Revolving Loan Credit Limit definition

Revolving Loan Credit Limit set forth in Paragraph 14 of the Credit Agreement is hereby amended to read in its entirety as follows:
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Revolving Loan Credit Limit means $20,000,000.00, as such amount may --------------------------- be increased or decreased by written agreement of the Agent, the Company and one hundred percent (100%) of the Banks.
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Revolving Loan Credit Limit means $15,000,000.00, as --------------------------- such amount may be increased or decreased by written agreement of the Agent, the Company and one hunder percent (100%) of the Banks."
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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.


More Definitions of Revolving Loan Credit Limit

Revolving Loan Credit Limit means the sum of the Maximum --------------------------- Commitments of all the Lenders, with the Revolving Loan Credit Limit on the Effective Date being $12,000,000.00; provided, however, that the Revolving Loan Credit Limit may be increased pursuant to Paragraph 11(h) or 11(k) above up to a maximum of $20,000,000.00 in the event any Lender or Lenders agree with the Company and the Administrative Agent to increase such Lender's or Lenders' Maximum Commitments and/or through the inclusion as a "Lender" hereunder of an Applicant Financial Institution approved by the Company and the Administrative Agent.
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Revolving Loan Credit Limit means Five Million Dollars ($5,000,000.00).
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Related to Revolving Loan Credit Limit

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

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

  • 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 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.

  • 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.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

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

  • 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 Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Credit Advances means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

  • 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.

  • 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).

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • 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.

  • 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 Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

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

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

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit C-2 hereto, evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the Borrower.