Revolver Facility definition

Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

Revolver Facility means the revolver loan facility extended to Borrower pursuant to Subsection 1.1(A).

Revolver Facility means the Revolver Commitments and the Revolver Loans made hereunder.

Examples of Revolver Facility in a sentence

• The Revolver Facility is subject to covenants that require the Company to maintain a current ratio of not less than 1.10:1; total debt to EBITDA of not greater than 2:1; historic debt coverage ratio of greater than 2.5:1 and a tangible net worth of not less than $300 million.

• The Revolver Facility carries an interest rate of LIBOR plus 4.65 percent with any unused facility amounts subject to a commitment fee of 1.6 percent.

• The weighted average life to maturity of any Tranche of Incremental Term Loans shall be equal to or greater than the remaining life of the Revolver Facility and the weighted average life to maturity of any then existing Incremental Term Loan Facility, determined as of the effective date of the Incremental Term Loan Commitment for such Tranche of Incremental Term Loans.

• The first tranche consists of $165 million to be used to fund the development of the Wahgnion Gold Project (“Wahgnion Tranche”) and to repay all of the Company’s outstanding debt drawn on the Revolver Facility.

• In June 2016, the Company completed an extension of its $30.0 million Revolver Facility with Société Générale (“Revolver Facility”).

More Definitions of Revolver Facility

Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01(a) hereof (as the same may be decreased pursuant to Section 2.03(a)).

Revolver Facility means the facility established under the U.S. Commitments and the Canadian Commitments.

Revolver Facility means any one of such Revolver Facilities.

Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.1 hereof, including the LC Subfacility and the Swing Line Subfacility.

Revolver Facility means the credit facility as described in and subject to the limitations set forth in SECTION 2.1 hereof.

Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.1 hereof, including the Letter of Credit subfacility.

Revolver Facility means the credit facility as described in and subject to the limitations set forth in SECTION 2.1 hereof, including the LC Subfacility and the Swing Line Subfacility.