Revolving Loan Commitment definition

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.

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Revolving Loan Commitment means, for each Lender, the obligation of such Lender to make Revolving Loans and to purchase participations in Letters of Credit and to participate in Swing Line Loans in an aggregate amount not exceeding the amount set forth on Exhibit A to this Agreement opposite its name thereon under the heading “Revolving Loan Commitment” or the signature page of the Assignment Agreement by which it became a Lender, as such amount may be modified from time to time pursuant to the terms of this Agreement or to give effect to any applicable Assignment Agreement.

Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

Examples of Revolving Loan Commitment in a sentence

Subject to and upon the terms and conditions herein set forth, and provided that no Event of Default then exists, the Lender agrees from time to time prior to the Maturity Date to make advances to the Borrower of up to the Revolving Loan Commitment by way of revolving loans (each called a “Revolving Borrowing” and collectively called the “Revolving Borrowings”) as described in this Section 1.2.
The Borrower acknowledges that the aggregate amount available to be drawn on all existing and pending Letters of Credit shall reduce, dollar for dollar, the amount that the Borrowers may draw against the Revolving Loan Commitment.
Subject to and upon the terms and conditions herein set forth, and provided that no Event of Default then exists, the Borrower may request, and the Lender agrees from time to time prior to the Maturity Date to make advances to the Borrower of up to the Revolving Loan Commitment by way of term loans (each called a “Term Loan” and collectively called the “Term Loans”) as described in this Section 1.2.
The fee payable pursuant to this paragraph shall not apply to or be assessed upon any permanent reduction and termination of the Revolving Loan Commitment by Borrowers due to the Revolving Loan Commitments being permanently reduced and terminated as a result of a refinancing of the Revolving Loan Commitments in full prior to the Maturity Date by Agent or an Affiliate of Agent.
Notwithstanding the date of the Note, interest in respect thereof shall be payable only for the periods during which Loans are outstanding, and although the stated principal amount of the Note shall be equal to the Revolving Loan Commitment, the Note shall be enforceable with respect to the Borrower’s obligation to pay principal thereunder (if any) and interest thereon only to the extent of the aggregate unpaid principal amount of the Loans at the time outstanding.

More Definitions of Revolving Loan Commitment

Revolving Loan Commitment means, relative to any Lender, such Lender’s obligation (if any) to make Revolving Loans pursuant to clause (a) of Section 2.1.1.

Revolving Loan Commitment means, as of any date of determination, the aggregate Revolving Loan Commitment Amounts of all Lenders as of such date.

Revolving Loan Commitment means, for each Lender, the amount set forth opposite such Lender’s name in Schedule 2.01, as same may be (x) reduced from time to time or terminated pursuant to Sections 4.02, 4.03 and/or 11, as applicable or (y) adjusted from time to time as a result of assignments to or from such Lender pursuant to Section 2.13 or 13.04(b).

Revolving Loan Commitment is defined in Section 2.1.2.

Revolving Loan Commitment means the commitment of a Lender to make Revolving Loans to Company pursuant to subsection 2.1A(iii), and "REVOLVING LOAN COMMITMENTS" means such commitments of all Lenders in the aggregate.

Revolving Loan Commitment means, for each Lender, the obligation of such Lender to make Revolving Loans not exceeding the amount set forth on Schedule 1 under the caption “Revolving Loan Commitment” (as amended or replaced from time to time) or as set forth in any Assignment Agreement relating to any assignment that has become effective pursuant to Section 12.3, as such amount may be modified from time to time pursuant to the terms hereof.

Revolving Loan Commitment means the several obligations of the Lenders to advance to the Borrowers on or after the Agreement Date, in accordance with their respective Revolving Commitment Ratios, pursuant to the terms of this Agreement, the aggregate amount of up to $175,000,000, as such amount may be reduced from time to time pursuant to the terms of this Agreement or increased pursuant to Section 2.17.