Revolving Line Commitment definition

Revolving Line Commitment is, for any Lender, the obligation of such Lender to make a Revolving Advance, up to the principal amount shown on Schedule 1.1. “Revolving Line Commitments” means the aggregate amount of such commitments of all Lenders.

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Revolving Line Commitment means, for any Lender, the obligation of such Lender to make Advances in accordance with and subject to Section 2.1.1 of this Agreement. “Revolving Line Commitments” means the aggregate amount of such commitments of all Lenders.

Revolving Line Commitment means, for any Lender, the obligation of such Lender to make Advances in accordance with and subject to Section 2.1.1 and Section 2.9 of this Agreement. “Revolving Line Commitments” means the aggregate amount of such commitments of all Lenders.

Examples of Revolving Line Commitment in a sentence

• Bank, on behalf of Collateral Agent and Lenders, shall credit Revolving Advances to the Designated Deposit Account and such Revolving Advances shall be deemed to be Revolving Advances by each of the Lenders in the amount of their respective Revolving Line Commitment Percentages.

• Subject to the terms and conditions of this Agreement and to deduction of Reserves, the Lenders agree, severally and not jointly, (to lend to Borrower from time to time prior to the Revolving Line Maturity Date, according to each Lender’s pro rata share of the Revolving Line (based upon the respective Revolving Line Commitment Percentage of each Lender), Revolving Advances not to exceed the Availability Amount.

• No amendment or modification shall, unless in writing and signed by all Lenders holding a Revolving Line Commitment, amend or modify the definitions of “Borrowing Base” and “Availability Amount”, amend, modify or waive the conditions precedent set forth in Section 3.2 and/or Section 3.3 applicable to the Revolving Line, or amend modify or waive any other provision having the effect of increasing the Availability Amount.

• Subject to the terms and conditions of this Agreement, the Lenders agree, severally and not jointly, to make Advances to Borrower according to each Lender’s Revolving Line Commitment as set forth on Schedule 1 hereto, in an aggregate amount not exceeding, at any time outstanding, the Availability Amount.

• If so requested by any Lender by written notice to Borrower (with a copy to the Agent), Borrower shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender pursuant to Section 13.2), promptly after Borrower’s receipt of such notice a Note or Notes to evidence such Lender’s Revolving Line Commitment and/or Term Loan, as applicable.

More Definitions of Revolving Line Commitment

Revolving Line Commitment means, in the case of each Lender that is a Lender on the date hereof, the amount set forth opposite such L▇▇▇▇▇’s name on Schedule I as such Lender’s “Revolving Line Commitment”.

Revolving Line Commitment means the principal amount made available by each Noteholder to the Borrower in respect of Revolving Advances pursuant to the terms hereof, in an amount up to the principal amount set forth on Schedule 1.1(a).

Revolving Line Commitment means, in the case of each Lender that is a Lender on the date hereof, the amount set forth opposite such Lender’s name on Schedule I as such Lender’s “Revolving Line Commitment”.

Revolving Line Commitment is, as to any Lender, the obligation of such Lender, if any, to make Advances and to participate in Letters of Credit in an aggregate principal amount not to exceed the amount set forth under the heading “Revolving Line Commitment” opposite such Lender’s name on Schedule A or in the assignment or joinder agreement to which such Lender becomes a party hereto, as the amount of any such obligation may be adjusted from time to time pursuant to the terms hereof (including in connection with assignments permitted hereunder). The Letter of Credit Commitment is a sublimit of the Revolving Line Commitment.

Revolving Line Commitment means $15,000,000.00, subject to reduction pursuant to Section 2.7 hereof.

Revolving Line Commitment means $9,000,000.00.

Revolving Line Commitment has the meaning set forth in Section 4.01.