Maximum Revolving Credit Line definition

Maximum Revolving Credit Line means Sixty-Five Million Dollars ($65,000,000) less the Gross Availability Reductions.

Maximum Revolving Credit Line has the meaning specified in clause (a) of the definition of Availability.

Maximum Revolving Credit Line contained in Section 1.1 of the Agreement is hereby amended in its entirety to read as follows:

Examples of Maximum Revolving Credit Line in a sentence

• The Agent, in its discretion, may elect to allow the limits of the Available Revolving Facility Amount to be exceeded on one or more occasions, provided that the Agent may never exceed the Maximum Revolving Credit Line.

• The Aggregate Exposure shall at no time exceed the Maximum Revolving Credit Line and if at any time this limit is exceeded as a consequence of currency fluctuations, the Borrowers shall provide cash cover in an amount equal to such excess.

• For every month during the term of this Agreement, the Borrower shall pay the Lender a fee (the "Unused Line Fee") in an amount equal to three-eighths of one percent (0.375%) per annum, multiplied by the amount by which (a) the Maximum Revolving Credit Line then in effect exceeds the average closing daily unpaid balance of all Revolving Loans and all issued but undrawn Letters of Credit during such month, with the unpaid balance calculated for this purpose by applying payments immediately upon receipt.

• Subject to the terms and conditions of this Agreement, the Lenders shall make available to the Borrowers a revolving credit facility (the "REVOLVING FACILITY") of up to the Maximum Revolving Credit Line.

• AGENT'S RIGHT TO EXCEED LIMITS: The Agent, in its discretion, may elect to allow the limits of the Available Revolving Facility Amount to be exceeded on one or more occasions, provided that the Agent may never exceed the Maximum Revolving Credit Line.

More Definitions of Maximum Revolving Credit Line

Maximum Revolving Credit Line means Two Million Five Hundred Thousand Dollars ($2,500,000).

Maximum Revolving Credit Line. The definition of "Maximum Revolving Credit Line" is hereby amended in its entirety to read as follows:

Maximum Revolving Credit Line means Twenty-Five Million and No/100 Dollars ($25,000,000.00) through December 31, 1998 and Twenty Million Dollars ($20,000,000.00) thereafter.

Maximum Revolving Credit Line means the total dollar amount Bank approves to revolve against which the Cardholder may get Cash Advances or make Purchases through the use of Cards or Convenience Checks; (f) “Merchant” means a business displaying the Visa sign; (g) “Overdraft Protection” means a service for qualified checking account clients of Bank’s affiliated financial institutions, which protects your designated checking accounts from overdrafts and rejected items by making automatic Cash Advances from your Cardholder Account.

Maximum Revolving Credit Line the maximum amount which is available under this Agreement; being L60,000,000 or, if the Agent has received a notice in accordance with Clause 2.7 and the period referred to in Clause 2.7 has expired, L80,000,000 (or such other amount as may be agreed between the Agent and Ideal from time to time); NET AMOUNT OF ELIGIBLE ACCOUNTS: the gross amount of Eligible Accounts less sales, excise or similar taxes, and less returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed in respect of such Eligible Accounts;

Maximum Revolving Credit Line means (a) for the period from the First Amendment Effective Date through and including April 30, 2002, One Million Two Hundred Thousand Dollars ($1,200,000), and (b) on the first day of each calendar month thereafter, commencing with May 1, 2002, an amount equal to (i) the "Maximum Revolving Credit Line" in effect during the immediately preceding calendar month minus (ii) Fifty Thousand Dollars ($50,000). Section 2.02 Addition of Section 3.4. A new Section 3.4 is hereby added to the Agreement, which Section 3.4 shall read in its entirety as follows: 3.4

Maximum Revolving Credit Line means, for the period beginning April 1, 1996 and ending June 30, 1996, Seventy-Five Million Dollars ($75,000,000) less the Gross Availability Reductions, and for the period beginning July 1, 1996 and continuing thereafter, Sixty-Five Million Dollars ($65,000,000) less the Gross Availability Reductions."