Common use of Aggregate Amount Clause in Contracts

Aggregate Amount. Subject to the limitations in Section 3.1.3 and subject to each of the other terms herein, each Lender agrees to make available to Reseller, from the Effective Date to the Termination Date, such Lender’s Pro-Rata Share of Revolving Loan Advances not to exceed, in the aggregate, the Revolving Loan Maximum Available Amount. Subject to the limitations in Section 3.1.3 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be reborrowed through Revolving Loan Advances. Each Lender’s Revolving Loan Facility is its Pro-Rata Share of the Aggregate Revolving Loan Facility. Upon any reduction of the Aggregate Revolving Loan Facility Limit pursuant to this Agreement, each Lender’s Revolving Loan Facility will automatically reduce by such Lender’s Pro-Rata Share of such reduction of the Aggregate Revolving Loan Facility Limit.

Appears in 2 contracts

Sources: Credit Agreement (Gtsi Corp), Credit Agreement (Gtsi Corp)

Aggregate Amount. Subject to the limitations in Section 3.1.3 and subject to each of the other terms herein, each Lender agrees to make available to Reseller, from the Effective Date to the Termination Date, such Lender’s Pro-Rata Share (as listed on Exhibit 3 hereto) of Revolving Loan Advances not to exceed, in the aggregate, the Revolving Loan Maximum Available Amount. Subject to the limitations in Section 3.1.3 and elsewhere herein, payments and prepayments that are applied to reduce the Aggregate Revolving Loan may be reborrowed through Revolving Loan Advances. Each Lender’s Revolving Loan Facility is its Pro-Rata Share (as listed on Exhibit 3 hereto) of the Aggregate Revolving Loan Facility. Upon any reduction of the Aggregate Revolving Loan Facility Limit pursuant to this Agreement, each Lender’s Revolving Loan Facility will automatically reduce by such Lender’s Pro-Rata Share of such reduction of the Aggregate Revolving Loan Facility Limit.

Appears in 1 contract

Sources: Credit Agreement (Gtsi Corp)