Common use of RLC Commitment Clause in Contracts

RLC Commitment. Each Bank agrees, severally but not jointly, to loan to or for the benefit of Borrower, and Borrower shall be entitled to draw upon and borrow, in the manner and upon the terms and conditions contained in this Credit Agreement, an amount that shall not exceed that Bank's Pro Rata Share of the RLC Commitment.

Appears in 3 contracts

Samples: Credit Agreement (Meritage Corp), Credit Agreement (Three Five Systems Inc), Credit Agreement (Three Five Systems Inc)

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RLC Commitment. Each Bank agrees, severally but not jointly, to loan to or for the benefit of Borrower, and Borrower shall be entitled to draw upon and borrow, in the manner and upon the terms and conditions contained in this Credit Agreement, an amount that shall not exceed that Bank's Pro Rata Share of the lesser of the RLC CommitmentCommitment or the RLC Borrowing Base.

Appears in 1 contract

Samples: Credit Agreement (Hypercom Corp)

RLC Commitment. Each Bank agrees, severally but not jointly, to loan to or for the benefit of Borrower, and Borrower shall be entitled to draw upon and borrow, in the manner and upon the terms and conditions contained in this Credit Agreement, an amount that shall not exceed that Bank's Pro Rata Share of the RLC Commitment.and

Appears in 1 contract

Samples: Modification Agreement (Simula Inc)

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RLC Commitment. Each Bank agrees, severally but not jointly, to loan to or for the benefit of Borrower, and Borrower shall be entitled to draw upon and borrow, in the manner and upon the terms and conditions contained in this Senior Credit Agreement, an amount that shall not exceed that Bank's Pro Rata Share of the RLC Commitment.

Appears in 1 contract

Samples: Senior Credit Agreement (Simula Inc)

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