Revolver Sublimit definition

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Revolver Sublimit means, when used in reference to Company, the Total Multicurrency Revolving Commitment plus the Total French Revolving Commitment and when used in reference to European Holdco or any Other Subsidiary Borrower, the maximum aggregate Effective Amount of outstanding Multicurrency Revolving Loans, French Revolving Loans, LC Obligations and Swing Line Loans permitted to be borrowed by European Holdco or such Other Subsidiary Borrower, which amount is set forth on Schedule 1.1(b) attached hereto (as the same may be amended pursuant to the terms of this Agreement).

Revolver Sublimit means an amount equal to $150,000,000, it being understood that the Revolver Sublimit is part of, and not in addition to, the Aggregate Commitments.

Examples of Revolver Sublimit in a sentence

The maximum amount of Revolver Commitments available for use under the Canadian Sub-Facility shall be the then current Canadian Revolver Sublimit.
The maximum amount of Revolver Commitments available for use under the German Sub-Facility shall be the then current Total German Revolver Sublimit.
The maximum amount of Revolver Commitments available for use under the U.S. Sub-Facility shall be the then current U.S. Revolver Sublimit.
No Letter of Credit shall be issued, renewed, extended or increased if, after giving effect thereto, (A) the Available Revolving Facility Commitment would be less than zero, (B) Aggregate Letter of Credit (Revolver) Usage would exceed the Letter of Credit (Revolver) Sublimit, or (C) the Available Revolving Lender Commitment of any Revolving Lender would be less than zero.
If at any time the Aggregate Letter of Credit (Revolver) Usage exceeds the Letter of Credit (Revolver) Sublimit, the Borrower shall reduce the Aggregate Letter of Credit (Revolver) Usage by providing collateral for the Letter of Credit Liability corresponding to such excess Aggregate Letter of Credit (Revolver) Usage in the manner set forth in Section 4.14 to the extent required to eliminate such excess.
After giving effect to any U.K. Revolver Commitment Adjustment, the Revolver Commitment available for use under the U.S. Revolver Sublimit or U.K. Revolver Sublimit, as applicable, of each Lender (and the percentage of each U.S. Revolver Loan or U.K. Revolver Loan, as applicable) that each participant must purchase a participation in) shall be equal to such Lender’s (or participant’s) Pro Rata share of the U.S. Revolver Sublimit or U.K. Revolver Sublimit, as applicable.
U.S. Maximum Credit: at any time, the lesser of (a) the U.S. Revolver Sublimit in effect at such time and (b) the U.S. Borrowing Base at such time.
Notwithstanding anything to the contrary stated in Section 5 of the Credit Agreement, at no time during the period beginning on the date hereof and ending on the Forbearance Termination Date shall the Issuing Bank be required to issue, extend or renew any Letter of Credit if, as a result thereof, the Revolving Facility Usage, after giving effect to such issuance, extension or renewal, would exceed the Revolver Sublimit in effect at such time.
Notwithstanding any provision of this Agreement to the contrary, any reduction of the Commitments pursuant to this Section 2.5(b) that has the effect of reducing the aggregate Commitments to an amount less than the Revolver Sublimit at such time shall result in an automatic corresponding reduction of the Revolver Sublimit to the amount of the aggregate Commitments (as so reduced), without any further action on the part of the Borrowers or any Lender.
Canadian Revolver Sublimit: an aggregate amount equal to $20,000,000, as such amount may be (a) increased from time to time as a result of a Revolver Commitment Increase pursuant to Section 2.1.4(a), and (b) increased or decreased from time to time as a result of a U.S. Revolver Commitment Adjustment pursuant to Section 2.1.11.

More Definitions of Revolver Sublimit

Revolver Sublimit means, with respect to each Borrower set forth below, the following amounts: Construction Partners: 18,000,000.00 Wiregrass Construction: 6,000,000.00 FSC: 7,000,000.00 ▇▇▇▇▇▇▇ Contracting: 3,000,000.00 ▇▇▇▇▇▇▇ ▇▇▇▇▇: 3,000,000.00 ▇▇▇▇▇▇▇ Company: 5,000,000.00 (vi) The definition of “Term Loan Recourse Amount” set forth in Section 1.01 shall be deleted in its entirety and the following new definition shall be submitted in place thereof:

Revolver Sublimit set forth in Section 1.01 shall be deleted in its entirety and the following new definition shall be submitted in place thereof:

Revolver Sublimit means, when used in reference to Company, the Total Multicurrency Revolving Commitment and when used in reference to any Other Subsidiary Borrower, the maximum aggregate Effective Amount of outstanding Multicurrency Revolving Loans, LC Obligations and Swing Line Loans permitted to be borrowed by such Other Subsidiary Borrower under the Multicurrency Revolving Facility, which amount is set forth on Schedule 1.1(c) attached hereto, as the same may be amended, restated, supplemented or otherwise modified pursuant to Section 2.15 or otherwise in accordance with the terms of this Agreement.

Revolver Sublimit means, when used in reference to the Company, the Total Revolving Commitment and when used in reference to a Subsidiary Borrower, the maximum aggregate Effective Amount of outstanding Revolving Loans, LC Obligations and Swing Line Loans permitted to be borrowed by such Subsidiary Borrower, which amount is set forth on Schedule 1.1(b) attached hereto.

Revolver Sublimit an aggregate amount equal to $80,000,000, as such amount may be (a) increased from time to time as a result of a Revolver Commitment Increase pursuant to Section 2.1.4(a) and (b) increased or decreased from time to time as a result of a U.S. Revolver Commitment Adjustment pursuant to Section 2.1.11. U.S. Secured Bank Product Obligations: Bank Product Debt of a U.S. Obligor owing to a Secured Bank Product Provider, up to the maximum amount (in the case of any Secured Bank Product Provider other than Bank of America and its Affiliates so long as Bank of America is the Agent) reasonably specified by such provider in writing to the Agent, which amount may be established or increased (by further written notice to the Agent from time to time) as long as no Default or Event of Default exists; provided that U.S. Secured Bank Product Obligations of any U.S. Obligor shall not include Excluded Hedging Obligations of such U.S. Obligor.