Borrowing Capacity. Bank shall make available to Borrowers, a secured revolving credit facility (the “Revolving Credit”) with a maximum principal amount at any one time outstanding equal to the lesser of (i) $2,000,000.00 or (ii) the Borrowing Base. The Revolving Credit shall be subject to all of the terms hereof, may be availed of by Borrowers from time to time, may be repaid by Borrowers and may be availed of by Borrowers again.
Appears in 1 contract
Sources: Loan Agreement (Electric City Corp)
Borrowing Capacity. Bank shall make available to Borrowers, a secured revolving credit facility (the “"Revolving Credit”") with a maximum principal amount at any one time outstanding equal to the lesser of (i) $2,000,000.00 or (ii) the Borrowing BaseBase (such amount, as increased or reduced from time to time pursuant to the terms hereof, the "Commitment"). The Revolving Credit shall be subject to all of the terms hereof, may be availed of by Borrowers from time to time, may be repaid by Borrowers and may be availed of by Borrowers again.
Appears in 1 contract
Sources: Loan Agreement (Electric City Corp)