Revolving Facility Maximum Amount definition

Revolving Facility Maximum Amount. $110,000,000.
Sample 1
Revolving Facility Maximum Amount means (i) Fifty-Five Million Dollars ($55,000,000) for the period up to and including December 31, 2012, (ii) Fifty Million Dollars ($50,000,000) for the period up to and including January 31, 2013 and (iii) Fifty Million Seven Hundred and Twelve Thousand One Hundred and Eighty Three Dollars ($50,712,183) at all times on and after February 1, 2013; during any period set out in (i) through (iii) of this definition Advances may be made on the Swingline a sub-limit of $7,000,000 (with a Canadian Dollar Swingline sub-limit of $2,000,000);”
Sample 1
Revolving Facility Maximum Amount means Fifty Million Dollars ($50,000,000) and as to Advances on the Swingline a sub-limit of $7,000,000 (with a Canadian Dollar Swingline sub-limit of $2,000,000) provided that the Borrower may request an increase of the Revolving Facility Maximum Amount to Fifty Five Million Dollars ($55,000,000) provided no Lender, including M&T Bank, as Lender, will be required to participate in the increase in the Revolving Facility Maximum Amount and to increase their commitment and accordingly the increase will be subject to the receipt of commitments to provide the increase in their commitment by the Lenders and the increase in the Revolving Facility Maximum Amount will be equal to the aggregate of the increased commitments received from the Lenders. The ability to increase the Revolving Facility Maximum Amount will be subject to (i) the requirement that no Event of Default or default exists at the time of the increase or would exist after giving effect thereto (ii) the requirement that all covenants of the Borrower set out in Article 5.03 of the Credit Agreement would be satisfied on a pro forma basis on the proposed date of the increase to the Revolving Facility Maximum Amount and for the most recent applicable determination period, after giving effect to such increase to the Revolving Facility Maximum Amount, and (iii) the requirement that the terms and conditions of this Agreement remain in full force and effect including the Maturity Date;
Sample 1

Examples of Revolving Facility Maximum Amount in a sentence

  • Except as expressly set out in this Agreement, at no time shall the maximum amount of the Revolving Facility Loans available hereunder exceed the Revolving Facility Maximum Amount.

  • Upon the Amendment No. 3 Effective Date, the Incremental Revolving Facility Maximum Amount is $0.

  • For greater certainty, the Borrower shall be entitled to obtain Advances under the Revolving Facility from time to time and repay all or any portion of the Outstanding Advances under the Revolving Facility from time to time; provided that the Outstanding Advances under the Revolving Facility shall not at any time exceed the lesser of the (i) Revolving Facility Maximum Amount and (ii) Revolving Facility Margin Limit in effect at such time.

  • The parties agree and acknowledge that (a) the increase in the Revolving Facility pursuant to this Amendment constitutes an Incremental Revolving Facility pursuant to Section 2.17 of the Credit Agreement, and (b) the Incremental Revolving Facility Maximum Amount and Incremental Term Facility Maximum Amount are fully utilized and no longer remain available to the Borrower as of the date hereof.


More Definitions of Revolving Facility Maximum Amount

Revolving Facility Maximum Amount means, at any time, the lesser of (a) the Revolving Facility Commitment Amount at such time, and (b) the Borrowing Base as set forth in the most recently delivered Borrowing Base Certificate.
Sample 1
Revolving Facility Maximum Amount means, at any time, the lesser of the Revolving Facility Commitment and the amount of the Borrowing Base.
Sample 1
Revolving Facility Maximum Amount means (i) Fifty-Five Million Dollars ($55,000,000) for the period up to and including December 31, 2012 and (ii) Fifty Million Dollars ($50,000,000) at all times on or after January 1, 2013; during any period set out in (i) through (iv) of this definition Advances may be made on the Swingline a sub-limit of $7,000,000 (with a Canadian Dollar Swingline sub-limit of $2,000,000);”
Sample 1

Related to Revolving Facility Maximum Amount

  • Revolving Facility Usage means at any time the sum of the outstanding Revolving Credit Loans, the outstanding Swing Loans, and the Letter of Credit Obligations.

  • Revolving Facility Exposure means, for any Lender at any time, the sum of (i) the principal amount of Revolving Loans made by such Lender and outstanding at such time, and (ii) such Lender’s share of the LC Outstandings at such time.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • Revolving Facility Percentage means, with respect to any Revolving Facility Lender of any Class, the percentage of the total Revolving Facility Commitments of such Class represented by such Lender’s Revolving Facility Commitment of such Class. If the Revolving Facility Commitments of such Class have terminated or expired, the Revolving Facility Percentages of such Class shall be determined based upon the Revolving Facility Commitments of such Class most recently in effect, giving effect to any assignments pursuant to Section 9.04.

  • 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.

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

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

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Revolving Facilities means collectively the Initial Revolving Facility and each New Revolving Facility and “Revolving Facility” means any such facility individually.

  • Aggregate Revolving Committed Amount means the aggregate amount of Revolving Commitments in effect from time to time, being initially ONE HUNDRED FIFTY MILLION DOLLARS ($150,000,000).

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

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

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • 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 Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • 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.