Minimum Revolvement Amount definition

Minimum Revolvement Amount means the minimum revolvement amount indicated in section 21 of the Agreement;
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Minimum Revolvement Amount means the minimum revolvement amount indicated in section 21 of the Agreement; "Royal Bank Prime" means the annual rate of interest RBC announces from time to time as a reference rate then in effect for determining interest rates on Canadian dollar commercial loans in Canada; and "Transaction" means a transfer of funds from the Account to the Customer's business current account, made by RBC pursuant to section 3 of the Agreement.
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Examples of Minimum Revolvement Amount in a sentence

  • If the Customer selects the OperatingLine PLUS option, RBC is authorized (but not obligated to) whenever there is a credit balance in the Customer’s business current account that exceeds the sum of the Minimum Retained Balance plus the Minimum Revolvement Amount, to apply all or part of such credit balance in an amount which is equal to the Minimum Revolvement Amount or a whole multiple of the Minimum Revolvement Amount, as a repayment on account of the debt.

  • The amount of such debit will be the Minimum Revolvement Amount or a whole multiple of the Minimum Revolvement Amount, and RBC will then deposit such amount to the Customer’s business current account.

  • The amount of such debit will be the Minimum Revolvement Amount or a whole multiple of the Minimum Revolvement Amount, and RBC will then deposit such amount to the Customer's business current account.

  • OperatingLine PLUS If the Customer selects the OperatingLine PLUS option, RBC is authorized (but not obligated to) whenever there is a credit balance in the Customer's business current account that exceeds the sum of the Minimum Retained Balance plus the Minimum Revolvement Amount, to apply all or part of such credit balance in an amount which is equal to the Minimum Revolvement Amount or a whole multiple of the Minimum Revolvement Amount, as a repayment on account of the debt.

Related to Minimum Revolvement Amount

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount equals $100,000,000.

  • Total Commitment Amount means, at any particular time, the aggregate of the Individual Commitments of all of the Lenders at such time.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders less the Letter of Credit Reserve and (b) the Borrowing Base less the Letter of Credit Reserve.

  • Aggregate Revolving Committed Amount means the aggregate Dollar Amount of Commitments in effect from time to time, being initially ONE BILLION FIVE HUNDRED MILLION DOLLARS ($1,500,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 or Section 2.24, as applicable, from time to time).

  • Maximum Revolver Amount means $5,000,000, decreased by the amount of reductions in the Revolver Commitments made in accordance with Section 2.4(c) of the Agreement.