Available Revolving Committed Amount definition

Available Revolving Committed Amount means Twenty Five Million Dollars ($25,000,000), as such amount may be reduced pursuant to Section 3.4. Notwithstanding any provision herein to the contrary, commencing on the Availability Trigger Date, the Available Revolving Committed Amount shall no longer be in effect and all references to the Available Revolving Committed Amount contained herein shall be deleted in their entirety.
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Available Revolving Committed Amount means (a) prior to the delivery of the Audited Financial Statements in accordance with Section 7.01(a)(i), the lesser of (i) $50,000,000 and (ii) the amount of the Aggregate Revolving Commitments and (b) following the delivery of the Audited Financial Statements, the amount of the Aggregate Revolving Commitments.
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Available Revolving Committed Amount means Twenty Five Million Dollars ($25,000,000), as such amount may be reduced pursuant to Section
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Examples of Available Revolving Committed Amount in a sentence

  • Prior to the delivery of the Audited Financial Statements in accordance with Section 7.01(a)(i), permit the aggregate value of unrestricted cash, Cash Equivalents and availability under the Available Revolving Committed Amount (“Liquidity”) to be less than $15,000,000.

  • If at any time (A) the Revolving Obligations then outstanding shall exceed the lesser of (I) the Revolving Committed Amount, (II) the Available Revolving Committed Amount and (III) the Borrowing Base or (B) the aggregate amount of LOC Obligations outstanding shall exceed the LOC Committed Amount, the Borrower shall immediately make payment on the Loans and/or to a cash collateral account in respect of the LOC Obligations, in an amount sufficient to eliminate such excess.

  • If the Revolving Committed Amount is reduced below the Available Revolving Committed Amount pursuant to Section 3.4(a) or (b), the Available Revolving Committed Amount shall immediately be reduced in an amount necessary to eliminate such excess.

  • The Aggregate Revolving Committed Amount and the Available Revolving Committed Amount automatically shall be permanently reduced by the amount of any prepayment on the Revolving Obligations pursuant to Section 3.3(c)(ii)(A).

  • On any date that the Revolving Loans are required to be prepaid pursuant to the terms of Section 2.8(b) (i) - (v), the Available Revolving Committed Amount shall be automatically permanently reduced by the amount of such required prepayment and/or reduction.

  • In consideration of the Revolving Commitment, Borrower agrees to pay to Administrative Agent, for the ratable benefit of the Revolving Lenders, a commitment fee (the "Commitment Fee") in an amount equal to the Applicable Percentage per annum on the average daily unused amount of the Available Revolving Committed Amount available at such time.

  • Borrower shall from time to time prepay first the Swingline Loans, and second the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Commitments shall not at any time exceed the Available Revolving Committed Amount.

  • The Amendments adjusted the Company's availability under the revolving credit portion of the Credit Facility to $125,000,000 under which has been established an "Available Revolving Committed Amount" of $100,000,000 that remains in effect until the Company has (i) met two consecutive quarters of specified leverage ratios or (ii) an increase is approved by 100% of the revolving credit lenders and two thirds of the Term Loan lenders.

  • Immediately after giving effect to the making of any such Extension of Credit (and the application of the proceeds thereof), (i) the sum of outstanding Revolving Loans plus outstanding Swingline Loans plus LOC Obligations shall not exceed the Available Revolving Committed Amount, (ii) the LOC Obligations shall not exceed the LOC Committed Amount and (iii) the Swingline Loans shall not exceed the Swingline Committed Amount.

  • For purposes of computation of the Commitment Fee, LOC Obligations shall be considered usage but Swingline Loans shall not be considered usage of the Available Revolving Committed Amount.


More Definitions of Available Revolving Committed Amount

Available Revolving Committed Amount is deleted from Section 1.1.
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Available Revolving Committed Amount means at any time from and after the Fourth Amendment Effective Date to (but excluding) December 31, 2002, ONE HUNDRED THIRTY-FIVE MILLION DOLLARS ($135,000,000) (less the aggregate amount of any reductions in the Available Revolving Committed Amount from and after the Fourth Amendment Date pursuant to Section 3.4(b)), provided, however, that at any time after the Fourth Amendment if as -------- ------- of the last day of the immediately preceding fiscal quarter (the "Increased Availability Quarter") both (i) the Consolidated Leverage ------------------------------- Ratio is not greater than 2.50:1.00 and (ii) the Consolidated Fixed Charge Coverage Ratio is not less than 2.00:1.00, in each case as demonstrated in the officer's certificate delivered by the Borrower to the Administrative Agent and the Lender pursuant to Section 7.2(a) for such fiscal quarter, then the Borrower shall have the right (but not the obligation) so long as no Default or Event of Default then exists, upon two (2) Business Days advance written notice to the Administrative Agent, to increase the "Available Revolving Committed Amount" to ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000) (less the aggregate amount of any reductions in the Available Revolving Committed Amount from and after the Fourth Amendment Date pursuant to Section 3.4(b)) (the "Increased Availability Option"), ----------------------------- provided that if the Borrower elects the Increased Availability Option -------- as provided above, then Section 7.9(a) and Section 7.9(b) shall immediately and automatically be adjusted as provided in such sections.
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Available Revolving Committed Amount shall have the meaning provided in Section 2.1(a).
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Available Revolving Committed Amount is amended by (A) replacing the “$100,000,000” in clause (y) of the first sentence of such definition with “$60,000,000“and (B) replacing the “$100,000,000” appearing in the second sentence of such definition with “$60,000,000”.
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Available Revolving Committed Amount means (x) with respect to the period from March 1 to October 1 of each year, $50,000,000 and (y) at all other times, $100,000,000. Any reduction to the Available Revolving Committed Amount will reduce both the $50,000,000 and the $100,000,000 amounts referenced in this definition.
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Related to Available Revolving Committed Amount

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Aggregate Revolving Commitment means the sum of the Revolving Commitments of all the Revolving Lenders.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The initial amount of the Aggregate Revolving Commitments in effect on the Closing Date is $350,000,000.

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • 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).

  • Revolving Commitment Amount means $125,000,000, as reduced from time to time pursuant to Section 6.1.

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving 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(c).

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Designated Revolving Commitments means the amount or amounts of any commitments to make loans or extend credit on a revolving basis to the Company or any of its Restricted Subsidiaries by any Person other than the Company or any of its Restricted Subsidiaries that has or have been designated (but only to the extent so designated) in an Officers’ Certificate delivered to the Trustee as “Designated Revolving Commitments” until such time as the Company subsequently delivers an Officers’ Certificate to the Trustee to the effect that the amount or amounts of such commitments shall no longer constitute “Designated Revolving Commitments.”

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Total Revolving Commitment means, at any time, the sum of the Revolving Commitments at such time.

  • LOC Committed Amount shall have the meaning set forth in Section 2.3(a).

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Committed Amount shall have the meaning assigned thereto in the Pricing Side Letter.