Maximum Revolving Credit Amount definition

Maximum Revolving Credit Amount means $85,000,000.00.

Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments at such time.

Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments existing at such time.

Examples of Maximum Revolving Credit Amount in a sentence

• Notwithstanding anything in this Agreement to the contrary, in no event shall the aggregate principal Revolving Credit Obligations exceed the Maximum Revolving Credit Amount.

• The Loans made by each Lender shall be evidenced by a single promissory note of the Borrower in substantially the form of Exhibit A dated (i) the Closing Date or (ii) the effective date of an Assignment pursuant to Section 12.06(b), payable to the order of such Lender in a principal amount equal to its Maximum Revolving Credit Amount as originally in effect and otherwise duly completed and such substitute Notes as required by Section 12.06(b).

• The Revolving Credit Obligations do not, and after making such proposed Advance or issuing such Letter of Credit would not, exceed the Maximum Revolving Credit Amount.

• Notwithstanding anything in this Agreement to the contrary, in no event shall the aggregate principal amount of Revolving Credit Obligations exceed the Maximum Revolving Credit Amount.

• The Administrative Agent shall have received duly executed Revolving Credit Notes payable to each Lender (including each New Lender) requesting a Revolving Credit Note in principal amounts equal to its Maximum Revolving Credit Amount (as amended hereby), dated as of the Fifth Amendment Effective Date.

More Definitions of Maximum Revolving Credit Amount

Maximum Revolving Credit Amount means, at any particular time, the lesser of (i) the Aggregate Revolving Loan Commitment at such time and (ii) the Borrowing Base (Monthly) at such time.

Maximum Revolving Credit Amount means $100,000,000.

Maximum Revolving Credit Amount means, as to each Revolving Credit Lender, the amount set forth opposite such Revolving Credit Lender’s name on Annex I under the caption “Maximum Revolving Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Revolving Credit Amounts pursuant to Section 2.07(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

Maximum Revolving Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Revolving Credit Amounts” (as the same may be reduced pursuant to Section 2.03(b) pro rata to each Lender based on its Percentage Share), as modified from time to time to reflect any assignments permitted by Section 12.06(b) or Additional Lenders or increases by existing Lenders pursuant to Section 12.06(h).

Maximum Revolving Credit Amount contained in Section 1.1 of the Credit Agreement are hereby amended to read as follows:

Maximum Revolving Credit Amount means as of any date of determination, the lesser of (a) $100,000,000 or (b) the amount to which the Maximum Revolving Credit Amount may have been reduced pursuant to Section 2.10 hereof; PROVIDED that if the obligation of the Lenders to make further Revolving Credit Advances is terminated upon the occurrence of an Event of Default, the Maximum Revolving Credit Amount as of any date of determination thereafter shall be deemed to be $0."

Maximum Revolving Credit Amount means, at any particular time, (i) the lesser of (A) the Aggregate Revolving Loan Commitment at such time and (B) the Borrowing Base at such time minus (ii) the amount of any Decision Reserve in effect at such time.