Examples of Maximum Revolving Advance Amount in a sentence
Each Lender holding a Revolving Commitment shall participate in any new Revolving Advances made on or after such date in accordance with its Revolving Commitment Percentage after giving effect to the increase in the Maximum Revolving Advance Amount and recalculation of the Revolving Commitment Percentages contemplated by this Section 2.24.
If, for any month during the Term, the average daily unpaid balance of the Advances for each day of such month does not equal the Maximum Revolving Advance Amount, then Borrowers shall pay to Agent for the ratable benefit of Lenders a fee at a rate equal to the Facility Fee per annum on the amount by which the Maximum Revolving Advance Amount exceeds such average daily unpaid balance.
After giving effect to such increase, the Maximum Revolving Advance Amount shall not exceed $90,000,000.