First Revolving Loan definition

First Revolving Loan the meaning specified in Section 1.1(a).
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Examples of First Revolving Loan in a sentence

  • Borrower will duly and punctually pay all principal, interest, charges and other items included in the First Revolving Loan or the Second Revolving Loan which is owing by it in accordance with the provisions hereof and of the other Documents.

  • Advances under the First Revolving Loan shall be made in minimum amounts of One Hundred Thousand Dollars ($100,000) for each advance.

  • The First Revolving Loan shall be evidenced by the First Revolving Loan Note in the form of Schedule "A-1" attached hereto and made a part hereof (referred to herein as the "First Revolving Loan Note").

  • The aforesaid First Revolving Loan Note and advances thereunder may be continued or extended by mutual agreement of the parties; provided, however, the parties acknowledge that Lender is under no obligation to extend the term of the First Revolving Loan and whether or not to continue or extend the term of the First Revolving Loan is in the Lender's sole and absolute discretion.

  • As of the date of this Agreement, ------------------------------- Borrower shall execute and deliver to Lender a Fifth Revolving Note Modification Agreement (the "Fifth Revolving Note Modification Agreement") in regard to the First Revolving Loan, which, inter alia, increases the maximum principal balance of the First Revolving Loan to $2,500,000.

  • Borrower has requested that Bank agree to extend the ---------- maturity of both the First Revolving Loan and the Second Revolving Loan.

  • Borrower has requested that Bank agree to extend the ---------- maturity of both the First Revolving Loan and the Second Revolving Loan and to modify certain of Borrower's covenants contained in the Revolving Loan Agreement.

  • Upon such payment in full of the Second Revolving Loan, the Second Revolving Loan shall be terminated, whereupon the First Revolving Loan shall constitute the sole "Loan" under the Revolving Loan Agreement.

  • Borrower authorizes Lender to disburse and apply from the First Revolving Loan, as so increased, sufficient funds to pay in full all sums outstanding under the Second Revolving Loan.

  • The First Revolving Loan shall be evidenced by the First Revolving Loan Note in the form of Schedule “A-1” attached hereto and made a part hereof (referred to herein as the “First Revolving Loan Note”).

Related to First Revolving Loan

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

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

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

  • New Revolving Loans as defined in Section 2.25.

  • 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

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • 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 Loans has the meaning set forth in Section 2.1(a).

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.