Revolving Loan Event of Default definition

Revolving Loan Event of Default means any “Event of Default” as defined in the Revolving Loan Agreement.
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Revolving Loan Event of Default means any of the events or circumstances specified in Section 12.1.
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Revolving Loan Event of Default means any "Event of Default" as defined in the Revolving Loan Credit Agreement.
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Examples of Revolving Loan Event of Default in a sentence

  • Upon (a) the occurrence and continuance of any Revolving Loan Event of Default or (b) an Insolvency Event, the Merger Loan Secured Parties shall have the option by delivery of notice to the Revolving Loan Lender (a “Purchase Notice”), to purchase at par in a cash amount sufficient to result in the payment in full of all (but not less than all) of the Revolving Loan Debt.

  • No Revolving Loan Default or Revolving Loan Event of Default exists or would result from the incurring of any Obligations by the Company.

  • Notwithstanding anything otherwise provided in this Section, as long as no Revolving Loan Event of Default or Revolving Loan Default has occurred or is continuing, the Company shall not be required to reimburse the Administrative Agent or any Revolving Lender for appraisals or Collateral reviews relating to the Company or any of its Subsidiaries, more frequently than once each fiscal year.

  • Each party hereto acknowledges that the Revolving Loan Credit Agreement contains provisions relating to the Borrower’s obligation, upon the occurrence of a Revolving Loan Event of Default, to provide cash collateral in respect of the L/C Exposure thereunder at such time.

  • No Revolving Loan Default or Revolving Loan Event of Default shall exist or shall result from such Borrowing or continuation or conversion.

  • Such notice having been given as required by (ii) or (iii) above, any subsequent Claim made shall be deemed to have been made during the Period of Insurance.

  • As long as no Revolving Loan Event of Default or Revolving Loan Default has occurred and is continuing, the Administrative Agent shall give advance notice of any intent to visit a premises, and all such visits shall be during normal business hours and made in such a way as to interfere as little as possible with the conduct of the Company's or its Subsidiaries' businesses.

  • On the date of each Borrowing or the issuance of each Letter of Credit, no Revolving Loan Event of Default or Revolving Loan Default shall have occurred and be continuing.

Related to Revolving Loan Event of Default

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Term Loan A Maturity Date means the earliest of (a) May 24, 2012, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Revolving Loan Maturity Date means April 15, 2012, unless extended by Lender pursuant to any modification, extension or renewal note executed by Borrowers and accepted by Lender in its sole and absolute discretion in substitution for the Revolving Note.

  • 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).

  • Term Loan B Maturity Date means the earliest of (a) May 24, 2014, or (b) such earlier date upon which the Outstanding Amounts under the Term Loan Facility, including all accrued and unpaid interest, are required to be paid in full in accordance with the terms hereof.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Agreement, dated as of the Closing Date, by and among Revolving Agent, the Credit Parties party thereto, the lenders from time to time party thereto, as amended, restated, supplemented and/or modified to the extent permitted by the terms of the Intercreditor Agreement. ​

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Loan Commitment Termination Date means the earliest of

  • 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 Facility Maturity Date means, as the context may require, (a) with respect to the Revolving Facility in effect on the Closing Date, the fifth anniversary of the Closing Date and (b) with respect to any other Classes of Revolving Facility Commitments, the maturity dates specified therefor in the applicable Extension Amendment or Refinancing Amendment.

  • Additional Refinancing Lender has the meaning set forth in Section 2.15(a).

  • Tranche B Term Loan Maturity Date means April 9, 2020 (or if such date is not a Business Day, the immediately preceding Business Day) or such earlier date as may result from the operation of Section 2.08(b), if applicable.

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Term Loan Extension Request has the meaning set forth in Section 2.16(a).

  • Swing Loan Maturity Date means, with respect to any Swing Loan, the earlier of (i) the last day of the period for such Swing Loan as established by the Swing Line Lender and agreed to by the Borrower, which shall be less than seven (7) Business Days, and (ii) the Revolving Facility Termination Date.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

  • Term A Loan Maturity Date means July 18, 2024 or, if such date is not a Business Day, the immediately preceding Business Day.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • 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.

  • Term Loan Maturity Date means the Initial Maturity Date, or, if such date has been extended pursuant to Section 2.15, such later date to which the Term Loan Maturity Date has been extended pursuant to Section 2.15.

  • Tranche A Term Loan Maturity Date means October 20, 2015.

  • Refinancing Revolving Loans has the meaning assigned to such term in Section 2.26(a).

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