Revolving Loan Cap definition

Revolving Loan Cap means, at any time of determination, the lesser of (a) the Aggregate Revolving Commitments or (b) the Borrowing Base.

Revolving Loan Cap means, at any time of determination, the lesser of (a) the aggregate Revolving Commitments or (b) (x) the then applicable LTV Percentage of the Realizable Orderly Liquidation Value of registered Trademarks of the Loan Parties, minus (y) the sum of (A) $100,000,000 plus (B) any additional amounts advanced as a Term Loan pursuant to Sections 2.14 or 6.17 hereof.

Revolving Loan Cap means at any time of determination, the lesser of (a) the Revolving Commitments or (b) the Combined Revolving Borrowing Base.

Examples of Revolving Loan Cap in a sentence

• Such request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Revolving Loan Cap and the conditions set forth in Section 4.02.

• Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Revolving Loans, but subject to the unutilized portion of the Revolving Loan Cap and the conditions set forth in Section 4.02.

• Permit Availability at any time to be less than the greater of (a) $7.5 million and (b) 7.5% of the Modified Revolving Loan Cap.

• After giving effect to the transactions contemplated hereby and the Term Loan to be made on the Effective Date, Excess Availability shall be not less than thirty-five percent (35%) of the Revolving Loan Cap (as defined in the ABL Credit Agreement).

• In such event, the Borrowers shall be deemed to have requested a Committed Revolving Loan Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Loan Cap and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice).

More Definitions of Revolving Loan Cap

Revolving Loan Cap means, at any time of determination, the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount.

Revolving Loan Cap means the maximum principal amount of permitted loans by a Lender to a Borrower. The maximum principal amount of Loans hereunder to GLIC at any time may not exceed Five Million Dollars ($5,000,000.00), and the maximum principal amount of Loans hereunder to CSLAC at any time may not exceed Five Million Dollars ($5,000,000.00).

Revolving Loan Cap means, as of any date of determination, the lesser of (i) the Aggregate Revolving Commitment as in effect on the date of this Agreement and as the same may from time to time be reduced or increased pursuant to the terms hereof less the Availability Block or (ii) the Borrowing Base.

Revolving Loan Cap means the amount of the Company's and its subsidiaries' collections for the prior 90 days on a worldwide basis (which shall exclude collections against assets pledged to any party other than CIT).

Revolving Loan Cap means (a) the greater of (i) the sum of (A) $450,000,000 and (B) the Incremental Cap and (ii) the sum of (A) 50% of the book value of the inventory of the Borrower and its Restricted Subsidiaries (as defined in the Term Loan Agreement) and (B) 75% of the accounts receivable of the Borrower and its Restricted Subsidiaries, minus (b) any amounts Incurred (as defined in the Term Loan Agreement) and outstanding pursuant to a Qualified Receivables Transaction (as defined in the Term Loan Agreement on the Amendment No. 6 Effective Date (as defined in the Term Loan Agreement)) permitted under Section 7.02(b)(xvi) of the Term Loan Agreement as in effect on the Amendment No. 6 Effective Date (as defined in the Term Loan Agreement).”;

Revolving Loan Cap means, at any time of determination, the lesser of (a) the Adjusted Aggregate Revolving Loan Commitments or (b) the Revolving Loan Borrowing Base. “Revolving Loan Commitment” means, with respect to each Revolving Loan Lender, the aggregate commitment of such Revolving Loan Lender to make Revolving Loans and participate in Letters of Credit and Swingline Loans hereunder in the amount set forth opposite its name under the heading “Revolving Loan Commitment” on Schedule 1.1 hereto or as may subsequently be set forth in the Register from time to time, as the same may be (i) be reduced from time to time pursuant to Section 2.17 or (ii) increased from time to time pursuant to Section 2.02 hereof. “Revolving Loan Commitment Increase” has the meaning provided therefor in Section 2.02(a). “Revolving Loan Commitment Increase Date” has the meaning provided therefor in Section 2.02(c). “Revolving Loan Commitment Percentage” means, with respect to each Revolving Loan Lender, that percentage of the Aggregate Revolving Loan Commitments in the amount set forth opposite its name on Schedule 1.1 hereto or as may subsequently be set forth in the Register from time to time, as the same may be (i) reduced from time to time pursuant to Section 2.17 or (ii) increased from time to time pursuant to Section 2.02 hereof. “Revolving Loan Lender” means each Lender having a Revolving Loan Commitment as set forth on Schedule 1.1 hereto or in the Assignment and Acceptance by which such Person becomes a Revolving Loan Lender. “Revolving Loans” means all Loans at any time made by a Lender pursuant to Section 2.01(a). “Revolving Priority Collateral” means all now owned or hereafter acquired Collateral and Real Estate Collateral, other than Term Loan Priority Collateral. “Sanctioned Entity” means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled by a country or its government, or (d) a Person resident in or determined to be resident in a country, in each case 43

Revolving Loan Cap means, at any time of determination, the “Loan Cap” under and as defined in the Revolving Credit Agreement, as in effect on the date hereof.