Revolving Credit Limit definition

Revolving Credit Limit has the meaning set forth in the Schedule.

Revolving Credit Limit means, as of any date of determination, the aggregate amount of the Revolving Credit Commitments as of such date.

Revolving Credit Limit means the lesser of (a) the Revolving Committed Amount and (b) the Borrowing Base.

Examples of Revolving Credit Limit in a sentence

• Borrower acknowledges and agrees that on and after the Effective Date of this Amendment the Facility Fee shall be calculated based on the Revolving Credit Limit as amended by the terms hereof.

• As a condition precedent to the effectiveness of this Amendment and specifically Lender’s increase of the Revolving Credit Limit, on or before the date of this Amendment Borrower shall execute and deliver to Lender an Amended and Restated Revolving Credit Note in form and content acceptable to Lender in Lender’s sole discretion.

• If, on any day, the Total Utilization of Revolving Credit Commitments exceeds the Revolving Credit Limit then in effect the Borrower shall prepay on such day the principal of Revolving Loans in an amount equal to such excess.

• In the event that such borrowing would cause the total Revolving Exposure to exceed the Revolving Credit Limit, the Borrowers agree that such event shall be an Event of Default unless the Borrowers shall, within two (2) Business Days after notice of such excess from the Administrative Agent, pay cash to the Administrative Agent in such amount as shall be necessary to eliminate such excess.

• The Borrowers shall from time to time prepay first, the Swing Line Loans, and second, the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Credit Commitments shall not at any time exceed the Revolving Credit Limit then in effect (other than to the extent such excess is due to currency fluctuations, which shall be governed by Section 2.28).

More Definitions of Revolving Credit Limit

Revolving Credit Limit means the amount of Sixty-Five Million Dollars ($65,000,000) for the period commencing August 28, 1998 until the last day of the Contract Term.

Revolving Credit Limit has the meaning specified in Section 3.01.

Revolving Credit Limit means the sum of $8,000,000.

Revolving Credit Limit means $10,000,000.

Revolving Credit Limit means $10,000,000, as such amount may be increased or decreased by written agreement of the Agent, the Borrower and on hundred percent (100%) of the Lenders."

Revolving Credit Limit means, at any time, the lesser of (i) the Revolving Commitment at such time and (ii) (A) the Borrowing Base at such time minus (B) the aggregate outstanding principal amount of the Facility 1 Term Loans at such time.

Revolving Credit Limit means the Credit Facility established under this Agreement in an aggregate principal amount outstanding at any one time not to exceed $10,000,000, subject to the terms and conditions of this Agreement, or such lesser or greater amount as shall be agreed upon from time to time in writing by Lender and Borrower.