Maximum Revolving Amount definition

Maximum Revolving Amount means Three Hundred Million Dollars ($300,000,000), as such amount may be reduced pursuant to Section 2.9(a) hereof.
Maximum Revolving Amount means One Hundred Million Dollars ($100,000,000), as such amount may be increased pursuant to Section 2.9(b) hereof, or decreased pursuant to Section 2.9(a) hereof.
Maximum Revolving Amount. At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

Examples of Maximum Revolving Amount in a sentence

Any partial reduction in the Maximum Revolving Amount shall be effective during the remainder of the Commitment Period.

After each such partial reduction, the commitment fees payable hereunder shall be calculated upon the Maximum Revolving Amount as so reduced.

Upon each decrease of the Maximum Revolving Amount, the Total Commitment Amount shall be decreased by the same amount.

However, despite this, public school districts continue to underserve their low-income, racial, linguistic and gender minority students.

Upon each decrease of the Revolving Amount, the Maximum Revolving Amount and the Total Commitment Amount shall be decreased by the same amount.


More Definitions of Maximum Revolving Amount

Maximum Revolving Amount means $10,000,000.
Maximum Revolving Amount means Eight Million Dollars ($8,000,000), as such amount may be reduced pursuant to Section 2.12(e) hereof.
Maximum Revolving Amount means Three Hundred Million Dollars ($300,000,000) until the First Amendment Effective Date, and from and after the First Amendment Effective Date, Four Hundred Fifty Million Dollars ($450,000,000), as such amount may be increased pursuant to Section 2.9(b) hereof, or decreased pursuant to Section 2.9(a) hereof.
Maximum Revolving Amount means, as of any date of determination, the result of (a) the Maximum Amount, minus (b) the then outstanding principal balance of the Term Loan.
Maximum Revolving Amount means the maximum amount of Revolving Advances and Letters of Credit which may be outstanding at any one time, determined without regard to the Borrowing Base, which as of the Closing Date equals Twenty Million Dollars ($20,000,000.00).
Maximum Revolving Amount means $15,000,000.
Maximum Revolving Amount means $25,000,000.