Common use of Limitation on Amount of Advances Clause in Contracts

Limitation on Amount of Advances. Notwithstanding anything in this Agreement to the contrary, the aggregate principal amount of the Facility A Advances at any time outstanding to the Company hereunder shall not exceed the lesser of (i) the amount of the Borrowing Base at such time minus the aggregate outstanding amount of Facility C Advances at such time and (ii) the aggregate amount of the Facility A Commitments at such time, provided, however, that: (i) the aggregate amount of Facility A Letter of Credit Advances shall not exceed $3,000,000 at any time. Notwithstanding anything in this Agreement to the contrary, the aggregate principal amount of the Facility B Loans at any time outstanding to the Company shall not exceed the aggregate amount of the Facility B Commitments at such time provided, that any Facility B Loan repaid may not thereafter be reborrowed. Notwithstanding anything in this Agreement to the contrary, the aggregate principal amount of the Facility C Advances at any time outstanding to the Company hereunder shall not exceed the lesser of (i) the amount of the Borrowing Base at such time minus the aggregate outstanding amount of Facility A Advances at such time and (ii) the aggregate amount of the Facility C Commitments at such time