Total Revolving Commitment Sample Clauses
The Total Revolving Commitment clause defines the maximum aggregate amount that lenders are obligated to provide to the borrower under a revolving credit facility. This clause sets a cap on the total funds available for borrowing at any one time, regardless of the number of drawdowns or repayments made during the facility's term. By establishing this upper limit, the clause ensures that both parties have a clear understanding of the financial boundaries of the agreement, thereby managing risk and preventing overextension of credit.
Total Revolving Commitment. The sum of the Revolving Credit Commitments of the Revolving Credit Lenders, as in effect from time to time. As of the date of this Agreement, the Total Revolving Commitment is $200,000,000.00. The Total Revolving Commitment may increase in accordance with §2.12 or decreased in accordance with §2.5.
Total Revolving Commitment. The Credit Facility Exposure and Unused Revolving Commitments of any Defaulting Lender shall be disregarded in determining Required Lenders at any time.
Total Revolving Commitment. Interest shall accrue on the outstanding principal balance of the Revolving Note at a rate per annum equal to the lesser of (a) at Borrower's option, (i) the Applicable Base Rate in effect from day to day, or (ii) the Adjusted LIBOR Rate, or (b) the Maximum Lawful Rate, each change in the Applicable Base Rate to be effective without notice to Borrower on the effective date of each such change, PROVIDED THAT in no event shall the rate charged hereunder or under the Revolving Note exceed the Maximum Lawful Rate. Interest on the Revolving Note shall be due and payable on or before the first (1st) day of each calendar month during the Credit Period, commencing with the first (1st) day of the month immediately following the initial Advance and continuing on the first (1st) day of each successive month thereafter until maturity. Interest shall be computed based on the number of actual days elapsed assuming that each calendar year consisted of 360 days.
Total Revolving Commitment. Each request for a Revolving Credit Loan hereunder shall constitute a representation and warranty by the Borrowers that the conditions set forth in Section 11 and Section 12, in the case of the initial Revolving Credit Loans to be made on the Closing Date, and Section 12, in the case of all other Revolving Credit Loans, have been satisfied on the date of such request.
Total Revolving Commitment. 17 SECTION 2.1. COMMITMENT. . . . . . . . . . . . . . . . . . . . . . . . 17 SECTION 2.2. METHOD OF BORROWING . . . . . . . . . . . . . . . . . . . 17 SECTION 2.3. INTEREST RATE . . . . . . . . . . . . . . . . . . . . . . 18 SECTION 2.3. REVOLVING NOTE. . . . . . . . . . . . . . . . . . . . . . 21 SECTION 2.4. TERMINATION OF TOTAL REVOLVING COMMITMENT . . . . . . . . 21 SECTION 2.5. INTEREST RATE . . . . . . . . . . . . . . . . . . . . . . 21 SECTION 2.6.