Allocated Revolving Loan Amount means, for each item of Revolving Loan Collateral, the outstanding principal amount of the Revolving Loans allocated by the Administrative Agent, in its discretion, to the related Revolving Loan Collateral, which Allocated Revolving Loan Amount shall be set forth in the related Confirmation, as increased or reduced from time to time, pursuant to one or more additional Confirmations.
Allocated Revolving Loan Amount means, for each item of Revolving Loan Collateral, the outstanding principal amount of the Revolving Loans allocated by the Administrative Agent, in its discretion, to the related Revolving Loan Collateral, which Allocated Revolving Loan Amount shall be set forth in the related Confirmation, as increased from time to time by additional Revolving Loans or reduced from time to time by the amount of any principal payments, prepayments or reductions applied against such Revolving Loans pursuant to the terms of this Agreement or the Fee Letter.
Allocated Revolving Loan Amount means, for each item of Revolving Loan Collateral, the outstanding principal amount of the Revolving Loans allocated by the Administrative Agent, in its discretion, to the related Revolving Loan Collateral, which Allocated Revolving Loan Amount shall be set forth in the related Confirmation, as such Allocated Revolving Loan Amount may be increased (based on the funding of additional Revolving Loans) pursuant to one or more additional Confirmations or reduced (based on the application of principal payments under this Agreement) from time to time. The Administrative Agent shall maintain a schedule of all reductions in the Allocated Revolving Loan Amount for all Revolving Loan Collateral and such schedules shall be conclusive and binding absent manifest error.
Examples of Allocated Revolving Loan Amount in a sentence
To the extent any Revolving Loan Collateral is in a Collateral Default, the Borrowers shall prepay the outstanding Revolving Loans, within one (1) Business Day of such Collateral Default, in an amount equal to Allocated Revolving Loan Amount for such item of defaulted Collateral which shall be applied to such defaulted Collateral.
More Definitions of Allocated Revolving Loan Amount
Allocated Revolving Loan Amount means, for each item of Revolving Loan Collateral, the outstanding principal amount of the Revolving Loans allocated by the Administrative Agent to the related Revolving Loan Collateral, which Allocated Revolving Loan Amount shall be set forth in the related Confirmation, as such Allocated Revolving Loan Amount may be reduced (based on the application by the Administrative Agent of principal payments under this Agreement in accordance with Section 2.7) from time to time. The Administrative Agent shall maintain a schedule of all reductions in the Allocated Revolving Loan Amount for all Revolving Loan Collateral and such schedules shall be conclusive and binding absent manifest error.