Maximum Revolving Loan Limit definition

Maximum Revolving Loan Limit shall have the meaning specified in subsection 2(a) hereof.

Maximum Revolving Loan Limit shall have the meaning specified in SUBSECTION 2(a) hereof.

Maximum Revolving Loan Limit means the total of all advances outstanding at any one time under the Revolving Loan, which at no time, in the aggregate, shall exceed Twenty One Million Five Hundred Thousand and No/100 Dollars ($21,500,000).

Examples of Maximum Revolving Loan Limit in a sentence

• Borrower may from time to time voluntarily prepay the Revolving Loans (without a reduction in the Maximum Revolving Loan Limit) in whole or in part subject to the terms and conditions of this Agreement.

• If at any time Availability (after giving effect to all applicable sublimits within the Borrowing Base) is less than $0.00, Borrower shall promptly, and without the necessity of demand by Lender, pay to Lender such amount as may be necessary to eliminate such excess and Lender shall apply such payment to the Revolving Loans (without a reduction in the Maximum Revolving Loan Limit) to eliminate such excess.

• Borrower shall pay to Lender an unused line fee equal to the Applicable Margin for the unused line fee multiplied by the difference between (a) the Maximum Revolving Loan Limit and (b) the average daily balance of the Revolving Loans plus the Letter of Credit Obligations for each month, which fee shall be fully earned by Lender and payable monthly in arrears on the first day of each month.

• In addition, Borrower may at any time, upon at least thirty (30) days prior written notice to Administrative Agent and Lenders, elect to reduce the Maximum Revolving Loan Limit, which reduction shall reduce each Lender’s Revolving Loan Commitment on a pro rata basis in accordance with its Pro Rata Share; provided that any such reduction shall be in a minimum amount of Five Million Dollars ($5,000,000) and in integrals of Five Hundred Thousand Dollars ($500,000) above such amount.

• For this, an A/B test is recommended, which is described as “an experiment that compares two versions (A and B) of a webpage” (Petz & Greiner, 2014).

More Definitions of Maximum Revolving Loan Limit

Maximum Revolving Loan Limit contained in Section 1.01 of the Credit Agreement is amended in its entirety so that such definition now reads as follows:

Maximum Revolving Loan Limit means Eight Million Five Hundred Thousand Dollars $8,500,000.00).”

Maximum Revolving Loan Limit means, at any time, the lesser of (i) the Borrowing Base at such time, and (ii) six million and 0/100 dollars ($6,000,000.00).

Maximum Revolving Loan Limit shall have the meaning specified in subsection 2(a) hereof as such amount may be decreased from time to time in accordance with the terms of this Agreement.

Maximum Revolving Loan Limit means $5,000,000.” Even though the Revolving Loan Note made by Borrowers to Lender is for the face amount of $10,000,000, the Revolving Loan Limit and Maximum Revolving Loan Limit shall not exceed $5,000,000.

Maximum Revolving Loan Limit means, with respect to each requested advance of Revolving Loans, the lesser of (a) the Applicable Revolving Loan Advance Limit (as calculated pursuant to the Borrowing Base Certificate delivered to the Agent on the date of borrowing of such advance and calculating the Applicable Revolving Loan Advance Limit no earlier than one (1) Business Day prior to the date of such borrowing) then in effect and (b) the Aggregate Revolving Loan Commitment as of such date.

Maximum Revolving Loan Limit means $1,250,000.”