Common use of REVOLVING LOANS AND CREDIT ACCOMMODATIONS Clause in Contracts

REVOLVING LOANS AND CREDIT ACCOMMODATIONS. From time to time during the Term at Borrower's request, make revolving loans to Borrower ("REVOLVING LOANS"), and make letters of credit, bankers acceptances and other credit accommodations ("CREDIT ACCOMMODATIONS") available to Borrower, in each case to the extent that there is sufficient Availability at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit Accommodation; PROVIDED, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, the Credit Accommodation Balance) will not exceed the Maximum Facility Amount set forth in Section 1(a) of Schedule A and (y) none of the other Loan Limits set forth in Section 1 of Schedule A will be exceeded. For this purpose, "AVAILABILITY" means:

Appears in 11 contracts

Samples: Loan and Security Agreement (First Wave Marine Inc), Loan and Security Agreement (National Home Centers Inc), Loan and Security Agreement (Intellicell Corp)

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REVOLVING LOANS AND CREDIT ACCOMMODATIONS. From time to time during the Term at Borrower's request, make revolving loans to Borrower ("REVOLVING LOANSRevolving Loans"), and make letters of credit, bankers acceptances and other credit accommodations ("CREDIT ACCOMMODATIONSCredit Accommodations") available to Borrower, in each case to the extent that there is sufficient Availability at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit Accommodation; PROVIDEDprovided, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING including the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, the Credit Accommodation Balance) will not exceed the Maximum Facility Amount set forth in Section 1(a) of Schedule A and (y) none of the other Loan Limits set forth in Section 1 of Schedule A will be exceeded. For this purpose, "AVAILABILITYAvailability" means:

Appears in 2 contracts

Samples: Loan and Security Agreement (Sparta Surgical Corp), Loan and Security Agreement (Obsidian Enterprises Inc)

REVOLVING LOANS AND CREDIT ACCOMMODATIONS. From time to time during the Term at Borrower's request, make revolving loans to Borrower ("REVOLVING LOANSRevolving Loans"), and make letters of credit, bankers acceptances and other credit accommodations ("CREDIT ACCOMMODATIONSCredit Accommodations") available to Borrower, in each case to the extent that there is sufficient Availability at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit Accommodation; PROVIDEDprovided, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING including the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, the Credit Accommodation Balance) will not exceed the Maximum Aero Facility Amount set forth in Section 1(a) 1 of Schedule A and (y) none of the other Loan Limits set forth in Section 1 of Schedule A will be exceeded. For this purpose, "AVAILABILITYAvailability" means:

Appears in 1 contract

Samples: Loan Agreement (Fields Aircraft Spares Inc)

REVOLVING LOANS AND CREDIT ACCOMMODATIONS. From time to time during the Term at Borrower's request, make revolving loans to Borrower ("REVOLVING LOANSRevolving Loans"), and make letters of credit, bankers acceptances and other credit accommodations ("CREDIT ACCOMMODATIONSCredit Accommodations") available to Borrower, Borrower in each case to the extent that there is sufficient Availability at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit Accommodation; PROVIDEDprovided, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING including the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, the Credit Accommodation Balance) will not exceed the Maximum Facility Amount set forth in Section 1(aI (a) of Schedule A and (y) none of the other Loan Limits set forth in Section 1 I of Schedule A will be exceeded. For this purpose, "AVAILABILITYAvailability" means:

Appears in 1 contract

Samples: Loan and Security Agreement (Coffee Holding Co Inc)

REVOLVING LOANS AND CREDIT ACCOMMODATIONS. From time to time during the Term at Borrower's request, make revolving loans to Borrower ("REVOLVING LOANSRevolving Loans"), and make letters of credit, bankers acceptances and other credit accommodations ("CREDIT ACCOMMODATIONSCredit Accommodations") available to Borrower, Borrower in each case to the extent that there is sufficient Availability at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit Accommodation; PROVIDEDprovided, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING including the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, the Credit Accommodation Balance) will not exceed the Maximum Facility Amount set forth in Section 1(a) of Schedule A and (y) none of the other Loan Limits set forth in Section 1 of Schedule A will be exceeded. For this purpose, "AVAILABILITYAvailability" means:

Appears in 1 contract

Samples: Loan and Security Agreement (Transpacific International Group Corp)

REVOLVING LOANS AND CREDIT ACCOMMODATIONS. From time to time during the Term at Borrower's request, make revolving loans to Borrower ("REVOLVING LOANS"), (PROVIDED HOWEVER, Lender shall not make such revolving loans nor the Trademark Term Loan Advance, as set forth in Section 1 (h) of Schedule A, in excess of $5,000,000 in the aggregate until Borrower has first used all of its cash on hand) and make letters of credit, bankers acceptances and other credit accommodations ("CREDIT ACCOMMODATIONS") available to Borrower, in each case to the extent that there is sufficient Availability at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit Accommodation; PROVIDEDPROVIDED FURTHER, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, the Credit Accommodation Balance) will not exceed the Maximum Facility Amount set forth in Section 1(a) of Schedule A and (y) none of the other Loan Limits set forth in Section 1 of Schedule A will be exceeded. For this purpose, "AVAILABILITY" means:

Appears in 1 contract

Samples: Loan and Security Agreement (Gardenburger Inc)

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REVOLVING LOANS AND CREDIT ACCOMMODATIONS. From time to time during the Term at Borrower's request, make revolving loans to Borrower ("REVOLVING LOANSRevolving Loans"), and make letters of credit, bankers acceptances and other credit accommodations ("CREDIT ACCOMMODATIONSCredit Accommodations") available to Borrower, in each case to the extent that there is sufficient Availability at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit Accommodation; PROVIDEDprovided, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING including the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, the Credit Accommodation Balance) will not exceed the Maximum Facility Amount set forth in Section 1(al(a) of Schedule A and (y) none of the other Loan Limits set forth in Section 1 of Schedule A will be exceeded. For this purpose, "AVAILABILITYAvailability" means:

Appears in 1 contract

Samples: Loan and Security Agreement (Enherent Corp)

REVOLVING LOANS AND CREDIT ACCOMMODATIONS. From time to time during the Term at Borrower's request, make revolving loans to Borrower ("REVOLVING LOANSRevolving Loans"), and make letters of credit, bankers acceptances and other credit accommodations ("CREDIT ACCOMMODATIONSCredit Accommodations") available to Borrower, in each case to the extent that there is sufficient Availability at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit Accommodation; PROVIDEDprovided, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING including the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, the Credit Accommodation Balance) will not exceed the Maximum Flightways Facility Amount set forth in Section 1(a) 1 of Schedule A and (y) none of the other Loan Limits set forth in Section 1 of Schedule A will be exceeded. For this purpose, "AVAILABILITYAvailability" means:

Appears in 1 contract

Samples: Loan and Security Agreement (Fields Aircraft Spares Inc)

REVOLVING LOANS AND CREDIT ACCOMMODATIONS. From time to time during the Term at Borrower's request, make revolving loans to Borrower ("REVOLVING LOANS"), and make letters of credit, bankers acceptances and other credit accommodations ("CREDIT ACCOMMODATIONS") available to Borrower, in each case to the extent that there is sufficient Availability based upon assets of Borrower at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit Accommodation; PROVIDED, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, the Credit Accommodation Balance) will not exceed the Maximum Facility Amount set forth in Section 1(a) of Schedule A and (y) none of the other Loan Limits set forth in Section 1 of Schedule A will be exceeded. For this purpose, "AVAILABILITY" means:

Appears in 1 contract

Samples: Loan and Security Agreement (Hayes Corp)

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