Maximum Revolving Facility means the maximum amount of the Revolving Loans as evidenced by a revolving note(s) which amount Bank has agreed to consider as a ceiling on the outstanding principal balance of Revolving Loans (other than Term Loans) to be made by Bank pursuant to this Agreement.
Maximum Revolving Facility means an amount equal to Twenty Million and No/100 Dollars ($20,000,000.00).
Maximum Revolving Facility means an amount equal to Twenty-Seven Million Five Hundred Thousand and No/100 Dollars ($27,500,000.00).
Examples of Maximum Revolving Facility in a sentence
If the average daily Revolving Credit Exposure shall be less than the Maximum Revolving Facility in any calendar month, Borrower shall pay to Lender on the first (1st) day of the next succeeding calendar month a fee (the “Unused Line Fee”) equal to 0.25% per annum of the amount by which the Maximum Revolving Facility exceeds the average daily Revolving Credit Exposure.
More Definitions of Maximum Revolving Facility
Maximum Revolving Facility in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety as follows:
Maximum Revolving Facility means $50,000,000, as it may be reduced from time to time in accordance with Section 2.7.
Maximum Revolving Facility means an amount equal to Forty Million Two Hundred Fifty Thousand and No/100 Dollars ($40,250,000.00).
Maximum Revolving Facility means an amount equal to Fifteen Million and No/100 Dollars ($15,000,000.00).
Maximum Revolving Facility means, at any time, an amount equal to Five Million Dollars ($5,000,000).
Maximum Revolving Facility means $25,000,000.
Maximum Revolving Facility means (a) from the Closing Date to and including June 12, 2009, $15,000,000, (b) after June 12, 2009 and to and including June 12, 2010, $20,000,000, and (c) after June 12, 2010, $25,000,000. Mortgages shall have the meaning given such term in Section 8.12.