Examples of RLC Balance in a sentence
There shall be due and payable from Borrower to the Banks, and Borrower shall immediately repay to the Banks three (3) days after notice to Borrower, from time to time, any amount by which the RLC Balance exceeds the RLC Commitment.
Subject to the conditions set forth herein, Lender, from time to time, shall make such RLC Advances as Borrower may request and shall issue such Letters of Credit as Borrower shall request, provided that (a) the Outstanding RLC Balance shall not exceed the lesser of (i) the Borrowing Base, or (ii) the RLC Commitment Amount, and (b) the aggregate amount of the face amount of Letters of Credit outstanding at any one time shall not exceed the Maximum Letter of Credit Balance.
There shall be due and payable from Borrower to the Banks, and Borrower shall immediately repay to the Banks, without notice or demand, from time to time, any amount by which the RLC Balance exceeds the RLC Commitment.
In the event that the RLC Borrowing Base Availability has a negative balance at the end of any month, there shall be due and payable from Borrower to the Banks, and Borrower shall immediately repay to the Banks, without notice or demand, from time to time, an amount equal to the lesser of the negative balance of the RLC Borrowing Base Availability or the RLC Balance.
A summary aging of the Company's and the Operating Subsidiaries accounts and contracts receivable as of the last day of that month, together with an explanation of any adjustments made at the end of that month, all in a form acceptable to Lender within thirty (30) days after the end of each month; provided however that such aging report shall not be required should the Outstanding RLC Balance as of the last day of the month be zero.
Subject to the provisions of Section 2.1 hereof, the aggregate outstanding principal amount of all Swing Line Loans (the "Swing Line Balance") will not exceed the lesser of (i) $5,000,000.00 (the "Swing Line Commitment") or (ii) together with the RLC Balance and the Letter of Credit Balance, the Maximum RLC Commitment.
There shall be due and payable from Borrower to the Banks, and Borrower shall immediately repay to the Banks, without notice or demand, from time to time, any amount by which the RLC Balance exceeds the lesser of the RLC Borrowing Base or the RLC Commitment.
Subject to the conditions set forth herein, Lender, from time to time, shall make such RLC Advances as Borrower may request and shall issue such Letters of Credit as Borrower may request, provided that (a) the Outstanding RLC Balance shall not exceed the RLC Commitment Amount, and (b) the aggregate amount of the face amount of Letters of Credit outstanding at any one time shall not exceed the Maximum Letter of Credit Balance.
There shall be due and payable from Borrower to the Banks, and Borrower shall immediately repay to the Banks, without notice or demand, from time to time, any amount by which the RLC Balance exceeds the lesser of the RLC Commitment or the RLC Borrowing Base.
There shall be due and payable from Borrower to Lender, and Borrower shall immediately repay to Lender, without notice or demand, from time to time, any amount by which the Outstanding RLC Balance exceeds the Borrowing Base.