Revolving Borrowing Limit definition

Revolving Borrowing Limit means an amount equal to the lesser of (a) Maximum Revolving Amount or (b) the Borrowing Base.
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Revolving Borrowing Limit means, as of any date of determination, the lesser of (a) the Aggregate Revolving Commitments and (b) the Borrowing Base.
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Revolving Borrowing Limit means, with respect to any Operating Company at any time, the lesser of (a) any Senior Indebtedness Cap applicable to such Operating Company at such time, (b) such Operating Company's Intercompany Loan Balance at such time or (c) the amount equal to:
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Examples of Revolving Borrowing Limit in a sentence

  • Borrowers shall not request any Letter of Credit (and Agent shall not be obligated to issue any Letter of Credit) if, after giving effect thereto, (a) the aggregate undrawn face amount of all issued and outstanding Letters of Credit would exceed the Letter of Credit Sublimit or (b) the Revolving Credit Exposure would exceed the Revolving Borrowing Limit.

  • The Revolving Loan shall not exceed, and the Lenders will not have any obligation to make any Revolving Advance which would result in the Revolving Loan being in excess of, the Adjusted Revolving Borrowing Limit.

  • Subject to the terms and conditions of this Agreement, the Existing Revolving Loans shall remain outstanding as Revolving Loans hereunder and during the Commitment Period, Bank shall make additional Revolving Loan or Revolving Loans to Borrower in such amount or amounts as Borrower may from time to time request, so long as such request would not cause or result in the Revolving Credit Exposure being in excess of the Revolving Borrowing Limit.

  • If at any time the Revolving Loan exceeds the Adjusted Revolving Borrowing Limit, the Borrowers shall immediately eliminate such excess by repaying the Revolving Loan in an amount equal to such excess.

  • If after giving effect to any reduction or termination of Revolving Commitments under this Section 2.06, the Letter of Credit Sublimit or the Swing Line Sublimit exceeds the Revolving Borrowing Limit at such time, the Letter of Credit Sublimit or the Swing Line Sublimit, as the case may be, shall be automatically reduced by the amount of such excess.

  • The sum of (i) Availability and (ii) cash on hand in those Specified Accounts that are being monitored by the Agent on-line and in real-time shall not be less than$4,000,000 at any time; provided, that the Agent may establish from time to time a portion of such amount as a reserve against the Adjusted Revolving Borrowing Limit.

  • Trust Board is also responsible for ensuring that the Trust is free from bullying, harassment, victimisation and discrimination by: • ensuring colleagues are fully aware of their responsibilities and the Trust’s expectations of them with regard to their conduct and practice • enforcing a zero tolerance approach towards discrimination and bullying.


More Definitions of Revolving Borrowing Limit

Revolving Borrowing Limit means the lesser of (a) $8,500,000, and (b) seventy five percent (75%) of the sum (i) Good Accounts Receivable and (ii) Inventory.
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Revolving Borrowing Limit means an amount equal to the lesser of (a) Maximum Revolving Amount or (b) the Borrowing Base. “Revolving Credit Commitment” shall mean the obligation hereunder of the Revolving Loan Lenders, during the Commitment Period, to make
Sample 1

Related to Revolving Borrowing Limit

  • 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).

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

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

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

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

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

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

  • 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.”

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

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

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

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

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

  • 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.

  • 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.

  • Swingline Borrowing means a borrowing of a Swingline Loan pursuant to Section 2.04.

  • 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).

  • 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).

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

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • 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 Credit Loans as defined in Section 2.1.