Revolving Loans Commitment definition

Revolving Loans Commitment means the commitment of the Banks to Advance Revolving Loans to the Borrower from time to time as provided in Section 2.1 in the aggregate amount of $7,500,000.00.

Revolving Loans Commitment in Section 1.1 of the Credit Agreement is amended and restated in its entirety to read as follows:

Revolving Loans Commitment means, as to any Lender, the obligation of such Lender to make or continue Revolving Loans hereunder in an aggregate principal amount up to but not exceeding the amount set forth opposite the name of such Lender on the signature pages hereto under the heading "Revolving Loans Commitment" or, if such Lender is a party to an Assignment and Acceptance, the amount of the "Revolving Loans Commitment" set forth in the most recent Assignment and Acceptance of such Lender, as the same may be reduced or terminated pursuant to Section 2.13 or 11.2, and "Revolving Loans Commitments" means such obligations of all Lenders. As of the Closing Date, the aggregate principal amount of the Revolving Loans Commitments is $15,000,000.

Examples of Revolving Loans Commitment in a sentence

• One Revolving Note shall be payable to the order of each Bank in a principal amount equal to such Bank's Revolving Loans Commitment or, if different, the outstanding amount of all Revolving Loans made (or held) by such Bank, plus interest accrued thereon, as set forth below.

• On each date a Revolving Loans Commitment reduction is required pursuant to Section 2.6(d), the Revolving Loan Commitments shall, without any further action, automatically and permanently be reduced by such amount.

• Upon receipt of each such fee, the Agent, Bank One shall disburse the fee to each Revolver Lender, including Bank One, pro rata in accordance with each Revolver Lender's Revolving Loans Commitment Percentage.

• We recognise that staff working in the school who have become involved with a child who has suffered harm, or appears to be likely to suffer harm, may find the situation stressful and upsetting.

• As used herein, the term "Unused Revolving Loans Commitment" means, for each day a determination thereof is to be made, the positive excess, if any, which results by subtracting from the Maximum Availability at the close of such day the sum of the outstanding aggregate principal amount of the Revolving Loans at the close of such day plus the Letter of Credit Exposure at the close of such day.

More Definitions of Revolving Loans Commitment

Revolving Loans Commitment means, at any time with respect to a Lender, the principal amount set forth beside such Lender's name under the heading "Revolving Loans Commitment" on Schedule 1.2 attached to the Agreement or, if different, on the signature page of the most recent Assignment and Acceptance to which such Lender is a party, as such Revolving Loans Commitment may be adjusted from time to time in accordance with the provisions of Section 11.1 and Section 11.2, and "Revolving Loans Commitments" means, collectively, the aggregate amount of the Revolving Loans Commitments of all of the Lenders.

Revolving Loans Commitment means the commitment of the Banks to permit the Revolving Loans to remain outstanding in the aggregate amount not to exceed (i) from the effective date of the Eleventh Amendment until the earlier of November 1, 2001 or the date of receipt by Agent of the Minimum Required Paydown, Four Million Four Hundred Thousand Dollars ($4,400,000); and (ii) if the Minimum Required Paydown is paid to Agent for the ratable benefit of the Banks on or before November 1, 2001, from November 2, 2001 to January 30, 2002, Four Million Four Hundred Thousand Dollars ($4,400,000); and (iii) in the event the Minimum Required Paydown is not received by Agent on or before November 1, 2001, 7 or, in any event, on January 31, 2002, Zero Dollars ($0); provided, however, notwithstanding any provision of this Agreement or the Revolving Note to the contrary, Banks shall not make any further Advance after the effective date of the Tenth Amendment.

Revolving Loans Commitment means the commitment of the Banks to Advance Revolving Loans and Swing Loans to the Borrower or to issue Letters of Credit for the account of the Borrower from time to time as provided in Section 2.1 in the aggregate amounts as follows: On and after Aggregate Commitment December 31, 1999 $35,000,000.00 January 10, 2000 $34,000,000.00 February 1, 2000 $33,000,000.00 March 1, 2000 $32,000,000.00

Revolving Loans Commitment in SECTION 1.1 of the Credit Agreement is amended by deleting $11,000,000 and inserting in its place "$21,000,000."

Revolving Loans Commitment means the commitment of the Banks to Advance Revolving Loans to the Borrower from time to time in the aggregate amount of $11,000,000.00 as provided in SECTION 2.1 as the same may be adjusted or terminated pursuant to SECTIONS 2.5 AND 6.2 or as otherwise provided in this Agreement.

Revolving Loans Commitment has the meaning set forth in Section 2.1 hereof.

Revolving Loans Commitment means, as to any Lender, the obligation (if -------------------------- any) of such Lender to make or continue Revolving Loans hereunder in an aggregate principal amount up to but not exceeding the amount set forth opposite the name of such Lender on the signature pages hereto under the heading "Revolving Loans Commitment" or, if such Lender is a party to an Assignment and Acceptance, the amount of the "Revolving Loans Commitment" set forth in the most recent Assignment and Acceptance of such Lender, as the same may be reduced or terminated pursuant to Section 2.13 or 11.2, and "Revolving Loans Commitments" ------------ ---- --------------------------- means such obligations of all Lenders. As of the Closing Date, the aggregate principal amount of the Revolving Loans Commitments is $10,000,000.