Examples of Revolving Loan Credit Limit in a sentence
In addition, on the first Business Day of each June, September, December, and March, beginning June 1, 2000, Borrower shall pay to Bank in arrears a commitment fee equal to the Revolving Loan Fee Margin per annum multiplied by the difference between the Revolving Loan Credit Limit and the average daily outstanding principal balance of the Revolving Note during such quarter.
In addition, on the first Business Day of each June, September, December, and March, beginning June 1, 2000, and continuing through and on the Conversion Date, Borrower shall pay to Bank in arrears a commitment fee equal to the Converting Loan Fee Margin per annum multiplied by the difference between the Revolving Loan Credit Limit and the average daily outstanding principal balance of the Revolving Note during such quarter.
Subject to the terms and conditions of this Agreement, Bank shall make Revolving Loan Advances to Borrower from time to time, until the Termination Date ("Revolving Loan"), with the aggregate principal amount at any one time outstanding not to exceed the Revolving Loan Credit Limit, less the principal amount of all Letters of Credit outstanding.
The Administrative Agent shall promptly notify the Lenders in writing of such termination or reduction of the Revolving Loan Credit Limit and of each Lender's new Maximum Commitment.
On the Term Loan Maturity Date (as defined below), provided no Default or Event of Default exists, the Term Loan shall convert to a Revolving Loan (but only to the extent of the Revolving Loan Credit Limit, as set forth below).
Subject to the terms and conditions of this Agreement, Bank shall make Revolving Loan Advances to Borrower from time to time, until the Termination Date ("Revolving Loan"), with the aggregate principal amount at any one time outstanding not to exceed the Revolving Loan Credit Limit.
The Company shall have the right, upon not less than thirty (30) Business Days' written notice to the Administrative Agent, to permanently terminate in whole or from time to time permanently reduce in part the unused portion of the Revolving Loan Credit Limit; provided, however, that any partial reduction shall be in the amount of $500,000.00 or an integral multiple thereof.
Concurrently with and following the conversion of the Term Loan to a Revolving Loan, Borrower shall be entitled to borrow, repay and reborrow additional Revolving Loans to the extent of the Revolving Loan Credit Limit set forth below.
On the last Business Day of each June, September, December, and March, beginning June 30, 1999, Borrower shall pay to Bank in arrears a commitment fee equal to 0.25% per annum of the difference between the Revolving Loan Credit Limit and the average daily outstanding principal balance of the Revolving Note during such calendar quarter.
If, on the Term Loan Maturity Date, the principal amount of the outstanding Term Loan exceeds the Revolving Loan Credit Limit, Borrower shall repay the Term Loan in an amount equal to such excess.