Revolving Maximum Amount definition

Revolving Maximum Amount means, as of any date of determination, an amount equal to the Revolving Loan Commitment of all Lenders as of that date.

Revolving Maximum Amount means, as of any date of determination, an amount equal to the result of:

Revolving Maximum Amount means, as of any date of determination, the sum of the following amounts:

Examples of Revolving Maximum Amount in a sentence

• The Borrower’s obligation to comply with this Section 3.9 is automatic, and the Lender has no obligation to notify the Borrower that the aggregate balance of all Advances outstanding under the Revolving Note exceeds the Revolving Maximum Amount.

• If at any time the aggregate balance of all Advances outstanding exceeds the Revolving Maximum Amount, within one (1) Business Day the Borrower shall prepay the Revolving Note so that the aggregate balance of all Advances under the Revolving Note do not exceed the Revolving Maximum Amount.

• In the event that the aggregate unpaid principal amount of the Advances at any one time exceeds the Revolving Maximum Amount for any reason the Borrower shall, within two (2)Business Days of the date occurrence of any such excess, prepay the Advances in an amount sufficient to eliminate such excess.

• If on any day the Revolving Outstandings plus the Swing Line Outstandings exceeds the Revolving Maximum Amount, the Co-Borrowers shall immediately prepay Revolving Loans and/or Cash Collateralize the outstanding Letters of Credit, or do a combination of the foregoing, in an amount sufficient to eliminate such excess.

• Notwithstanding the foregoing, at any time the Lender has the option of notifying the Borrower that the aggregate balance of all Advances under the Revolving Note outstanding exceeds the Revolving Maximum Amount, and if such notice is given the Lender does not waive or modify any of the terms or conditions in this Loan Agreement.

More Definitions of Revolving Maximum Amount

Revolving Maximum Amount means Twenty-Eight Million Four Hundred Thirty-Five Thousand Dollars ($28,435,000), which such amount is permanently reduced to lower amounts by the greater of (y) the sum of (1) an amount equal to the aggregate net cash proceeds of all sales of Collateral pursuant to Section 5.4 (other than the last paragraph thereof), or as otherwise approved by Foothill, which occur after June 10, 1998; plus (2) 100% of Account collections, once the Term Note has been fully secured by cash; or (z) the amount set forth below opposite the applicable date of reduction:

Revolving Maximum Amount means Thirty-Five Million Dollars ($35,000,000), which such amount is permanently reduced to lower amounts by the greater of

Revolving Maximum Amount means Thirty-Five Million Dollars ($35,000,000), which such amount is permanently reduced to lower amounts by the greater of (y) the sum of (1) an amount equal to the aggregate net cash proceeds of all sales of Collateral pursuant to Section 5.4 (other than the last paragraph thereof), or as otherwise approved by Foothill, which occur after the exercise of the Reload Option; plus (2) 100% of Account collections, once the Term Note has been fully secured by cash; or (z) Thirty-Five Million Dollars ($35,000,000); provided that if Borrower has repaid in full or otherwise retired all PIK Notes by July 15, 2000, the amounts of the reductions under this clause (z) shall be $4,500,000 on the next following June 30 or December 31, whichever occurs first and by an additional $4,500,000 on each following June 30 and December 31 until the Revolving Maximum Amount is zero." Borrower shall only be permitted to exercise the Reload Option to purchase PIK Notes issued by Trails or to purchase the stock of AIC."

Revolving Maximum Amount means Ten Million Dollars ($10,000,000), which such amount is permanently reduced to lower amounts by the greater of (y) the sum of (1) an amount equal to the aggregate net cash proceeds of all sales of Collateral pursuant to Section 5.4 (other than the last paragraph thereof), or as otherwise approved by Foothill, which occur after July 15, 2000; plus (2) 100% of Account collections, once the Term Note has been fully secured by cash; or (z) the amount set forth below opposite the applicable date of reduction: 12/31/2000 - $2,500,000 6/30/2001 - $5,000,000 12/31/2001 - $7,500,000 6/30/2002 - $10,000,000"

Revolving Maximum Amount means Three Hundred Thousand Dollars ($300,000)

Revolving Maximum Amount means Thirty-Five Million Dollars ($35,000,000), which such amount is permanently reduced to lower amounts by the greater of (y) the sum of (1) an amount equal to the aggregate net cash proceeds of all sales of Collateral pursuant to Section 5.4 (other than the last paragraph thereof), or as otherwise approved by Foothill, which occur after June 10, 1998; plus (2) 100% of Account collections, once the Term Note has been fully secured by cash; or (z) the amount set forth below opposite the applicable date of reduction: 6/30/1999 - $4,500,000 12/31/1999 - $9,000,000 6/30/2000 - $13,500,000 7/15/2000 - $35,000,000; provided that if Borrower has paid in full or otherwise retired all PIK Notes by July 15, 2000, the reduction scheduled for such date shall not occur and the following amounts shall apply on the following dates of reduction: 12/31/2000 - $18,000,000 6/30/2001 - $22,500,000 12/31/2001 - $27,000,000 6/30/2002 - $31,500,000 1/17/2003 - $35,000,000: Provided, however, there shall be no reductions in the Revolving Maximum Amount as called for in provisions (y)(1) and (2) called for above for any sales or collections which occur between June 10, 1998 and the earlier to occur of the following: (i) the completion of the purchase by Borrower of the PIK Notes, or (ii) the purchase of the stock of AIC, or (iii) March 31, 1999.

Revolving Maximum Amount means (a) Twenty Million Dollars ($20,000,000), ------------------------ which such amount is permanently reduced to lower amounts by the sum of: (i) commencing on June 1, 1997, and on the first day of each and every month thereafter, $150,000; and (ii) the greater of, (y) the sum of (1) an amount equal to the aggregate net cash proceeds of all sales of Collateral pursuant to Section 5.4 (other than the last paragraph thereof), or as otherwise approved by Foothill, which occur after May 17, 1997; plus (2) 100% of Account collections, once the Term Note has been fully secured by cash; or (z) the amount set forth below opposite the applicable date of reduction: On or after December 31, 1997 $ 3,750,000 On or after June 30, 1998 $ 7,500,000 On or after December 31, 1998 $11,250,000 On or after June 30, 1999 $15,000,000