Revolving Borrowing Capacity definition

Revolving Borrowing Capacity the “Aggregate Revolver Borrowing Capacity”, as defined in the Revolving Credit Agreement.
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Revolving Borrowing Capacity means the “Excess Availability”, as defined in the Revolving Credit Agreement.
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Revolving Borrowing Capacity of a Borrower means, with respect to such Borrower:
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Examples of Revolving Borrowing Capacity in a sentence

  • The proceeds of the Term Loan shall be used solely (a) to pay fees and transaction expenses associated with the closing of this credit facility; and (b) to reduce the Revolving Loan Debt for the purpose of creating availability under the Revolving Borrowing Capacity for use by the Borrowers for working capital, Capital Expenditures and other lawful corporate purposes of the Borrowers and their Subsidiaries in accordance with this Agreement and the Revolving Credit Agreement.

  • The proceeds of the Term Loan shall be used by the Borrowers solely (a) to pay fees and transaction expenses associated with the closing of this credit facility; and (b) to reduce the Revolving Loan Debt to create availability under the Revolving Borrowing Capacity for use by the Borrowers for working capital, Capital Expenditures and other lawful corporate purposes of the Borrowers and their Subsidiaries in accordance with this Agreement and the Revolving Credit Agreement.

  • Furthermore, an integrated GRM established under the project would have special provisions for tracking complaints and suggestions of the poor and vulnerable sections (scheduled castes, scheduled tribes, and women).

  • The Agent may in its reasonable discretion establish reserves for, INTER ALIA, inadequate payments by the Borrowers of tobacco taxes and sales taxes, such reserves being in addition to any reserves established by the Agent within clause (b)(D) of the definition of Revolving Borrowing Capacity.

  • The proceeds of the Term Loan shall be used solely (a) to pay fees and transaction expenses associated with the closing of this credit facility; and (b) to reduce the Revolving Loan Debt for the purpose of creating availability under the Revolving Borrowing Capacity for use by the Borrowers for working capital and other lawful corporate purposes of the Borrowers and their Subsidiaries in accordance with this Agreement and the Revolving Credit Agreement.

  • Difficult cases would then be transferred to the Barreau for allocation to a lawyer.

  • The Revolving Credit Commitments are subject to early termination under Sections 9.2, 10.2 and 10.3. Each Borrower may borrow up to its Revolving Borrowing Capacity net of the outstanding Revolving Loans and Swing Line Loans to such Borrower.

  • The proceeds of the Term Loan shall be used by the Borrower solely (a) to pay fees and transaction expenses associated with the closing of this credit facility; and (b) to reduce the Revolving Loan Debt to create availability under the Revolving Borrowing Capacity for use by the Borrower for working capital, Capital Expenditures and other lawful corporate purposes of the Borrower and its Subsidiaries in accordance with this Agreement and the Revolving Credit Agreement.

  • The Revolving Borrowing Capacity of each Borrower shall be determined solely and conclusively by the Agent based upon the Borrowing Base Certificate and all other certificates, appraisals and reports of Eligible Accounts and Eligible Inventory delivered by such Borrower to the Agent pursuant to Section 2.10 of the Security Agreement and upon such other information as is available to the Agent.

Related to Revolving Borrowing Capacity

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans of the same Class.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving Loans.

  • Revolving Borrowing means a borrowing consisting of simultaneous Revolving Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Revolving Lenders pursuant to Section 2.01(b).

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Term Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Lenders pursuant to Section 2.01(a).

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term A Lenders pursuant to Section 2.01(a).

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

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

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Term Loan Borrowing means a borrowing consisting of simultaneous Term Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term Loan Lenders pursuant to Section 2.01(a).

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • LIBOR Borrowing means a Borrowing comprised of LIBOR Loans.

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Eurocurrency Borrowing means a Borrowing comprised of Eurocurrency Loans.

  • Euro-Dollar Borrowing has the meaning set forth in Section 1.3.