Revolver Reduction Amount means for any Revolver Reduction Date, the corresponding amount for such date set forth on Schedule 2.09(a) under the heading “Total Revolving Commitment Reduction”.
Revolver Reduction Amount means for any Revolver Reduction Date, the corresponding amount for such date set forth on Schedule 2.09(c) under the heading “Total Commitment Reduction” as
Revolver Reduction Amount means $4,166,666.67 or such other amount as provided in Section 2.7(a).
Examples of Revolver Reduction Amount in a sentence
The Revolver Reduction Amount shall be adjusted in connection with any mandatory prepayment or reduction of the Revolving Commitments (or substitution of one or more Collateral Vessel(s) with a Substitution Vessel or the addition of any Additional Vessels) and to give effect to any permanent reduction of the Revolving Commitments; provided that any adjustments to the Revolver Reduction Amount shall not result in scheduled repayments and/or reductions less than the Minimum Reduction Profile.
More Definitions of Revolver Reduction Amount
Revolver Reduction Amount means a number (which may be positive or negative) equal to (a) $1.5 million minus (b) all outstanding principal amounts and accrued interest owing to Signature Bank under the Company’s revolving line of credit as of the close of business on the Closing Date.
Revolver Reduction Amount means as to each Quarterly Payment Date, the amount set forth below opposite that Quarterly Payment Date, provided that in the event that the amount of the Revolving Commitment is hereafter increased pursuant to Section 2.16, then the Revolver Reduction Amount for each subsequent Quarterly Payment Date shall be ratably increased in the same proportion that the principal amount of the increase bears to $90,000,000: Quarterly Payment Date Revolver Reduction Amount Closing Date through and including December 31, 2006 $ 0 March 31, 2007 through and including December 31, 2008 $ 1,250,000 March 31, 2009 and thereafter $ 2,500,000 Revolving Commitment” means, as to each Lender, its obligation to (a) make Loans to the Borrower pursuant to Section 2.01, (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite that Lender’s name on Schedule 2.01 or in the Assignment and Assumption pursuant to which that Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.
Revolver Reduction Amount means as to each Quarterly Payment Date, the amount set forth below opposite that Quarterly Payment Date: Quarterly Payment Date Revolver Reduction Amount Effective Date through and including March 31, 2007 $ 0 June 30, 2007 through and including March 31, 2008 $ 3,750,000 June 30, 2008 through and including March 31, 2009 $ 6,250,000
Revolver Reduction Amount means, as to each Quarterly Payment Date set forth below, the amount opposite that Quarterly Payment Date: Quarterly Payment Dates Revolver Reduction Amount September 30, 2005 though and including June 30, 2008 $ 0 Revolver Maturity Date $ 75,000,000 provided that, in the event that the Revolving Commitment is hereafter increased in the manner contemplated by Section 2.8, then the Revolver Reduction Amount for each then remaining Quarterly Payment Date to and including June 30, 2008 shall be increased to an amount that amortizes such Increased Commitment in equal quarterly installments through and including June 30, 2008.
Revolver Reduction Amount means, as to each Quarterly Payment Date set forth below, the amount opposite that Quarterly Payment Date: Revolver Quarterly Payment Dates Reduction Amount ----------------------- ---------------- September 30, 2005 though and including June 30, 2008 $ 4,166,667 Revolver Maturity Date $75,000,000 provided that, in the event that the Commitment is hereafter increased in the manner contemplated by Section 2.8, then the Revolver Reduction Amount for each then remaining Quarterly Payment Date shall be increased in the same proportion that (a) the Increased Commitment bears to (b) the Commitment prior to the effective date of such increase.
Revolver Reduction Amount means, as to each Quarterly Payment Date, the amount set forth below opposite that Quarterly Payment Date: Quarterly Payment Dates Revolver Reduction Amount ----------------------- ------------------------- September 30, 2001 though and $0 including December 31, 2002 March 31, 2003 and June 30, 2003 $667,500 September 30, 2003 through and $1,000,000 including June 30, 2004 September 30, 2004 through and $1,332,500 including June 30, 2005 September 30, 2005 through and $2,000,000 including March 31, 2006 provided that, in the event that the Commitment is hereafter increased in the manner contemplated by Section 2.8, then the Revolver Reduction Amount for each then remaining Quarterly Payment Date shall be increased in the same proportion that (a) the Increased Commitment bears to (b) the Commitment prior to the effective date of such increase.
Revolver Reduction Amount means, with respect to any Quarterly Payment Date set forth in the matrix below, the amount necessary to reduce the then applicable Revolving Commitment to the level set forth below opposite that Quarterly Payment Date: Quarterly Payment Date Commitment Reduction Remaining Revolving Commitment September 30, 2002 $50,000,000 $1,950,000,000 Quarterly Payment Date Commitment Reduction Remaining Revolving Commitment December 31, 2002 $50,000,000 $1,900,000,000 March 31, 2003 $50,000,000 $1,850,000,000 June 30, 2003 $50,000,000 $1,800,000,000 September 30, 2003 $100,000,000 $1,700,000,000 December 31, 2003 $100,000,000 $1,600,000,000 March 31, 2004 $100,000,000 $1,500,000,000 June 30, 2004 $100,000,000 $1,400,000,000 September 30, 2004 $100,000,000 $1,300,000,000 December 31, 2004 $100,000,000 $1,200,000,000 March 31, 2005 $100,000,000 $1,100,000,000 June 30, 2005 $100,000,000 $0