Maximum Revolving Loan Amount definition

Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

Maximum Revolving Loan Amount has the meaning assigned to that term in subsection 2.1(B).

Maximum Revolving Loan Amount means, at any time of determination, the lesser of (a) the Aggregate Revolving Commitments, or (b) the Borrowing Base; provided that, until the Final Order Entry Date, the Maximum Revolving Loan Amount shall not exceed $32,300,000.

Examples of Maximum Revolving Loan Amount in a sentence

• The Revolving Loan shall be evidenced by and payable in accordance with the terms of a renewal promissory note in the face amount of the Maximum Revolving Loan Amount dated as of August 23, 2005, from the Borrower to the order of Lender (as amended, modified, supplemented, restated or renewed from time to time, the "Revolving Note") and shall be repayable in accordance with the terms of the Revolving Note and this Agreement.

• As provided in the Revolving Note, Borrower may borrow, pay, reborrow and repay under the terms of the Revolving Note and pursuant to this Section 4 (provided that at no time shall the balance outstanding exceed the Maximum Revolving Loan Amount).

• In the event any amount is drawn under such letters of credit, the Maximum Revolving Loan Amount shall be reduced by the amount so drawn at any given time”.

More Definitions of Maximum Revolving Loan Amount

Maximum Revolving Loan Amount means at any time the aggregate amount of the Revolving Loan Commitments held by all Lenders at such time.

Maximum Revolving Loan Amount means Ten Million and No/100 Dollars ($10,000,000).

Maximum Revolving Loan Amount contained in Section 1.1 of the Loan Agreement is hereby amended and restated to read in its entirety as follows:

Maximum Revolving Loan Amount means $75,000,000.

Maximum Revolving Loan Amount means $100,000,000.

Maximum Revolving Loan Amount means the Maximum Facility, plus the Supplemental Amount (upon compliance with Section 2.11 hereof), less the outstanding principal balance of the Term Loans.

Maximum Revolving Loan Amount means $50,000,000.