Revolving Term definition

Revolving Term means the period from and after the Effective Date through the Revolving Termination Date.
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Revolving Term means the period of time beginning on the Effective Date of this Agreement and ending on the earlier to occur of: (i) 364 days following the Effective Date of this Agreement and (ii) the date an Event of Default or Event of Termination exists.
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Revolving Term means the Closing Date through March 8, 2008, subject to acceleration at the option of Laurus upon the occurrence of an Event of Default hereunder or other termination hereunder.
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Examples of Revolving Term in a sentence

  • The Borrowing is being advanced under the [Revolving] [Term] Credit.

  • If the Borrower elects to have the terms of this Section 2.4(e) apply to a requested Revolving Credit Borrowing of a Base Rate Loan or if the Agent receives a Notice of Borrowing for a Term Benchmark Loan or RFR Loans (if then applicable), then, promptly after receipt of the Notice of Borrowing with respect to such Revolving Base Rate Loan, Revolving Term Benchmark Loan or Revolving RFR Loan, the Agent shall notify the Revolving Credit Lenders by telecopy, telephone or e-mail of the requested Borrowing.

  • In the event of irreconcilable inconsistency between the terms hereof and the terms of the Revolving Term Note, the terms of the Revolving Term Note shall control.

  • All principal, interest and fees outstanding under the Revolving Term Facility shall be due and payable pursuant to the Revolving Term Note except to the extent otherwise provided for in this Agreement.

  • Within such limits and subject to the other terms and conditions of this Agreement and the other Loan Documents, the Company may borrow, repay, and reborrow under the Revolving Term Facility.

  • The terms and provisions of the Revolving Term Note are incorporated herein by reference and made a part hereof.

  • The proceeds of the Revolving Term Facility shall be used to refinance the existing indebtedness of the Company and provide Working Capital for the Company, and the Company shall use the Loans for no other purpose.

  • Amounts owed under the Revolving Term Facility shall be evidenced by a promissory note of the Company, substantially in the form of Exhibit B hereto and otherwise in form and substance satisfactory to Agent, payable to the order of Lender (as amended, restated, modified, supplemented, replaced, refinanced or renewed from time to time, the “Revolving Term Note”).

  • The aggregate amount of the [Revolving] [Term] Loans to be [converted] [continued] is $______________.

  • Subject to the terms and conditions of this Agreement, the Revolving Term Note and the other Loan Documents, prior to the Revolving Term Facility Expiration Date, upon the request of the Company, Lender shall make loans to the Company under the Revolving Term Facility (each, a “Revolving Term Loan”); provided, that in no event shall Lender be obligated to make a Revolving Term Loan that, when added to the then-current Revolving Term Facility Usage, would exceed at any time the Revolving Term Commitment.


More Definitions of Revolving Term

Revolving Term means the time period beginning on the Effective Date and ending forty-eight (48) months after the first Purchase Date ("Revolving Term").
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