Revolving Advance Commitment definition

Revolving Advance Commitment means the sum of Seven Million Five Hundred Thousand Dollars ($7,500,000).
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Revolving Advance Commitment means, with respect to each Revolving Advance Lender, (i) the amount set forth opposite the name of such Revolving Advance Lender on the signature pages hereof as its Revolving Advance Commitment, or (ii) as to any Revolving Advance Lender which enters into an Assignment and Acceptance (whether as transferor Revolving Advance Lender or as assignee thereunder), the amount of such Revolving Advance Lender’s Revolving Advance Commitment after giving effect to such Assignment and Acceptance, or (iii) as to any Revolving Advance Lender which agrees to increase its Revolving Advance Commitment pursuant to Section 2.01(b) and (c), the amount of such Revolving Advance Lender’s Revolving Advance Commitment after giving effect to such increase, in each case as such amount may be reduced from time to time pursuant to Sections 2.08 and 2.09.
Sample 1
Revolving Advance Commitment means, as the context may require, a Revolving-1 Advance Commitment or a Revolving-2 Advance Commitment and collectively means all of the Revolving-1 Advance Commitments and Revolving-2 Advance Commitments.
Sample 1

Examples of Revolving Advance Commitment in a sentence

  • Given the sites location within a NVZ, and the surrounding agricultural and industrial pressure, the chemical composition of the groundwater entering the site may change.

  • Each partial prepayment made pursuant to Clause 8.4 shall be applied as directed by the Borrower to reduce pro rata each scheduled repayment of the relevant Term Loan Advance to be made pursuant to Clause 8.1(a) and/or each scheduled reduction of the relevant Revolving Advance Commitment Limit to be made pursuant to Clause 8.2(a).

  • All voluntary cancellations under Clause 8.12 and mandatory reductions under Clause 8.9(b) shall be applied to reduce future quarterly repayments under Clause 8.1 and/or reductions under Clause 8.2 on a pro rata basis (based on the then applicable amounts of such scheduled Term Loan Advance repayments or Revolving Advance Commitment Limit reductions).

  • Each Liquidity Lender severally agrees to make, from time to time, on or before the Revolving Advance Commitment Termination Date, revolving loans (relative to such Liquidity Lender, its "Revolving Advances") to the Borrower equal to such Liquidity Lender's Percentage, as such Percentage may be decreased pursuant to Section 3.3, of the aggregate amount of the Borrowing of Revolving Advances requested by the Borrower to be made on such day.

  • Within the limits of each Revolving Lender’s Revolving Advance Commitment, the Borrower may from time to time, solely with respect to Revolving Advances, borrow under this Section 2.01(a), prepay pursuant to Section 2.12(b) and reborrow under this Section 2.01(a).

  • By: Name: Title: Schedule 1.2(a) Lender Commitments Lender Commitment Amount Revolving Advance Commitment Percentage Term Loan Commitment Percentage Commitment Percentage PNC BANK, NATIONAL ASSOCIATION $ 75,000,000 100.00 % 100.00 % 100.00 % Total $ 75,000,000 100 % 0.

  • Notwithstanding the foregoing, prior to accepting the offer of any other financial institutions or banks not party hereto to participate in a Revolving Advance Commitment Increase, the Borrower agrees to first give existing Lenders 10 Business Days to express interest in participating in the requested Revolving Advance Commitment Increase and an additional 20 Business Days from the expression of interest to confirm internal credit approval.

  • Xxxxxx Xxxxxxx Xxxxxxxxx & Xxxx, PLLC X.X. Xxxxxx 00 000 Xxxx Xxxxxx Xxxxxx (27101) Xxxxxxx-Xxxxx, Xxxxx Xxxxxxxx 00000 Telecopy: (000) 000-0000 Telephone: (000) 000-0000 109 WACHOVIA BANK, NATIONAL ASSOCIATION, as the Other Currency Lender, Other Currency Issuing Bank and a Bank Facility Commitment: $27,500,000 Revolving Advance Commitment: $-0- By: /s/ X.

  • Such commission shall be payable in arrears on each Quarterly Payment Date during the term of each Letter of Credit, and on the Revolving Advance Commitment Termination Date, provided that any Letter of Credit commissions in respect of the Revolving-1 Advance Commitment accruing after the Revolving-1 Advance Commitment Termination Date or in respect of the Revolving-2 Advance Commitment accruing after the Revolving-2 Advance Commitment Termination Date shall in each case be payable on demand.

  • The Borrowers shall deliver to each Revolving Advance Lender a replacement Note (in the amount of such Revolving Advance Lender’s Revolving Advance Commitment) (such notes are collectively referred to herein as the “Replacement Notes”), executed by the Borrowers, in exchange for the applicable Notes of such Revolving Advance Lender currently outstanding.


More Definitions of Revolving Advance Commitment

Revolving Advance Commitment means, with respect to each Revolving Lender, the commitment of such Revolving Lender to make Revolving Advances and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount at any time of the sum of the outstanding principal amount of such Revolving Lender’s Revolving Advances, its LC Exposure and its Swingline Exposure at such time, as such commitment may be (a) reduced from time to time pursuant to Section 2.06, (b) increased pursuant to Section 2.20, or (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 8.07. The initial amount of each Revolving Lender’s Revolving Advance Commitment is set forth either on Schedule I, in the Commitment Increase Agreement required under Section 2.20 pursuant to which such Revolving Lender shall have assumed its Revolving Advance Commitment, or in the Assignment and Acceptance pursuant to which such Revolving Lender shall have assumed its Revolving Advance Commitment, as applicable.
Sample 1

Related to Revolving Advance Commitment

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Letter of Credit Commitment Amount means, on any date, a maximum amount of $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Canadian Revolving Commitment means the commitment of a Lender to make or otherwise fund any Canadian Revolving Loan and to acquire participations in Canadian Letters of Credit and Swing Line Loans hereunder and “Canadian Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Canadian Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Canadian Revolving Commitments as of the Restatement Date is $10,000,000.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Revolving Commitment Amount means $125,000,000, as reduced from time to time pursuant to Section 6.1.

  • Revolving Commitment Percentage means, for each Lender, the percentage identified as its Revolving Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6(c).

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $50,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.