Common use of Lending Formula Clause in Contracts

Lending Formula. Subject to and upon the terms and conditions contained herein, Lender agrees to make Revolving Loans (pursuant to this Section 2.1) and issue Letters of Credit (pursuant to Section 2.2 hereof) under a line of credit (the "Line of Credit") from time to time in amounts requested by Borrower up to an aggregate outstanding principal amount equal to the lesser of: (i) the Maximum Amount; or (ii) the Borrowing Base.

Lending Formula. Subject to and upon the terms and conditions contained herein, Lender agrees to make Revolving Loans (pursuant to this Section 2.1) 2.1 hereof), Term Loans (pursuant to Section 2.2 hereof), and issue Letters of Credit (pursuant to Section 2.2 2.3 hereof) under a line of credit (the "Line of Credit") from time to time in amounts requested by Borrower up to an aggregate outstanding principal amount equal to the lesser of: of (i1) the Maximum Amount, less the aggregate amount of Term Loans then outstanding; or (ii) the Borrowing Base.or