The Applicable Margin in respect of each of Advance A, Tranche A and Advance B, Tranche A shall decrease from 3.40 per cent.
Maximum Revolving Advance Amount means $25,000,000.
Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.
Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).
Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.
Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.
Tranche B Loan has the meaning specified in Section 2.01(b).
Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).
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.
Tranche A Advance has the meaning specified in Section 2.01(a).
Tranche A Borrowing Base means, at any time of calculation, an amount equal to:
Tranche A Loan shall have the meaning set forth in Section 2.01(a).
Tranche B Facility means the aggregate of the Tranche B Commitments.
Tranche A has the meaning assigned in Section 2.1(c)(i).
Tranche B Term Loan Percentage as to any Lender at any time, the percentage which such Lender's Tranche B Term Loan Commitment then constitutes of the aggregate Tranche B Term Loan Commitments (or, at any time after the Closing Date, the percentage which the aggregate principal amount of such Lender's Tranche B Term Loans then outstanding constitutes of the aggregate principal amount of the Tranche B Term Loans then outstanding).
Maximum Advance Amount shall not exceed Five Hundred Thousand Dollars ($500,000) or two hundred (200%) percent of the average daily volume based on the trailing ten (10) days preceding the Drawdown Notice date whichever is of a larger value.
Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.
Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.
Incremental Revolving Loan has the meaning set forth in Section 2.14(b).
Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).
Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).
Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).
Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.
Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility
Incremental Loan Commitment shall have the meaning ascribed to such term in Section 2.22(a).
Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.
Tranche A Facility means the aggregate of the Tranche A Commitments.