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 (Fix Corp International Inc), Loan and Security Agreement (Fix Corp International Inc), Loan and Security Agreement (First Wave Marine 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(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 3 contracts

Samples: Loan and Security Agreement (Thomas Equipment, Inc.), Loan and Security Agreement (Obsidian Enterprises Inc), Loan and Security Agreement (Sparta Surgical 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, 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 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)

REVOLVING LOANS AND CREDIT ACCOMMODATIONS. From time to time during the Term at each Borrower's request, make revolving loans to such Borrower ("REVOLVING LOANSRevolving Loans"), and make letters of credit, bankers acceptances and other credit accommodations ("CREDIT ACCOMMODATIONSCredit Accommodations") available to such Borrower, in each case to the extent that there is sufficient Availability for such Borrower at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit AccommodationAccommodation of such Borrower; PROVIDEDprovided, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING excluding the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, Loans and including 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 for Revolving Loans set forth in Section 1 of Schedule A will be exceeded. For this purpose, "AVAILABILITYAvailability" means, with respect to each Borrower:

Appears in 1 contract

Samples: Loan and Security Agreement (Titan Global Holdings, 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 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 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 for Borrower at the time of such request to cover, dollar for dollar, the requested Revolving Loan or Credit AccommodationAccommodation of Borrower; PROVIDEDprovided, that after giving effect to such Revolving Loan or Credit Accommodation, (x) the outstanding balance of all monetary Obligations (INCLUDING excluding the principal balance of any Term Loan and, solely for the purpose of determining compliance with this provision, Loans and including 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 for Revolving Loans set forth in Section 1 of Schedule A will be exceeded. For this purpose, "AVAILABILITYAvailability" means, with respect to Borrower:

Appears in 1 contract

Samples: Loan and Security Agreement (Titan Global Holdings, 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 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 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 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 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)

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