Swing Loan Limit definition

Swing Loan Limit means U.S. $65,000,000, as the same may be reduced from time to time pursuant to Section 2.8.
Sample 1Sample 2Sample 3
Swing Loan Limit means as of any date of determination the lesser of (a) $40,000,000 and (b) the Revolver Commitment of WFCFCC.
Sample 1Sample 2Sample 3
Swing Loan Limit shall have the meaning set forth in Section 2.01(a).
Sample 1Sample 2Sample 3

Examples of Swing Loan Limit in a sentence

  • Any termination of the Total Revolving Credit Commitments below the Swing Loan Limit shall reduce the Swing Loan Limit then in effect by like amount.

  • Upon the terms and subject to the conditions of this Agreement, the Swing Lender agrees to make, from time to time, until the Revolving Credit Termination Date, one or more loans ("Swing Loans") to the Borrower, in an aggregate principal amount not exceeding at any time $5,000,000 (the "Swing Loan Limit"), provided that the Revolving Credit Outstandings shall at no time exceed the Revolving Credit Limit (the "Swing Loan Facility").


More Definitions of Swing Loan Limit

Swing Loan Limit means U.S. $65,000,000, as the same may be reduced from time to time pursuant to Section 2.8. “Swing Loan Refund Amount” has the meaning set forth in Section 2.1(d).
Sample 1

Related to Swing Loan Limit

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

  • 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.

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

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

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Swing Loan Note means the Swing Loan Note of the Borrower in the form of Exhibit 1.1(N)(2) evidencing the Swing Loans, together with all amendments, extensions, renewals, replacements, refinancings or refundings thereof in whole or in part.

  • Swing Line Loans as defined in Section 2.6.

  • Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • 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.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Refunded Swing Line Loans as defined in Section 2.3(b)(iv).

  • 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

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Revolving Credit Limit has the meaning set forth in the Schedule.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • 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 Commitments means such commitments of all 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.

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

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).