Revolving Loan B definition

Revolving Loan B means all loans made pursuant to Section 2.2 and any amounts added to the principal balance of Revolving Loan B pursuant to this Agreement.
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Revolving Loan B. “ shall mean the Revolving Loan in the amount of the Revolving Loan B Commitment.
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Revolving Loan B means that certain $11,000,000 maximum amount of revolving loans made by the Revolving Loan B Lenders in favor of the Revolving Loan B Borrowers pursuant to the Revolving Loan B Documentation.
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Examples of Revolving Loan B in a sentence

  • The Revolving Loans shall be evidenced at all times by Revolving Notes executed and delivered by the Borrower, payable to the order of the Bank in a principal amount equal to the dollar amount of the Revolving Loan A Commitment and the Revolving Loan B Commitment as in effect at the execution and delivery of the Notes and being in the form prepared by and acceptable to the Bank (as amended, restated, supplemented or otherwise modified from time to time, the “Revolving Notes”).

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  • The Revolving Loan A Commitment shall terminate on the Revolving Loan A Maturity Date and the Revolving Loan B Commitment shall terminate on the Revolving Loan B Maturity Date.

  • The Borrower shall pay the Un-Used Fee B on the unused portion of the Revolving Loan B Commitment as per the Applicable Margin in accordance with Section 2.4 hereof.

  • Each Notice of Borrowing shall specify (A) the Funding Date (which shall be a Business Day) in respect of the Revolving Loan, (B) the amount of the proposed Revolving Loan, (C) the deposit account number of Borrower with Bank to which the funds are to be directed, and (D) the proposed use of such Revolving Loan.

  • The Borrower shall pay the Un-Used Fee B on the unused portion of the Revolving Loan B Commitment of 15 basis points.

  • The unpaid principal balance of Revolving Loan A and Revolving Loan B shall bear interest at the rate or rates provided in the Revolving Note A and the Revolving Note B and selected by Borrower.

  • The Notice of Borrowing shall specify (A) the Funding Date (which shall be a Business Day) in respect of the Revolving Loan, (B) the amount of the proposed Borrowing, (C) whether the proposed Borrowing will be of Base Rate Loans or Eurodollar Rate Loans, (D) in the case of Eurodollar Rate Loans, the requested Interest Period, and (E) the Borrower's account to which funds are to be disbursed.

  • In the event that the Lenders execute and deliver this First Amendment, the Borrowers shall pay to the Agent for the benefit of each Lender that executes and delivers this First Amendment a non-refundable amendment fee equal to the product of (a) 0.05% (i.e., 5 basis points) multiplied by (b) the Revolving Loan A Commitment or Revolving Loan B Commitment of such Lender as of Monday, November 20, 2000.

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Related to Revolving Loan B

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Revolving Loan Note means a promissory note in the form of Exhibit 2.5-1, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Loans has the meaning set forth in Section 2.1(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

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

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

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