Revolving Advance definition

Revolving Advance has the meaning given in Section 2.1.
Revolving Advance means an Advance comprised of Revolving Loans.
Revolving Advance means an advance by a Lender to the Borrower as part of a Borrowing, including a Base Rate Advance made pursuant to Section 2.03(c), but excluding any L/C Advance made as part of an L/C Borrowing and any Swingline Advance, and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a Type of Revolving Advance).

Examples of Revolving Advance in a sentence

  • The Total Revolving Commitment (and the Commitment of each Revolving Lender) shall be automatically reduced to zero at the close of business on the Revolving Commitment Termination Date and, without the need for any further action, each Revolving Advance shall automatically convert to a Term Advance and each Revolving Lender shall automatically be a Term Lender thereafter.

  • Each prepayment of any Revolving Advance by the Borrower pursuant to this Section 2.05(a) shall in each case be in a principal amount of at least $1,000,000 or a whole multiple of $500,000 in excess thereof or, if less, the entire outstanding principal amount of the Advances of the Borrower.


More Definitions of Revolving Advance

Revolving Advance means any advance by a Lender to the Borrower as part of a Revolving Borrowing.
Revolving Advance means an advance made by a Lender to the Borrower pursuant to Section 2.1(a).
Revolving Advance or "Revolving Advances" means a cash advance or cash advances under the Revolving Facility.
Revolving Advance or “Revolving Advances” means an advance (or advances) under the Revolving Line.
Revolving Advance means each advance made by Lender(s) pursuant to subsection 2.1(A).
Revolving Advance means a borrowing consisting of simultaneous Revolving Loans of the same Type made to the Borrower by each of the Lenders pursuant to Section 2.1, and for, in the case of Eurodollar Advances, the same Interest Period.
Revolving Advance means any Advance comprised solely of Revolving Loans.