Maximum Revolving Amount definition

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.
Maximum Revolving Amount means Five Hundred Million Dollars ($500,000,000), as such amount may be reduced pursuant to Section 2.9(a) hereof.
Maximum Revolving Amount means $10,000,000.

Examples of Maximum Revolving Amount in a sentence

  • In the event the average closing daily unpaid balances of all Revolving Advances hereunder during any calendar month is less than the Maximum Revolving Amount, Borrower shall pay to Lender a fee at a rate per annum equal to three-eighths of one percent (.375%) on the amount by which the Maximum Revolving Amount exceeds such average daily unpaid balance.

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

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

  • Borrowers shall pay to Lender, as a consideration for the Revolving Credit Commitment, a commitment fee from the Closing Date to and including the last day of the Commitment Period, payable monthly, at a rate per annum equal to (i) thirty-seven and one-half (37.50) basis points, multiplied by (ii) (A) the average daily Maximum Revolving Amount in effect during such month, minus (B) the average daily Revolving Credit Exposure during such month.

  • Papers NumberedNotice of Motion - Affidavits - Exhibits.........................................


More Definitions of Maximum Revolving Amount

Maximum Revolving Amount means Fifteen Million Dollars ($15,000,000), as such amount may be reduced pursuant to Section 2.8(g) hereof.
Maximum Revolving Amount means One Hundred Fifty-Three Million One Hundred Fifty Thousand Dollars ($153,150,000), 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 $15,000,000.
Maximum Revolving Amount means $25,000,000.
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 Six Million Five Hundred Thousand Dollars ($6,500,000).
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.