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 $10,000,000.
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 Amendment No. 1 Effective Date, equals Twenty Five Million Dollars ($25,000,000.00).
Examples of Maximum Revolving Amount in a sentence
Lxxxxx and Borrower desire to amend the Note to: (i) increase the Maximum Revolving Amount from $2,000,000 to $4,000,000 and (ii) extend the maturity date applicable to borrowings under the Note.
More Definitions of Maximum Revolving Amount
Maximum Revolving Amount means $2,000,000. ------------------------
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 Ten Million Dollars ($10,000,000), as such amount may be reduced pursuant to Section 6.1.
Maximum Revolving Amount means $15,000,000.
Maximum Revolving Amount means $25,000,000.
Maximum Revolving Amount contained in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety, as follows:
Maximum Revolving Amount means $13,000,000.