Revolver Credit definition

Revolver Credit. Outstandings: at any particular time, the sum of (a) the principal amount of the U.S. Revolver Loans outstanding at such time and (b) the U.S. LC Obligations outstanding at such time.
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Examples of Revolver Credit in a sentence

  • The Administrative Agent shall have received evidence that the Existing Revolving Credit Agreement and the Existing Term Revolver Credit Agreement have each been terminated, and all outstanding obligations (excluding any breakage costs and any other contingent obligations that survive by their express terms) thereunder have been paid in full.

  • Credit Parties shall at all times maintain in full force and effect the Revolver Credit Agreement (or a similar revolving credit facility in a like amount and on terms no less favorable to Credit Parties).

  • Upon such resignations, a new administrative agent and letter of credit issuer will be elected or appointed in accordance with the Revolver Credit Agreement.

  • The proceeds of such Revolver Credit Advances may be disbursed directly to the controlled disbursement account or other appropriate account.

  • The covenants incorporated herein by reference will survive termination of the Revolver Credit Agreement until all Obligations hereunder are fully and finally repaid and the Commitments terminated.

  • Each of the Revolver Agent and the Term Loan Agent represents and warrants to the other parties hereto that it is authorized under the Original Revolver Credit Agreement and the Original Term Loan Credit Agreement, as the case may be, to enter into this Agreement.

  • All Revolving Loans available to the Borrower subject to the Revolving Loans Borrowing Base and the Maximum Revolver Credit shall be subject to the Administrative Agent’s continuing right, with the consent of Required Lenders, to establish and revise Availability Reserves to the extent permitted elsewhere in this Agreement.

  • Revolver Credit Maximum Amount: $200,000,000, as such amount may be increased or reduced from time to time pursuant to the terms of this Agreement.

  • Each such reduction of the Revolver Credit Limits shall reduce the Revolver Credit Limits of each Lender proportionately in accordance with its ratable share thereof.

  • Defined terms used but not defined in this Term Sheet have the meanings ascribed to such terms in the Revolver Credit Agreement.