Common use of Revolving Line Clause in Contracts

Revolving Line. Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (A) the Revolving Line or (B) the Borrowing Base. Amounts borrowed pursuant to this Section may be repaid and reborrowed at any time prior to the Revolving Maturity Date. Whenever Borrower desires an Advance, Borrower will, (1) by no later than 2:00 pm on the Business Day that the Advance is to be made, (a) notify Bank by electronic mail, facsimile transmission or telephone and (b) deliver to Bank a Loan Advance/Paydown Request Form in substantially the form of Exhibit B and (2) by no later than three (3) Business Days prior to the Business Day on which the Advance is to be made, deliver to Bank a Loan Supplement and Borrowing Base Certificate. Bank is authorized to make Advances under this Agreement, based upon written instructions received from a Responsible Officer or a designee of a Responsible Officer, or without instructions if in Bank’s reasonable discretion such Advances are necessary to meet Obligations which have become due and remain unpaid. Bank shall be entitled to rely on any telephonic notice given by a person listed herein as a Responsible Officer or a designee thereof, and Borrower shall indemnify and hold Bank harmless for any damages or loss suffered by Bank as a result of such reliance. Bank will credit the amount of Advances made under this Section 2.1(a) to the Collateral Account designated by Borrower in the Loan Advance/Paydown Request Form. Borrower shall use the proceeds of each Advance to finance the working capital of Borrower.

Revolving Line. Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (A) the Revolving Line or (B) the Borrowing Base. Amounts borrowed pursuant to this Section may be repaid and reborrowed at any time prior to the Revolving Maturity Date. Whenever Borrower desires an Advance, Borrower will, (1) by no later than 2:00 (x) 12:00 pm on the Business Day that the Advance is to be mademade in the case of any Base Rate Advance and (y) 12:00 pm three Eurodollar Business Days prior to the proposed date of the Advance in the case of any LIBOR Rate Advance, (a) notify provide irrevocable notice thereof to Bank by electronic mail, facsimile transmission or telephone and (b) deliver to Bank a Loan Advance/Paydown Request Form in substantially the form of Exhibit B and (2) by no later than three (3) Business Days prior to the Business Day on which the Advance is to be made, deliver to Bank a Loan Supplement and Borrowing Base Certificate. All Advances shall be in a minimum principal amount of $250,000 or a whole multiple of $100,000 in excess thereof (unless otherwise agreed by Bank). Bank is authorized to make Advances under this Agreement, based upon written instructions received from a Responsible Officer or a designee of a Responsible Officer, or without instructions if in Bank’s reasonable discretion such Advances are necessary to meet Obligations which have become due and remain unpaid. Bank shall be entitled to rely on any telephonic notice given by a person listed herein as a Responsible Officer or a designee thereof, and Borrower shall indemnify and hold Bank harmless for any damages or loss suffered by Bank as a result of such reliance. Bank will credit the amount of Advances made under this Section 2.1(a) to the Collateral Account designated by Borrower in the Loan Advance/Paydown Request Form. Borrower shall use the proceeds of each Advance to finance the working capital of Borrower.

Revolving Line. Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (A) the Revolving Line or (B) the Borrowing Base. Amounts borrowed pursuant to this Section may be repaid and reborrowed at any time prior to the Revolving Maturity Date. Whenever Borrower desires an Advance, Borrower will, (1) by no later than 2:00 pm on the Business Day that the Advance is to be made, (a) notify Bank by electronic mail, facsimile transmission or telephone telephone, (b) with respect to LIBOR-Rate Advances, further notify Bank in the manner required by Section 2.5(a) and (bc) deliver to Bank a Loan Advance/Paydown Request Form in substantially the form of Exhibit B and (2) by no later than three two (32) Business Days prior to the Business Day on which the Advance is to be made, deliver to Bank a Loan Supplement and Borrowing Base Certificate. Bank is authorized to make Advances under this Agreement, based upon written instructions received from a Responsible Officer or a designee of a Responsible Officer, or without instructions if in Bank’s reasonable discretion such Advances are necessary to meet Obligations which have become due and remain unpaid. Bank shall be entitled to rely on any telephonic notice given by a person listed herein as a Responsible Officer or a designee thereof, and Borrower shall indemnify and hold Bank harmless for any damages or loss suffered by Bank as a result of such reliance. Bank will credit the amount of Advances made under this Section 2.1(a) to the Collateral Account designated by Borrower in the Loan Advance/Paydown Request FormGeneral DDA. Borrower shall use the proceeds of each Advance to finance the working capital of Borrower.

Revolving Line. Subject to and upon the terms and conditions of this Agreement, Borrower may request request, and Lenders shall, severally and not jointly, according to each Lender’s available Loan Commitment, make, Advances in an aggregate outstanding principal amount not to exceed the lesser of (Ai) the Revolving Line or and (Bii) the Borrowing Base. Amounts Subject to the terms and conditions of this Agreement, amounts borrowed pursuant to this Section may be repaid and reborrowed re-borrowed at any time prior to the Revolving Maturity Date. Notwithstanding anything to the contrary in this Agreement, on the Revolving Maturity Date, all Advances under this Section shall be immediately due and payable. Borrower may prepay any Advances without penalty or premium; provided however the prepayment of LIBOR-based Advances are subject to Section 2.6(c). Whenever Borrower desires an (i) a Prime-Based Advance, Borrower will, (1) will notify Administrative Agent by email or telephone no later than 2:00 pm 12:00 p.m. Eastern time, on the Business Day that the such Prime-Based Advance is to be made, and (aii) a LIBOR-based Advance, Borrower will notify Bank Administrative Agent by electronic mail, facsimile transmission email or telephone and no later than 12:00 p.m. Eastern time, two (b2) deliver Business Days prior to Bank the Business Day such LIBOR-based Advance is to be made. Each such notification shall be promptly confirmed by a Loan Advance/Paydown Request Form in substantially the form of Exhibit B B-1. Administrative Agent and (2) by no later than three (3) Business Days prior to the Business Day on which the Advance is to be made, deliver to Bank a Loan Supplement and Borrowing Base Certificate. Bank each Lender is authorized to make Advances under this Agreement, based upon written instructions received from a Responsible Officer of Borrower that requests such or a designee of a Responsible OfficerOfficer of Borrower, or without instructions upon notice to Borrower if in BankAdministrative Agent’s reasonable discretion such Advances are necessary to meet Obligations which have pay the principal of, or interest on, any Advance that has become due and remain unpaid. Bank Administrative Agent shall be entitled to rely on any telephonic notice given by a person listed herein as who Administrative Agent reasonably believes to be a Responsible Officer of Borrower that requests an Advance or a designee thereof, and Borrower shall indemnify and hold Bank Administrative Agent and Lenders harmless for any damages or loss suffered by Bank such Person as a result of such reliance. Bank Administrative Agent will credit the amount of Advances made under this Section 2.1(a) 2.1 by wire transfer according to the Collateral Account designated instructions provided by Borrower Borrower. All Advances shall be made in the Loan Advance/Paydown Request Form. Borrower shall use the proceeds of each Advance to finance the working capital of BorrowerU.S. Dollars.

Revolving Line. Subject to and upon the terms and conditions of this Agreement, Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (A) the Revolving Line or (B) the Borrowing Base. Amounts borrowed pursuant to this Section may be repaid and reborrowed at any time prior to the Revolving Maturity Date. Whenever Borrower desires an Advance, Borrower will, (1) by no later than 2:00 (x) 12:00 pm on the Business Day that the Advance is to be mademade in the case of any Base Rate Advance and (y) 12:00 pm three Business Days prior to the proposed date of the Advance in the case of any SOFR Advance, (a) notify provide irrevocable notice thereof to Bank by electronic mail, facsimile transmission or telephone and (b) deliver to Bank a Loan Advance/Paydown Request Form in substantially the form of Exhibit B and (2) by no later than three (3) Business Days prior to the Business Day on which the Advance is to be made, deliver to Bank a Loan Supplement and Borrowing Base Certificate. All Advances shall be in a minimum principal amount of $250,000 or a whole multiple of $100,000 in excess thereof (unless otherwise agreed by Bank). Bank is authorized to make Advances under this Agreement, based upon written instructions received from a Responsible Officer or a designee of a Responsible Officer, or without instructions if in Bank’s reasonable discretion such Advances are necessary to meet Obligations which have become due and remain unpaid. Bank shall be entitled to rely on any telephonic notice given by a person listed herein as a Responsible Officer or a designee thereof, and Borrower shall indemnify and hold Bank harmless for any damages or loss suffered by Bank as a result of such reliance. Bank will credit the amount of Advances made under this Section 2.1(a) to the Collateral Account designated by Borrower in the Loan Advance/Paydown Request Form. Borrower shall use the proceeds of each Advance to finance the working capital of Borrower.