AMOUNT AND TERMS OF THE LINE OF CREDIT Sample Clauses

AMOUNT AND TERMS OF THE LINE OF CREDIT. 2.1 Line of Credit; Limitations on Borrowings; Termination Date; Use of Proceeds. (a) Line of Credit and Limitations on Borrowing. Subject to the terms and conditions set forth in this Agreement, Lender shall make Advances under the Line of Credit from time to time through the Termination Date in an aggregate amount not to exceed at any time the lesser of (i) the Maximum Line of Credit, and (ii) the Borrowing Base. Borrowers may periodically borrow, repay in whole or in part, and reborrow under the Line of Credit as provided in this Agreement; provided, however, that amounts repaid by Borrowers on account of the FILO Advance may not be reborrowed by Borrowers. Lender has no obligation to make any Advance (x) at any time that a Default or Event of Default has occurred and is continuing, or (y) if an Overadvance has or would occur after giving effect to the requested Advance.

AMOUNT AND TERMS OF THE LINE OF CREDIT