Maximum Revolving Loan definition

Maximum Revolving Loan means an amount equal to Five Hundred Thousand and no/100 ($500,000.00).

Maximum Revolving Loan. Balance” 1.1(a) “MNPI” 9.10(a) “Net Interest Expense” Exhibit 4.2(b) “Notice of Conversion/Continuation of Revolving Loans” 1.6(a) “Obligation Currency” 9.26(a) 91 “OFAC” 3.29 “Other Taxes” 10.1(c) “Permitted Liens” 5.1 “PNC Swap Payments” 1.1(e) “Register” 1.4(b) “Restricted Payments” 5.11 “Replacement Lender” 9.22

Maximum Revolving Loan means an amount equal to $7,500,000.

Examples of Maximum Revolving Loan in a sentence

• If at any time the then outstanding principal balance of Revolving Loans exceeds the Maximum Revolving Loan Balance, then the Borrower shall immediately prepay outstanding Revolving Loans in an amount sufficient to eliminate such excess.

• Except as otherwise provided herein, no Lender shall have any obligation to make a Revolving Advance to the extent such Revolving Advance would cause the Revolving Loan (after giving effect to any immediate application of the proceeds thereof) to exceed the Maximum Revolving Loan Amount.

• In the event the Maximum Revolving Loan Amount is increased in accordance with Section 2.14 hereof, Agent may retain (for the benefit of Lenders) from the next Revolving Advance made to Borrower, any Increase OID required to be paid in accordance with Section 3.5(b) or (c) hereof from the Revolving Loan Advance(s) following such increase.

• Except as otherwise provided herein no Lender shall have any obligation to make an advance under this subsection 2.1(A) to the extent such advance would cause the Revolving Loan (after giving effect to any immediate application of the proceeds thereof) to exceed the Maximum Revolving Loan Amount.

• Each of the Guarantors affirms that the Guaranty of each remains in full force and effect and acknowledges that the Guaranty of each encompasses, without limitation, the amount of the Maximum Revolving Loan, as modified herein.

More Definitions of Maximum Revolving Loan

Maximum Revolving Loan. Balance” 1.1(b) “Non-Funding Lender” 1.11(b) “Notice of Conversion/Continuation” 1.6(a) “Obligation Currency” 1.14 “Original Credit Agreement” Recitals “Other Taxes” 10.1(c) “Other Lender” 1.11(e) “Permitted Liens” 5.1 “Register” 1.4(b) “Restricted Payments” 5.11 “Replacement Lender” 9.22 “Revolving Loan Commitment” 1.1(b) “Revolving Loan” 1.1(b) “Sale” 9.9(b) “Settlement Date” 1.11(b) “Swing Loan” 1.1(d)(i) “Swingline Request” 1.1(d)(ii) “Tax Returns” 3.10 “Taxes” 10.1(a) “Unused Facility Fee” 1.9(b) In addition to the terms defined elsewhere in this Agreement, the following terms have the following meanings:

Maximum Revolving Loan. Balance” 1.1(b)(ii) “MFN Provision” 1.1(e)(iii)(B) “Notice of Conversion/Continuation” 1.6(a) “Notice of Intent to Cure” 7.6(a) “OFAC” 3.18(a) “Other Taxes” 10.1(d) “Participant Register” 9.9(f) “Permitted Acquisition” 5.2(i) “Permitted Liens” 5.1 “Public Lender” 9.10(f) “QFC Credit Support” 9.27

Maximum Revolving Loan. Balance” 1.1(a) “Maximum Lawful Rate” 1.3(d) “MNPI” 9.10(a) “Net Interest Expense” Exhibit 4.2(b) “New DLL Facility” 5.5(d) “Notice of Conversion/Continuation” 1.6(a) “Old Coast Crane” Recitals “Overadvance” 1.1(a) “Other Taxes” 10.1(b) “Permitted Liens” 5.1 “PNC Swap Payments” 1.1(d) “Register” 1.4(b) “Restricted Payments” 5.11 “Replacement Lender” 9.22

Maximum Revolving Loan. Balance” 1.1(b) “Non-Funding Lender” 1.11(b) “Notice of Conversion/Continuation” 1.6(a) “Other Lender” 1.11(e) “Other Taxes” 10.1(b) “Permitted Liens” 5.1 86 “Relationship Bank” Exhibit 4.11 “Register” 1.4(b) “Restricted Payments” 5.11 “Replacement Lender” 9.22 “Revolving Loan Commitment” 1.1(b) “Revolving Loan” 1.1(b) “Sale” 9.9(a) “SEC” 3.26 “Settlement Date” 1.11(b) “Taxes” 10.1(a)

Maximum Revolving Loan means Seven Million Dollars ($7,000,000.00) until December 31, 2013, and thereafter until the Maturity Date shall mean Five Million Dollars ($5,000,000.00).

Maximum Revolving Loan means Six Million Dollars ($6,000,000).

Maximum Revolving Loan. Balance” 1.1(b)