Revolver Sublimit definition

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.
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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).
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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.
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Examples of Revolver Sublimit in a sentence

  • The maximum amount of Revolver Commitments available for use under the U.S. Sub-Facility shall be the then current U.S. Revolver Sublimit.

  • The maximum amount of Revolver Commitments available for use under the Canadian Sub-Facility shall be the then current Canadian Revolver Sublimit.

  • 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.

  • 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.

  • The maximum amount of Revolver Commitments available for use under the German Sub-Facility shall be the then current Total German Revolver Sublimit.

  • 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.

  • 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.

  • 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.

  • If the Revolving Facility Usage at any time exceeds the Revolver Sublimit in effect at such time, TransTechnology shall immediately prepay an amount equal to such excess to the Administrative Agent for the account of the Lenders and the Administrative Agent, for application to the outstanding principal amount of the Revolving Credit Loans.

  • Canadian Maximum Credit: at any time, the lesser of (a) the Canadian Revolver Sublimit in effect at such time and (b) the Canadian Borrowing Base at such time.


More Definitions of Revolver Sublimit

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.
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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:
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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 Xxxxxxx Contracting: 3,000,000.00 Xxxxxxx Xxxxx: 3,000,000.00 Xxxxxxx 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:
Sample 1
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.
Sample 1
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.
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Related to Revolver Sublimit

  • L/C Sublimit has the meaning ascribed to it in Annex B.

  • LC Sublimit means $500,000,000.

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $25,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Swingline Sublimit means an amount equal to the lesser of (a) $20,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $25,000,000, in the case of Chase and (ii) such amount as shall be designated to the Administrative Agent and the Borrower Representative in writing by an Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrowers.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $50,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Alternative Currency Sublimit means an amount equal to the lesser of the Aggregate Commitments and $50,000,000. The Alternative Currency Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Revolver Commitments means the aggregate amount of such commitments of all Lenders.

  • Sublimit means the aggregate amount of Warehousing Advances (expressed as a dollar amount or as a percentage of the Warehousing Commitment Amount) that is permitted to be outstanding at any one time against a specific type of Eligible Loan.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (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 such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Revolving Credit Aggregate Commitment means One Hundred Ten Million Dollars ($110,000,000), subject to increases pursuant to Section 2.13 hereof by an amount not to exceed the Revolving Credit Optional Increase, subject to reduction or termination under Section 2.11 or 9.2 hereof.

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Swing Line Commitment means, as to the Swing Line Lender, the commitment of the Swing Line Lender to make Swing Line Advances as set forth on Annex J to the Agreement, which commitment constitutes a subfacility of the Revolving Loan Commitment of the Swing Line Lender.

  • Foreign Currency Sublimit means $75,000,000.

  • Revolver Usage means, as of any date of determination, the sum of (a) the amount of outstanding Advances, plus (b) the amount of the Letter of Credit Usage.

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

  • Revolver Commitment means, with respect to each Lender, its Revolver Commitment, and, with respect to all Lenders, their Revolver Commitments, in each case as such Dollar amounts are set forth beside such Lender’s name under the applicable heading on Schedule C-1 or in the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder, as such amounts may be reduced or increased from time to time pursuant to assignments made in accordance with the provisions of Section 13.1.

  • Swingline Commitment the obligation of the Swingline Lender to make Swingline Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.