Aggregate Outstanding Revolving Credit definition

Aggregate Outstanding Revolving Credit as to any Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans made by such Lender then outstanding, (b) such Lender’s Revolving Commitment Percentage of the L/C Obligations then outstanding and (c) such Lender’s Revolving Commitment Percentage of the Swing Line Loans then outstanding.

Aggregate Outstanding Revolving Credit will mean an amount equal to the sum of the aggregate unpaid principal amount of all Revolving Credit Loans.

Aggregate Outstanding Revolving Credit at any time the sum of the Aggregate U.S. Borrower Extensions and the Aggregate Canadian Borrower Extensions, in each case as at such time.

Examples of Aggregate Outstanding Revolving Credit in a sentence

• The Borrowers may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part ratably among the Revolving Lenders in a minimum amount of $5,000,000 and in integral multiples of $1,000,000 in excess thereof, upon at least three Business Days’ written notice to the Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the Aggregate Outstanding Revolving Credit Exposure.

• No requested Revolving Credit Loan shall be made if the sum of the Aggregate Outstanding Revolving Credit Extensions of Credit (after giving effect to such requested Revolving Credit Loan) would exceed the then aggregate Revolving Credit Commitments.

• The Borrower may permanently reduce the Aggregate Revolving Loan Commitment in whole, or in part, ratably among the Lenders in the minimum amount of $5,000,000 (and in multiples of $1,000,000 in excess thereof), upon at least three (3) Business Days' written notice to the Administrative Agent, which notice shall specify the amount of any such reduction, provided, however, that the amount of the Aggregate Revolving Loan Commitment may not be reduced below the Aggregate Outstanding Revolving Credit Exposure.

• The aggregate principal amount of Bid Rate Loans outstanding at any time, shall not exceed the lesser of (i) one-half of the Aggregate Revolving Commitments and (ii) the Aggregate Revolving Commitments minus Aggregate Outstanding Revolving Credit Exposure (determined without giving effect to outstanding Bid Rate Loans).

• A Letter of Credit shall be issued, amended, renewed or extended only if (and upon issuance, amendment, renewal or extension of each Letter of Credit, the Borrower shall be deemed to represent and warrant that), after giving effect to such issuance, amendment, renewal or extension (x) the LC Exposure shall not exceed $100,000,000 and (y) the Aggregate Outstanding Revolving Credit Exposure shall not exceed the Aggregate Revolving Credit Commitment.

More Definitions of Aggregate Outstanding Revolving Credit

Aggregate Outstanding Revolving Credit means at any time (without duplication), the Dollar Equivalent of the sum of (a) the aggregate principal amount of all Revolving Loans outstanding at such time, (b) the Effective Amount of all outstanding L/C Obligations at such time, (c) the Swing Line Outstanding at such time and (d) the face amount of Bankers' Acceptances and the principal amount of BA Equivalent Loans outstanding at such time. Agreed Alternative Currency -- see subsection 2.5(f).

Aggregate Outstanding Revolving Credit as to any Revolving Credit Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Credit Loans made by such Revolving Credit Lender then outstanding and (b) such Revolving Credit Lender's Revolving Credit Commitment Percentage of the L/C Obligations then outstanding and (c) such Revolving Credit Lender's Revolving Credit Commitment Percentage of the Swing Line Loans then outstanding.

Aggregate Outstanding Revolving Credit as to any Revolving Credit Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Credit Loans made by such Revolving Credit Lender then outstanding (including, without limitation, in the case of Revolving Credit Loans then outstanding in any Designated Foreign Currency, the Dollar Equivalent of the aggregate principal amount thereof), (b) such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the L/C Obligations then outstanding and (c) such Revolving Credit Lender’s Revolving Credit Commitment Percentage of the Swing Line Loans then outstanding (including, without limitation, in the case of any Swing Line Loans, the Dollar Equivalent of the aggregate principal amount thereof).

Aggregate Outstanding Revolving Credit means as to any Revolving Facility Lender at any time an amount equal to the sum of (a) the aggregate unpaid principal Dollar Equivalent amount at such time of all Revolving Loans made by such Revolving Facility Lender, (b) such Revolving Facility Lender's Pro Rata Share of the Effective Amount of all outstanding L/C Obligations (other than Subsidiary L/C Obligations, except those of the UK Swing Line Borrowers) at such time, and (c) such Revolving Facility Lender's Pro Rata Share of the aggregate Dollar Equivalent amount of all outstanding Swing Line Loans (which for all purposes, other than any Revolving Loan made pursuant to Section 2.18, any Swing Line Loan made pursuant to Section 2.16 and any Revolving Loan to be made pursuant to Section 3.3 and except as otherwise expressly provided herein, shall include such Lender's Pro Rata Share of the Assumed Swing Line Loan Amount).

Aggregate Outstanding Revolving Credit as to any Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans made by such Lender then outstanding, (b) such Lender’s Commitment Percentage of the L/C Obligations then outstanding, (c) such Lender’s Commitment Percentage of the Swing Line Loans then outstanding and (d) such Lender’s Commitment Percentage of Agent Advances then outstanding; provided that clause (d) of this definition shall be disregarded with respect to any Agent Advance solely for purposes of calculating Excess Borrowing Base Availability and Excess Facility Availability and solely to the extent that the making of such Agent Advance would result in the occurrence of a Liquidity Event. Unless the context otherwise requires, the term “Aggregate Outstanding Revolving Credit” refers to the Aggregate Outstanding Revolving Credit of all Lenders.

Aggregate Outstanding Revolving Credit as to any Revolving Credit Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Credit Loans made by such Revolving Credit Lender then outstanding and

Aggregate Outstanding Revolving Credit as to any Lender at any time, an amount equal to the sum of (a) the aggregate principal amount of all Revolving Loans made by such Lender then outstanding (including, without limitation, in the case of Revolving Loans then outstanding in any Designated Foreign Currency, the Dollar Equivalent of the aggregate principal amount thereof), (b) such Xxxxxx’s Revolving Commitment Percentage of the L/C Obligations then outstanding and (c) such Xxxxxx’s Revolving Commitment Percentage of the Swing Line Loans then outstanding.