Common use of Revolving Loan Availability Clause in Contracts

Revolving Loan Availability. No Borrowing of Revolving Loans shall be made if, after giving effect thereto the aggregate outstanding principal amount of all the Revolving Loans (x) of all the Revolving Lenders would exceed the Revolving Loan Commitment Amount or (y) of any Revolving Lender would exceed such Revolving Lender’s Percentage of the Revolving Loan Commitment Amount.

Appears in 1 contract

Sources: Credit Agreement (Wells Timberland REIT, Inc.)

Revolving Loan Availability. No Borrowing of Revolving Loans shall be made if, after giving effect thereto the aggregate outstanding principal amount of all the Revolving Loans (x) of all the Revolving Lenders would exceed the Revolving Loan Commitment Amount or (y) of any Revolving Lender would exceed such Revolving Lender’s 's Percentage of the Revolving Loan Commitment Amount.

Appears in 1 contract

Sources: Credit Agreement (Wells Timberland REIT, Inc.)