts described in the foregoing clauses (i) and (ii) being referred to herein as the “Revolving Credit Facility Available Amount”). Notwithstanding anything herein to the contrary, the aggregate outstanding principal amount of all Revolving Credit Facility Loans and all Letter of Credit Obligations, plus the outstanding principal amount of the Term Loan shall not exceed the Borrowing Base.

Revolving Credit Facility Commitment. Subject to the terms and conditions and relying upon the representations and warranties of the Borrower herein set forth, the Lender agrees (such agreement being herein called the Lender’s “'s "Revolving Credit Facility Commitment”") to make loans (the “"Revolving Credit Facility Loans”") to the Borrower at any time or from time to time on or after the date hereof and to but not including the Revolving Credit Facility Maturity Date, subject, however, to the conditions that the aggregate principal amount of all Revolving Credit Facility Loans and all Letter of Credit Obligations at any time outstanding shall not exceed the lesser of (i) Four Eight Million and 00/100 Dollars ($4,000,000.008,000,000.00), and (ii) the Borrowing Base at such time (the lesser of the amounts described in the foregoing clauses (i) and (ii) being referred to herein as the “"Revolving Credit Facility Available Amount”"). Notwithstanding anything herein to the contrary, the aggregate outstanding principal amount of all Revolving Credit Facility Loans and all Letter of Credit Obligations, plus the outstanding principal amount of the Term Loan shall not exceed the Borrowing Base.

Revolving Credit Facility Commitment. Subject to the terms and conditions and relying upon the representations and warranties of the Borrower herein set forth, the Lender agrees (such agreement being herein called the Lender’s “Revolving Credit Facility Commitment”) to make loans (the “Revolving Credit Facility Loans”) to the Borrower at any time or from time to time on or after the date hereof and to but not including the Revolving Credit Facility Maturity Date, subject, however, to the conditions that the aggregate principal amount of all Revolving Credit Facility Loans and all Letter of Credit Obligations at any time outstanding shall not exceed the lesser of (i) Four Million and 00/100 Dollars ($4,000,000.00)the Revolving Credit Facility Committed Amount, and (ii) the Borrowing Base at such time (the lesser of the amounts described in the foregoing clauses (i) and (ii) being referred to herein as the “Revolving Credit Facility Available Amount”). Notwithstanding anything herein to the contrary, the aggregate outstanding principal amount of all Revolving Credit Facility Loans and all Letter of Credit Obligations, plus the outstanding principal amount of the Term Loan shall not exceed the Borrowing Base.