Common use of Limits on Advances Clause in Contracts

Limits on Advances. Notwithstanding any other terms of this Agreement, the Borrower shall not request or be entitled to receive from the Administrative Agent an Advance under the Credit Facility if, on the day notice of the Advance is given pursuant to Section 2.7(1) or after giving effect to the Advance, the US Dollar Amount of the principal amount of all Advances outstanding from any Lender would exceed the Commitment of the Lender, or if the aggregate US Dollar Amount of the principal amount of all outstanding Advances would exceed the Total Commitment.