Revolving Credit Limit. After making the Credit Extensions requested on such Credit Date, the Total Utilization of Revolving Credit Commitments will not exceed the Revolving Credit Limit then in effect;
Revolving Credit Limit. The Borrowers shall from time to time prepay first, the Swing Line Loans, and second, the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Credit Commitments shall not at any time exceed the Revolving Credit Limit then in effect (other than to the extent such excess is due to currency fluctuations, which shall be governed by Section 2.28).
Revolving Credit Limit. The reference to “NINETEEN MILLION AND 00/100 DOLLARS ($19,000,000.00)” contained in clause (a) of Section 2.1 of the Loan Agreement is hereby deleted in its entirety and replaced with “TWENTY ONE MILLION AND 00/100 DOLLARS ($21,000,000.00)”.
Revolving Credit Limit. On the terms and subject to the conditions set forth herein, the Lender agrees that it shall from time to time to but not including the earlier to occur of the Conversion Date and the Maturity Date (as such terms and capitalized terms not otherwise defined herein are defined in Paragraph 11 below) make loans (the "Revolving Loans" or a "Revolving Loan") to the Company in an amount not to exceed, in the aggregate at any one time outstanding, the lesser of:
Revolving Credit Limit. (i) The Revolving Credit Limit shall be adjusted as at the date of each receipt by the Administrative Agent of a Borrowing Base Certificate and shall remain in effect until receipt by the Administrative Agent of a subsequent Borrowing Base Certificate; provided that if the Administrative Agent does not receive a Borrowing Base Certificate on or before the date required pursuant to Section 8.3(e), the Revolving Credit Limit shall be reduced to the lowest Revolving Credit Limit in the preceding twelve (12) months or such lower amount estimated by the Administrative Agent to be the Revolving Credit Limit determined in accordance with the Borrowing Base formula, until such time as a Borrowing Base Certificate is thereafter received by the Administrative Agent.
Revolving Credit Limit. The aggregate of all Revolving Loan Commitments from time to time under this Agreement, as may be reduced from time to time pursuant to this definition and the other terms of this Credit Agreement. As of the date hereof, the Revolving Credit Limit equals $245,000,000; which amount consists of the aggregate of $220,000,000 of principal outstanding under the Termed Out Revolver, and $25,000,000, which is the maximum amount permitted to be borrowed under the Revolving Portion (all of which has been borrowed as of the date hereof). At all times the Revolving Credit Limit shall equal the sum of the remaining unpaid principal of the Termed out Revolver and the maximum amount permitted to be borrowed under the Revolving Portion; so that as the outstanding principal of the Termed Out Revolver is repaid, and the maximum amount permitted to be borrowed under the Revolving Portion is reduced, the Revolving Credit Limit shall be automatically reduced Dollar for Dollar. In the event that the outstanding principal balance of the Termed Out Revolver exceeds $190,000,000 on June 30, 2010, the Borrowers shall pay down such principal so that the remaining outstanding principal balance of the Termed Out Revolver shall equal $190,000,000 on June 30, 2010, and the Revolving Credit Limit shall be reduced as of June 30, 2010 to equal the aggregate sum of $190,000,000 plus the maximum amount then permitted to be borrowed under the Revolving Portion. In addition, in the event that any Existing Letter of Credit is terminated or expires, or the amount available to be drawn under any Existing Letter of Credit is reduced, the outstanding principal balance of the Termed Out Revolver and the Revolving Credit Limit shall be reduced dollar for dollar. Promptly in the event of any reduction in the Revolving Credit Limit, the Administrative Agent will provide written notice to the Borrowers, the Guarantors and the Lenders of the decrease in the Revolving Credit Limit and the Total Credit Amount then occurring. From time to time as the Administrative Agent provides notice of any such decrease, the Administrative Agent will also provide a revised Schedule 2 pursuant to Section 17.3 reflecting the updated Revolving Loan Commitments and the then applicable Revolving Credit Limit.
Revolving Credit Limit. The reference to “TWENTY SEVEN MILLION AND 00/100 DOLLARS ($27,000,000.00)” contained in clause (a) of Section 2.1 of the Loan Agreement is hereby deleted in its entirety and replaced with “SIXTY MILLION AND 00/100 DOLLARS ($60,000,000.00)”. The reference to “the sum of (i) the Borrowing Base, plus (ii) the Purchased Inventory Sublimit Cap” contained in clause (b) of Section 2.1 of the Loan Agreement is hereby deleted in its entirety and replaced with “the Borrowing Base”.
Revolving Credit Limit. On the terms and subject to the conditions set forth herein, the Lender agrees that it shall from time to time to but not including the Maturity Date (as such term and capitalized terms not otherwise
Revolving Credit Limit. For purposes of this Agreement, the Revolving Credit Limit shall be Two Million Three Hundred Thousand Dollars ($2,300,000).
Revolving Credit Limit. The Borrower hereby acknowledges and agrees that the Revolving Credit Limit under the Revolving Credit Note is Four Million and No/100 Dollars ($4,000,000).
