Maximum Revolver Amount definition

Maximum Revolver Amount means $100,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of this Agreement and increased by the amount of any Increase made in accordance with Section 2.14 of this Agreement.

Split View

AI-Powered Contracts

Draft, Review & Redline at the Speed of AI

Get StartedBook a Demo

Maximum Revolver Amount means $50,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

Maximum Revolver Amount means $25,000,000.

Examples of Maximum Revolver Amount in a sentence

• Borrower shall take any actions reasonably required by Agent to ensure and demonstrate that the Liens and security interests granted by this Agreement and the other Loan Documents continue to be perfected under the Code or otherwise after giving effect to the establishment of any such new Commitments and Maximum Revolver Amount.

• Notwithstanding the foregoing, the Unused Line Fee will be waived if for each day of the six months immediately prior to applicable ULF Payment Date either: (i) Revolver Usage is equal to or greater than 35% of the Maximum Revolver Amount or (ii) Borrower maintained deposit balances in accounts with [***] and any other Lender of not less than $20,000,000 on an average basis for the 6 months immediately prior to the date of determination.

• In no event may the Commitments and the Maximum Revolver Amount be increased pursuant to this Section 2.13 on more than 5 occasions in the aggregate for all such Increases.

More Definitions of Maximum Revolver Amount

Maximum Revolver Amount means $8,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

Maximum Revolver Amount means $35,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.

Maximum Revolver Amount means $15,000,000.

Maximum Revolver Amount means $50,000,000.

Maximum Revolver Amount means $150,000,000, as such amount may be increased or reduced from time to time in accordance with the provisions of Section 4.2.

Maximum Revolver Amount means $30,000,000.

Maximum Revolver Amount means $20,000,000.