Pending Revolving Loans definition

Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice(s) of Borrowing received by the Agent which have not yet been advanced.

Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans, Swingline Loans and Agent Advances requested in any Borrowing Request received by the Administrative Agent or otherwise which have not yet been advanced.

Examples of Pending Revolving Loans in a sentence

• If the sum of outstanding Revolving Loans and the aggregate amount of Pending Revolving Loans, together with all outstanding indebtedness owing by Borrowers under all outstanding Letters of Credit, exceeds the Availability, Lenders may refuse to make or otherwise restrict the making of Revolving Loans as Lenders determine until such excess has been eliminated, subject to the Agent’s authority, in its sole discretion, to make Agent Advances pursuant to the terms of subparagraph 2.2(i).

• In addition, and without limiting the generality of the foregoing, Borrowers shall pay to Agent, for the account of Lenders, the amount, without duplication, by which the sum of outstanding Revolving Loans and the aggregate amount of Pending Revolving Loans exceeds the Availability with any such amount to be payable immediately without notice or demand.

• If the sum of outstanding Revolving Loans, the aggregate amount of Pending Revolving Loans, the undrawn amount of outstanding Letters of Credit and any unpaid reimbursement obligations in respect of Letters of Credit exceeds the Availability, the Lenders may refuse to make or otherwise restrict the making of Revolving Loans as the Lenders determine until such excess has been eliminated, subject to the Agent's authority, in its sole discretion, to make Agent Advances pursuant to the terms of Section 2.2(i).

• If the sum of outstanding Revolving Loans, the aggregate amount of Pending Revolving Loans, the undrawn amount of outstanding Letters of Credit and any unpaid reimbursement obligations in respect of Letters of Credit exceeds the Revolver Availability, the Lenders may refuse to make or otherwise restrict the making of Revolving Loans as the Lenders determine until such excess has been eliminated.

• If the sum of outstanding Revolving Loans, the aggregate amount of Pending Revolving Loans, the undrawn amount of outstanding Letters of Credit and any unpaid reimbursement obligations in respect of Letters of Credit exceeds the Maximum Revolver Amount, the Lenders, or any of them, may refuse to make or otherwise restrict the making of Revolving Loans on such terms as the Lenders, or such Lender, may determine until such excess has been eliminated.

• If Availability is zero ($0) or less (or would be zero ($0) or less after giving effect to Pending Revolving Loans), the Lenders may refuse to make or otherwise restrict the making of Revolving Loans as the Lenders determine until such deficiency has been eliminated, subject to the Agent's authority, in its sole discretion, to make Agent Advances pursuant to the terms of Section 2.2(i) (Agent Advances).

• If any requested Borrowing would exceed Availability (after giving effect to Pending Revolving Loans), the Lenders may refuse to make or may otherwise restrict the making of Revolving Loans as the Lenders determine until such excess has been eliminated, subject to the Agent’s authority, in its sole discretion, to require Lenders to make Out-of-Formula Loans pursuant to Section 1.2(i) and to make Agent Advances pursuant to the terms of Section 1.2(j).

• If any requested Borrowing would exceed Availability (after giving effect to Pending Revolving Loans), the Lenders may refuse to make or may otherwise restrict the making of Revolving Loans as the Lenders determine until such excess has been eliminated, subject to the Agent’s authority, in its sole discretion, to make Agent Advances pursuant to the terms of Section 1.2(i).

• If the Aggregate Revolver Outstandings exceed, or after giving effect to the Pending Revolving Loans would exceed, the Borrowing Base, the Lenders may refuse to make or otherwise restrict the making of Revolving Loans as the Lenders determine until such excess has been eliminated, subject to the Agent's authority, in its sole discretion, to make Agent Advances pursuant to the terms of SECTION 2.2(I).

• If the sum of outstanding Revolving Loans, the aggregate amount of Pending Revolving Loans, the undrawn amount of outstanding Letters of Credit and any unpaid reimbursement obligations in respect of Letters of Credit for either Borrower exceeds that Borrower's Availability, the Lenders may refuse to make or otherwise restrict the making of Revolving Loans to that Borrower as the Lenders determine until such excess has been eliminated.

More Definitions of Pending Revolving Loans

Pending Revolving Loans means, with respect to a Borrower, at any time, the aggregate principal amount of all Revolving Loans requested by such Borrower in any Notice(s) of Borrowing received by the Agent which have not yet been advanced.

Pending Revolving Loans means, at any time, the aggregate principal

Pending Revolving Loans means, at any time of determination, the aggregate principal amount of all Revolving Loans requested in any Notice(s) of Borrowing previously received by the Administrative Agent but not yet advanced or otherwise made at such time minus the aggregate principal amount of all Swing Loans outstanding at such time which will be repaid with the proceeds of such Pending Revolving Loans on the Funding Date therefor pursuant to a request by Borrowers to the Administrative Agent instructing the Administrative Agent to remit the proceeds of such Pending Revolving Loans to the Swing Lender for application to the Swing Loans then outstanding.