Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.
Maximum Revolving Loan Amount means, at any time of determination, the lesser of (a) the Aggregate Revolving Commitments, or (b) the Borrowing Base; provided that, until the Final Order Entry Date, the Maximum Revolving Loan Amount shall not exceed $32,300,000.
Examples of Maximum Revolving Loan Amount in a sentence
The Borrower’s obligation to comply with this Section 2.5(a) is automatic, and the Administrative Agent has no obligation to notify the Borrower that the principal balance outstanding under the Revolving Line of Credit exceeds the Maximum Revolving Loan Amount.
More Definitions of Maximum Revolving Loan Amount
Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the aggregate of the Revolving Loan Commitments of all Lenders less the sum of the Letter of Credit Reserve and (b) the Borrowing Base less the sum of the Letter of Credit Reserve.
Maximum Revolving Loan Amount means at any time the aggregate amount of the Revolving Loan Commitments held by all Lenders at such time.
Maximum Revolving Loan Amount means $50,000,00080,000,000.
Maximum Revolving Loan Amount means $100,000,000.
Maximum Revolving Loan Amount has the meaning assigned to that term in subsection 2.1(A). -----------------
Maximum Revolving Loan Amount means $75,000,000.
Maximum Revolving Loan Amount means $20,000,000.