Revolving Indebtedness definition

Revolving Indebtedness means, collectively, all obligations of the Borrower to the Revolving Lenders and the Revolving Administrative Agent under the Revolving Credit Facility and the other Loan Documents (as defined in the Existing Revolving Credit Agreement), including in each case in respect of the principal of and interest on the loans made thereunder, and all fees, indemnification payments and other amounts whatsoever, whether direct or indirect, absolute or contingent, now or hereafter from time to time owing to the Revolving Administrative Agent or the Revolving Lenders or any of them under or in respect of the Existing Revolving Credit Agreement and the other Loan Documents (as defined in the Existing Revolving Credit Agreement), and including all interest and expenses accrued or incurred subsequent to the commencement of any bankruptcy or insolvency proceeding with respect to the Borrower, whether or not such interest or expenses are allowed as a claim in such proceeding.

Revolving Indebtedness means all Indebtedness and other “Obligations” (as defined in the Revolving Credit Agreement) incurred by the “Administrative Borrower ” (as defined in the Revolving Credit Agreement) and its Subsidiaries under the Revolving Indebtedness Documents from time to time.

Revolving Indebtedness means Indebtedness incurred by the Parent or any of its Subsidiaries owing under the Revolving Credit Agreement and the other Revolving Loan Documents.

Examples of Revolving Indebtedness in a sentence

• The Borrower will not nor will it permit any of its Subsidiaries to, create, incur, assume or permit to exist any Indebtedness, except Indebtedness created hereunder or under any other Loan Document; provided that until the Termination Date there shall be no Revolving Indebtedness outstanding.

• Section 7.02(a) – Revolving Indebtedness of Gilead Ireland [if applicable] A.

• The foregoing provisions are intended as an inducement to the secured parties under the ABL Credit Agreement (or in respect of other Permitted Revolving Indebtedness) to extend credit to the Company and such secured parties are intended third party beneficiaries of such provisions.

• Each Lender acknowledges and agrees that Jefferies or one or more of its Affiliates may (but is not obligated to) act as administrative agent, collateral agent or a similar representative for the holders of any Permitted Revolving Indebtedness, Permitted Credit Agreement Refinancing Indebtedness and any Permitted Incremental Equivalent/Ratio Indebtedness and, in such capacities, may be a party to any Permitted Intercreditor Agreement.

• The provisions of this Section 10.24 are intended as an inducement to the secured parties under the ABL Credit Agreement or under any other Permitted Revolving Indebtedness or any Permitted Credit Agreement Refinancing Indebtedness, Permitted Incremental Equivalent/Ratio Indebtedness or Permitted General Lien Indebtedness to extend credit to the Borrower thereunder and such secured parties are intended third party beneficiaries of such provisions.

More Definitions of Revolving Indebtedness

Revolving Indebtedness means, collectively, all obligations of the Borrower to the Revolving Lenders and the Revolving Administrative Agent under the Revolving Credit Facility and the other Loan Documents (as defined in the Revolving Credit Agreement), including in each case in respect of the principal of and interest on the loans made thereunder, and all fees, indemnification payments and other amounts whatsoever, whether direct or indirect, absolute or contingent, now or hereafter from time to time owing to the Revolving Administrative Agent or the Revolving Lenders or any of them under or in respect of the Revolving Credit Agreement and the other Loan Documents (as defined in the Revolving Credit Agreement), and including all interest and expenses accrued or incurred subsequent to the commencement of any bankruptcy or insolvency proceeding with respect to the Borrower, whether or not such interest or expenses are allowed as a claim in such proceeding.

Revolving Indebtedness means (i) the Revolving Loan Facility and (ii) any revolving Indebtedness of any Company under any Other Loan Agreement.

Revolving Indebtedness means, collectively, all obligations of the Borrower to the Revolving Lenders and the Revolving Administrative Agent under the Revolving Credit Agreement and the other Revolving Loan Documents, including in each case in respect of the principal of and interest on the loans made thereunder, and all fees, indemnification payments and other amounts whatsoever, whether direct or indirect, absolute or contingent, now or hereafter from time to time owing to the Revolving Administrative Agent or the Revolving Lenders or any of them under or in respect of the other Revolving Loan Documents, and including all interest and expenses accrued or incurred subsequent to the commencement of any bankruptcy or insolvency proceeding with respect to the Borrower, whether or not such interest or expenses are allowed as a claim in such proceeding.

Revolving Indebtedness means indebtedness incurred in the Ordinary Course of Business in respect of the Companies’ revolving credit facilities with Transportation Alliance Bank, Inc. and Wells Fargo Bank.

Revolving Indebtedness means indebtedness incurred in the Ordinary Course of Business in respect of the Companies’ revolving credit facilities with Transportation Alliance Bank, Inc. and Xxxxx Fargo Bank.

Revolving Indebtedness means, collectively, all obligations of the Borrower to the Revolving Lenders and the Revolving Administrative

Revolving Indebtedness means Indebtedness in favor of other Lenders, subject to a formula-based, borrowing base calculation comprised of cash, accounts receivable and Inventory, including but not limited to the BHO Indebtedness, not to exceed the aggregate principal amount of (i) Twenty Million Dollars ($20,000,000) prior to June 30, 2022 and (ii) Forty Million Dollars ($40,000,000) after June 30, 2022, if Parent has achieved Market Cap Threshold 1 during the 30-day period preceding any such increase and such Market Cap Threshold 1 continues to be satisfied at all times thereafter; provided, however, that, (x) from and after April 1, 2022 such Revolving Indebtedness may equal an aggregate principal amount of Twenty-Five Million Dollars ($25,000,000), if Parent has achieved Market Cap Threshold 2 during the 30-day period preceding any such increase and such Market Cap Threshold 2 continues to be satisfied at all times thereafter (but this clause (x) shall not limit the Indebtedness otherwise allowed by clause (ii) to the extent the conditions of clause (ii) are satisfied); and (y) subject to the preceding limitations (in clauses (i), (ii) and (x), above), Parent shall have the ability to establish New Revolvers.