Reducing Revolving Loans definition

Reducing Revolving Loans means a Loan that is a revolving line of credit with a commitment that reduces over the life of the Loan.
Reducing Revolving Loans means the Reducing Revolving Loans made to the Borrower pursuant to Section 4.
Reducing Revolving Loans has the meaning assigned that term in Section 2.6.

Examples of Reducing Revolving Loans in a sentence

  • He was having difficulty doing his job which required lifting, bending, pushing and pulling.

  • Each prepayment of the outstanding Reducing Revolving Loans pursuant to this Section 2.04(a) shall be applied to the principal repayment installments thereof in the direct order of maturity.

  • The WCMA Reducing Revolving Loan will be funded out of the WCMA Line of Credit for WCMA Reducing Revolving Loans immediately after such activation (or, if otherwise directed in the Closing Certificate and hereafter expressly agreed by MLBFS, all or part of the WCMA Reducing Revolving Loan may be made available as a WCMA Line of Credit and funded by Customer).

  • Permit the fair market value of the trailers owned by Borrower in which Lender has a perfected first security interest to be less than one hundred twenty five percent (125%) of the aggregate amount of Revolving Loans outstanding, the aggregate amount of Reducing Revolving Loans outstanding and Letters of Credit issued.

  • Subject to the terms and conditions of this AGREEMENT, the BORROWER may borrow, repay and re-borrow under the Long Term Reducing Revolving Loans up to the Maximum Availability at such time.

  • To the extent that the Reducing Revolving Facility Usage at the time of any reduction of the Reducing Revolving Loan Commitments hereunder exceeds the Reducing Revolving Loan Commitments as so reduced, the Reducing Revolving Loans shall be repaid in the amount of any such excess in accordance with Section 2.

  • Borrower acknowledges that as of January 30, 2013, the outstanding principal balance of the Revolving Loans is $0, the outstanding principal balance of the Reducing Revolving Loans is $45,000,000 and the aggregate stated amount of all Letters of Credit outstanding and available for drawing is $4,027,905.

  • Most common examples of external actors are private actors such as companies (in case of KCB, KvK, Ksa and NEa) or a specific market such as the financial and vehicle market (in case of AFM and RDW).

  • After giving effect to all Reducing Revolving Borrowings, all conversions of Reducing Revolving Loans from one Type to the other, and all continuations of Reducing Revolving Loans as the same Type, there shall not be more than five (5) Interest Periods in effect in respect of all outstanding Reducing Revolving Loans..

  • It will be offering over 140 generic prescription drugs with a pipeline of 51 new generic molecules and an extensive range of non-prescription pharmacy products.


More Definitions of Reducing Revolving Loans

Reducing Revolving Loans means the Loans made pursuant to the terms and conditions set forth in Section 2.01(c).
Reducing Revolving Loans shall have the meaning assigned to such term in Section 2.2 of this Agreement.

Related to Reducing Revolving Loans