Common use of Revolving Loan Advances Clause in Contracts

Revolving Loan Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make revolving loans (“Advances”) to Borrowers by way of Fixed Rate LIBOR Loans and Variable Rate LIBOR Loans in an aggregate amount at any one time outstanding not to exceed the lesser of: (i) the Maximum Revolver Amount, less the Letter of Credit Usage at such time; and (ii) the Borrowing Base at such time less the Letter of Credit Usage at such time. (b) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Advances, together with interest accrued and unpaid thereon, shall be due and payable on the Termination Date. Lender has no obligation to make an Advance at any time following the occurrence of a Default or an Event of Default. (c) If at any time the Maximum Revolver Amount is less than the amount of the Borrowing Base, the amount of Advances available under Section 2.1(a) above shall be reduced by any Reserves established by Lender with respect to amounts that may be payable by any Borrower to third parties.

Revolving Loan Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make revolving loans (“Advances”) to Borrowers by way of Fixed Canadian Prime Rate LIBOR Loans Loans, and Variable Rate Daily Three Month LIBOR Loans in an aggregate amount at any one time outstanding not to exceed the lesser of: (i) the Maximum Revolver Amount, Amount less the Letter of Credit Usage at such time; , and (ii) the Borrowing Base at such time less the Letter of Credit Usage at such time. (b) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Advances, together with interest accrued and unpaid thereon, shall be due and payable on the Termination Date. Lender has no obligation to make an Advance at any time following the occurrence of a Default or an Event of Default. (c) If at any time the Maximum Revolver Amount is less than the amount of the Borrowing Base, the amount of Advances available under Section 2.1(a) above shall be reduced by any Reserves established by Lender with respect to amounts that may be payable by any Borrower to third parties.

Revolving Loan Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make revolving loans (“Advances”) to Borrowers by way of Fixed Rate LIBOR Loans and Variable Rate LIBOR Loans Borrower in an aggregate amount at any one time outstanding not to exceed the lesser of: (i) the Maximum Revolver Amount, Amount less the Letter of Credit Usage at such time; , and (ii) the Borrowing Base at such time less the Letter of Credit Usage at such time. (b) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Advances, together with interest accrued and unpaid thereon, shall be due and payable on the Termination Date. Lender has no obligation to make an Advance at any time following the occurrence of a Default or an Event of Default. (c) If at any time the Maximum Revolver Amount is less than the amount of the Borrowing Base, the amount of Advances available under Section 2.1(a) above shall be reduced by any Reserves established by Lender with respect to amounts that may be payable by any Borrower to third parties.

Revolving Loan Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make revolving loans (“Advances”) to Borrowers by way of Fixed Rate LIBOR Loans and Variable Rate LIBOR Loans in an aggregate amount at any one time outstanding not to exceed the lesser of: (i) the Maximum Revolver Amount, Amount less the Letter of Credit Usage at such time; , and (ii) the Borrowing Base at such time less the Letter of Credit Usage at such time. (b) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Advances, together with interest accrued and unpaid thereon, shall be due and payable on the Termination Date. Lender has no obligation to make an Advance at any time following the occurrence and during the continuance of a Default or an Event of Default. (c) If at any time the Maximum Revolver Amount is less than the amount of the Borrowing Base, the amount of Advances available under Section 2.1(a) above shall be reduced by any Reserves established by Lender with respect to amounts that may be payable by any Borrower to third parties.

Revolving Loan Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make revolving loans (“Advances”) to Borrowers by way of Fixed Rate LIBOR Loans and Variable Rate LIBOR Loans in an aggregate amount at any one time outstanding not to exceed the lesser of: (i) the Maximum Revolver Amount, Amount less the Letter of Credit Usage at such time; , and (ii) the Borrowing Base at such time less the Letter of Credit Usage at such time. (b) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Advances, together with interest accrued and unpaid thereon, shall be due and payable on the Termination Date. Lender has no obligation to make an Advance at any time following the occurrence of a Default or an Event of Default. (c) If at any time the Maximum Revolver Amount is less than the amount of the Borrowing Base, the amount of Advances available under Section 2.1(a) above shall be reduced by the Ex-Im Bank Reserve and any other Reserves established by Lender with respect to amounts that may be payable by any Borrower to third parties.

Revolving Loan Advances. (a) Subject to the terms and conditions of this Agreement, and during the term of this Agreement, Lender agrees to make revolving loans (“Advances”) to Borrowers by way of Fixed Rate LIBOR Loans and Variable Rate LIBOR Loans in an aggregate amount at any one time outstanding not to exceed the lesser of: (i) the Maximum Revolver Amount, Amount less the Letter of Credit Usage at such time; , and (ii) the Borrowing Base at such time less the Letter of Credit Usage at such time. (b) Amounts borrowed pursuant to this Section 2.1 may be repaid and, subject to the terms and conditions of this Agreement, reborrowed at any time during the term of this Agreement. The outstanding principal amount of the Advances, together with interest accrued and unpaid thereon, shall be due and payable on the Termination Date. Lender has no obligation to make an Advance at any time following the occurrence of a Default or an Event of Default. (c) If at any time the Maximum Revolver Amount is less than the amount of the Borrowing Base, the amount of Advances available under Section 2.1(a) above shall be reduced by any Reserves established by Lender with respect to amounts that may be payable by any Borrower to third parties.