Commitment to Make Advances. Lender agrees, subject to the terms and conditions set forth herein, to make Advances to Purchaser (each of which shall be evidenced by the Note) from time to time on a Settlement Date and before the Purchase Termination Date, so long as no Default or Event of Default shall be in existence on such Settlement Date; provided that, immediately after each such Advance is made, the Aggregate Advances will not exceed the Borrowing Base. Lender shall have no obligation to make any Advance in an amount less than the lesser of (a) $500,000.00 and (b) the Unused Commitment.
Appears in 3 contracts
Sources: Credit and Security Agreement (Skyworks Solutions Inc), Credit and Security Agreement (Buckeye Technologies Inc), Credit and Security Agreement (Conexant Systems Inc)