Total Revolving Loan Commitment Clause Samples
The Total Revolving Loan Commitment clause defines the maximum aggregate amount that lenders agree to make available to the borrower under a revolving credit facility. This clause specifies the overall credit limit, which may be drawn, repaid, and redrawn by the borrower during the term of the agreement, subject to certain conditions. By establishing a clear ceiling on the total funds accessible, it ensures both parties understand the financial boundaries of the arrangement and helps manage the lender’s risk exposure.
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Total Revolving Loan Commitment. The Effective Amount of all Revolving Loans, L/C Obligations and Swing Line Loans outstanding at any time shall not exceed the Total Revolving Loan Commitment at such time.
Total Revolving Loan Commitment. The aggregate principal amount of all Revolving Loans made by the Lenders shall not exceed $500,000 (such amount, the “Total Revolving Loan Commitment”).
Total Revolving Loan Commitment. The definition of “Total Revolving Loan Commitment” in Section 1.01 of the Existing Credit Agreement is hereby amended by replacing the phrase “at any time, Seventy Five Million Dollars ($75,000,000)” with the phrase “as of the First Amendment Effective Date, One Hundred Twenty-Five Million Dollars ($125,000,000).”