The Revolving Credit definition

The Revolving Credit. Notes shall represent the obligation of Borrower to pay the amount of the Maximum Revolving Credit Loan or, if less, the aggregate unpaid principal amount of all Revolving Credit Advances made by Lenders to Borrower and all other Obligations with interest thereon as prescribed in Section 1.8. The date and amount of each Revolving Credit Advance and each payment of principal with respect thereto shall be recorded on the books and records of Agent, which books and records shall constitute prima facie evidence of the accuracy of the information therein recorded. The entire unpaid balance of the Revolving Credit Loan shall be immediately due and payable on the Commitment Termination Date.
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The Revolving Credit. Notes shall evidence Borrower's unconditional obligation to repay such Lender for all outstanding Loans owing to such Lender, with interest as herein and therein provided. Each and every Advance under the Revolving Credit shall be deemed evidenced by the Revolving Credit Notes, which are deemed incorporated herein by reference and made a part hereof. All Revolving Credit Notes shall be substantially in the form set forth in Exhibit A attached hereto and made a part hereof.
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The Revolving Credit. Notes shall evidence Borrower's absolute and unconditional obligation to repay such Lender(s) for all Revolving Credit Loans made by such Lender(s) under the Credit Facility, with interest as herein and therein provided. Each and every Revolving Credit Loan under the Credit Facility shall be deemed evidenced by the Revolving Credit Notes, which are deemed incorporated herein by reference and made a part hereof. All Revolving Credit Notes shall be substantially in the form set forth in Exhibit "2.1(b)" attached hereto and made a part hereof.
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Examples of The Revolving Credit in a sentence

  • The Revolving Credit Facility and the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.

  • The Revolving Credit Loans shall be made pro rata in accordance with each Bank's Commitment Percentage.

  • The Revolving Credit Commitments (other than any Extended Revolving Credit Commitments) shall terminate on the applicable Maturity Date.

  • The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed.

  • The Revolving Credit Facility may include one or more Swing Line Loans and one or more Letters of Credit from time to time.

  • The Revolving Credit Commitment of each Class shall automatically and permanently terminate on the Maturity Date with respect to such Class of Revolving Credit Commitments.

  • The Revolving Credit Commitments shall terminate on the Maturity Date therefor.

  • The Revolving Credit Loans shall be due and payable, and the Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders, on the Maturity Date for the Revolving Credit Facility the aggregate principal amount of all Revolving Credit Loans outstanding on such date.

  • The Revolving Credit Commitments and the Swingline Commitment shall automatically terminate on the Revolving Credit Maturity Date.

  • The Revolving Credit Note shall not operate as a novation of any of the Obligations or nullify, discharge, or release any such Obligations or the continuing contractual relationship of the parties hereto in accordance with the provisions of this Agreement.


More Definitions of The Revolving Credit

The Revolving Credit. Advance is "Permitted Debt" under clause 1 of the definition of "Permitted Debt" in the Senior Notes Indenture. The undersigned hereby certifies that all of the statements contained in Section 7.2 of the Credit Agreement are true and correct in all material respects on the date hereof, and will be true in all material respects on the date of the requested Revolving Credit Advance, before and after giving effect thereto and to the application of the proceeds therefrom. O'SULLIVAN INDUSTRIES, INC. By: ____________________________________ Name: ____________________________________ Title: ____________________________________ CERTIFICATE OF EXECUTIVE OFFICER The undersigned, an executive officer of O'Sullivan Industries, Inc., a Delaware corporation (the "Company") hereby certifies that the incurrence by the Coxxxxx xx xhe [Revolving Credit Advance] [Letter of Credit Obligation] requested in the [foregoing Notice of Revolving Credit Advance][accompanying notice of request for Letter of Credit] is permitted by the terms of the terms of the Indenture, dated as of November 30, 1999 relating to the issuance by the Company of its 13-3/8% Senior Subordinated Notes due 2009 among the Company, as Issuer, O'Sullivan Industries - Virginia, Inc., as Guarantor and Norwest Bank Minnesota, National Association, as Trustee.
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The Revolving Credit. Notes shall evidence Borrower's absolute and unconditional obligation to repay such Lender(s) for all Revolving Credit Loans made by such Lender(s) under the Credit Facility, with interest as herein and therein provided. Each and every Revolving Credit Loan under the Credit Facility shall be deemed evidenced by the Revolving Credit Notes, which are deemed incorporated herein by reference and made a part hereof. All Revolving Credit Notes shall be substantially in the form set forth in Exhibit 2.1(b) attached hereto and made a part hereof. (c) The term ("Initial Term") of the Credit Facility shall expire on the day which is one (1) year from the date hereof. In Lenders' sole discretion, without any obligation to do so, the Credit Facility may, nonetheless, be renewed annually for additional one year periods. Borrower's request for such renewal must be made at least 60 days prior to the expiration of the then Current Term. After the Maturity Date no further Advances shall be available from Lenders. Borrower acknowledges that no Lender has any obligation to renew its part of the Credit Facility. (d) Borrower shall deliver, at least monthly on the tenth (10th) day of each month, and with each borrowing request, unless Agent requests more frequent delivery, a Borrowing Base Certificate in the form of Exhibit 2.1(d) attached hereto and made a part hereof, executed by an Authorized Officer, evidencing availability under the Borrowing Base for any such borrowing request. 2.2
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The Revolving Credit. Loan is evidenced by a Promissory Note dated October 31, 1996 in the original principal amount of $10,000,000. As of April 17, 1997, there is due under such note principal of Three Million Five Hundred Thousand Dollars ($3,500,000) and interest of Eight Thousand Two Hundred Thirty-Eight and 16/100 Dollars ($8,238.16), plus attorneys' fees and other costs which are payable under such note.
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The Revolving Credit. LENDERS: FLEET RETAIL FINANCE INC. By /s/ Xxxxx X. Xxxxxxx ............................................................. Name Xxxxx X. Xxxxxxx ...........................................................
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Related to The Revolving Credit

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

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

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

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • U.S. Revolving Credit Commitment means, as to each Lender, its obligation to (a) make U.S. Revolving Credit Loans to the Company and each Domestic Subsidiary of the Company from time to time party hereto as a Designated Borrower pursuant to Section 2.01(b)(i), (b) purchase participations in L/C Obligations, and (c) purchase participations in U.S. Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “U.S. Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Revolving Credit means the revolving credit loans to be advanced to the Borrower by the applicable Revolving Credit Lenders pursuant to Article 2 hereof, in an aggregate amount (subject to the terms hereof), not to exceed, at any one time outstanding, the Revolving Credit Aggregate Commitment.

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Extended Revolving Credit Commitments shall have the meaning provided in Section 2.14(g)(ii).

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Aggregate Revolving Credit Commitments means, as at any date of determination thereof, the sum of all Revolving Credit Commitments of all Lenders at such date.

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Available Revolving Credit Commitment as to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender's Revolving Credit Commitment over (b) such Lender's Revolving Extensions of Credit; provided, that in calculating any Lender's Revolving Extensions of Credit for the purpose of determining such Lender's Available Revolving Credit Commitment pursuant to Section 2.9(a), the aggregate principal amount of Swing Line Loans then outstanding shall be deemed to be zero.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Lenders, as reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Credit Commitment is $250,000,000.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Unused Revolving Credit Commitment means, with respect to any Revolving Credit Lender at any time (a) such Revolving Credit Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Revolving Credit Lender (in its capacity as a Revolving Credit Lender and not as the Swing Line Bank or an Issuing Bank) and outstanding at such time plus (ii) such Revolving Credit Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letters of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(d) and outstanding at such time.

  • Existing Revolving Credit Facility means the revolving credit facility evidenced by that certain Revolving Credit Agreement, dated as of August 4, 2005 (the “Existing Credit Agreement”), among Borrower, the Banks listed therein, Banc of America Securities LLC and J.X. Xxxxxx Securities Inc., as Joint Lead Arrangers and Joint Bookrunners, Bank of America, N.A., as Administrative Agent, JPMorgan Chase Bank, as Syndication Agent, The Bank of Nova Scotia, US Bank National Association and Wachovia Bank National Association, as Documentation Agents and others with respect to Borrower’s existing $1,250,000,000 revolving credit facility, as the same may be amended, modified, supplemented or replaced from time to time.

  • Revolving Credit Loans means collectively and Revolving Credit Loan shall mean separately all Revolving Credit Loans or any Revolving Credit Loan made by the Lenders or one of the Lenders to the Borrower pursuant to Section 2.1 [Revolving Credit Commitments] or 2.9.3 [Disbursements, Reimbursement].

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

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.