Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 3 contracts
Sources: Revolving Credit, Capex Loan and Security Agreement (Geokinetics Inc), Revolving Credit, Term Loan and Security Agreement (Geokinetics Inc), Revolving Credit and Security Agreement (Geokinetics Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or and (b) the Formula Amount, Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 3 contracts
Sources: Revolving Credit and Security Agreement (Research Pharmaceutical Services, Inc.), Revolving Credit and Security Agreement (Research Pharmaceutical Services, Inc.), Revolving Credit and Security Agreement (Research Pharmaceutical Services, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 3 contracts
Sources: Revolving Credit and Security Agreement (Horsehead Holding Corp), Revolving Credit and Security Agreement (Horsehead Holding Corp), Revolving Credit and Security Agreement (Dreams Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less outstanding Letters of Credit or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and less outstanding Letters of Credit.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Trescom International Inc), Revolving Credit and Security Agreement (Radnor Holdings Corp)
Maximum Advances. The Except as provided in Section 2.7, the aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Boot Barn Holdings, Inc.), Revolving Credit and Security Agreement (Boot Barn Holdings, Inc.)
Maximum Advances. The aggregate balance of outstanding Revolving Advances and the Dollar Equivalent amount of Letters of Credit outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Allegheny Technologies Inc), Revolving Credit and Security Agreement (Allegheny Technologies Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) less the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit less the Availability Block or (b) the Formula Amount.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Aventine Renewable Energy Holdings Inc), Revolving Credit and Security Agreement (Aventine Renewable Energy Holdings Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate amount of drawings outstanding and additional amounts available under Letters of Credit or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 2 contracts
Sources: Credit and Security Agreement (Pc Connection Inc), Credit and Security Agreement (Pc Connection Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Loan Amount or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Input Output Inc), Revolving Credit and Security Agreement (Radnor Holdings Corp)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the Maximum Undrawn Amount of all outstanding Letters of Credit or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 2 contracts
Sources: Revolving Credit and Security Agreement (Akrion, Inc.), Revolving Credit and Security Agreement (Akrion, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Loan Amount, less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit, less the Minimum Availability Reserve or (b) the Formula Amount.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Green Plains Renewable Energy, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount Amount, less the aggregate amount of outstanding Letters of Credit and Acceptances or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and less outstanding Letters of CreditCredit and Acceptances.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Graham Field Health Products Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) less the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Crocs, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit. The aggregate balance of Advances outstanding at any time shall not exceed the Maximum Loan Amount.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Flotek Industries Inc/Cn/)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, less, in each case, less the aggregate Maximum Undrawn Amount amount of all issued drawings outstanding and outstanding additional amounts available under Letters of Credit.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount Amount, less outstanding Letters of Credit or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and less outstanding Letters of Credit.
Appears in 1 contract
Sources: Revolving Credit, Term Loan and Security Agreement (Batteries Batteries Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate Maximum Undrawn Amount of outstanding Letters of Credit or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Maxum Petroleum Holdings, Inc.)
Maximum Advances. The Subject to Section 15.2, the aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Intcomex, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Loan Amount or (b) less the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit or (b) the Formula Amount.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Green Plains Renewable Energy, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, less, in each case, less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit less Reserves or (b) the Formula Amount.
Appears in 1 contract
Sources: Revolving Credit, Term Loan and Security Agreement (Quality Gold Holdings, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances ---------------- outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less the aggregate undrawn amount of outstanding Letters of Credit or (b) the Formula Amount, less, in each case, Amount less the aggregate Maximum Undrawn Amount undrawn amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Air Methods Corp)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount less outstanding Letters of Credit or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and less outstanding Letters of Credit.
Appears in 1 contract
Sources: Revolving Credit, Term Loan and Security Agreement (Danskin Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount minus the amount of reserves, if any, established in accordance with Section 2.1(a)(y)(iii) or (b) the Formula Amount, Amount less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Sources: Revolving Credit, Term Loan and Security Agreement (NYTEX Energy Holdings, Inc.)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, less, in each case, case less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit less the aggregate outstanding Revolving Advances made to Brightstar PR.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Brightstar Corp.)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of the (a) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (b) the Formula Amount, less, in each case, Amount less the aggregate Maximum Undrawn Amount amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Sources: Revolving Credit and Term Loan Agreement (HMG Worldwide Corp)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Loan Amount or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and plus outstanding Letters of CreditCredit and Acceptances.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Candies Inc)
Maximum Advances. The aggregate balance of Advances, including the Revolving Advances and the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit, outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or Amount, (b) the Formula AmountAmount or (c) at any time during the Clean-Down Period designated in accordance with Section 2.21(b) hereof, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit$5,000,000.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Image Entertainment Inc)
Maximum Advances. The aggregate balance of Revolving Advances outstanding plus the face amount of all outstanding Letters of Credit at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser least of (a) the Maximum Revolving Advance Amount or (b) less the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit, (b) 85% of Cash Collections, or (c) the Formula Amount.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Amrep Corp.)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount, less, less in each case, case the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Emtec Inc/Nj)
Maximum Advances. The aggregate balance of Revolving Advances outstanding at any time shall not exceed the lesser of (a) the Maximum Revolving Advance Amount or (b) less the Formula Amount, less, in each case, the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of CreditCredit less the Availability Reserve or (b) the Formula Amount.
Appears in 1 contract
Sources: Revolving Credit and Security Agreement (Gaiam, Inc)