Revolving Line definition

Revolving Line is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000).

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Revolving Line is an Advance or Advances in an amount equal to Twenty-Five Million Dollars ($25,000,000).

Revolving Line means a credit extension of up to Five Million Dollars ($5,000,000).

Examples of Revolving Line in a sentence

If, at any time, the sum of the aggregate outstanding principal amount of any Advances, exceeds the lesser of (a) the Revolving Line or (b) the Borrowing Base, Borrower shall immediately pay to Bank in cash the amount of such excess (such excess, the “Overadvance”).
Amounts borrowed under the Revolving Line may be prepaid or repaid as set forth on Schedule I hereto.
Borrower fails to (a) make any payment of principal or interest on any Credit Extension on its due date, or (b) pay any other Obligations within three (3) Business Days after such Obligations are due and payable (which three (3) Business Day cure period shall not apply to payments due on the Revolving Line Maturity Date or Term Loan B Maturity Date).
Non-refundable anniversary fees, each equal to Twenty-Five Thousand Dollars ($25,000), fully earned as of the Second Amendment Effective Date, and shall be due and payable to Bank on (i) September 19, 2026, (ii) September 19, 2027, and (iii) any other annual anniversary of the Second Amendment Effective Date occurring prior to the Revolving Line Maturity Date (each an “Anniversary Fee” and collectively, “Anniversary Fees”).
The Revolving Line terminates on the Revolving Line Maturity Date, when the outstanding principal amount of all Advances, the accrued and unpaid interest thereon, and all other outstanding Obligations relating to the Revolving Line shall be immediately due and payable.

Revolving Line is an Advance or Advances in an amount equal to Five Million Dollars ($5,000,000).

Revolving Line is an aggregate principal amount equal to Twenty Million Dollars ($20,000,000).

Revolving Line means a credit extension of up to Three Million Dollars ($3,000,000).

Revolving Line is an aggregate principal amount equal to Ten Million Dollars ($10,000,000).

Revolving Line means a credit extension of up to Ten Million Dollars ($10,000,000).

Revolving Line is an Advance or Advances in an amount equal to Fifteen Million Dollars ($15,000,000).

Revolving Line means a credit extension of up to Fifteen Million Dollars ($15,000,000).