Total Revolving Credit. Outstandings shall mean, as of any date, the sum of (a) the aggregate principal amount of all Loans outstanding as of such date, plus (b) the aggregate undrawn face amount of all Letters of Credit outstanding as of such date plus (c) all unreimbursed drawings with respect to all Letters of Credit. Transaction Documents shall mean this Agreement, the Note, the Guaranty, and any and all other agreements, documents and instruments heretofore, now or hereafter delivered to the Agent or any Bank with respect to or in connection with or pursuant to this Agreement, any Loans made hereunder or any of the other Borrower’s Obligations, and executed by or on behalf of any Loan Party, all as the same may from time to time be amended, modified, extended, renewed or restated.
Total Revolving Credit. Outstandings shall mean, as of any date, the sum of (a) the aggregate principal amount of all Revolving Credit Loans outstanding as of such date, plus (b) the aggregate principal amount of all Swing Line Loans outstanding as of such date plus (c) the aggregate undrawn face amount of all Letters of Credit outstanding as of such date plus all unreimbursed drawings with respect thereto. Transaction Documents shall mean this Agreement, the Notes, the Letter of Credit Applications, the Security Agreement, The Copyright Security Agreement, Patent and Trademark Security Agreement, the Trust Deeds, the Subsidiary Guaranties, the Guaranties, the subordination agreements signed on behalf of Agent or Lenders and any and all other agreements, documents and instruments heretofore, now or hereafter delivered to the Agent or any of the Lenders with respect to or in connection with or pursuant to this Agreement, any Loans made hereunder, any Letters of Credit issued hereunder, any of the other Borrower’s Obligations and/or any Guarantee of any or all of the Borrower’s Obligations, and executed by or on behalf of Borrower and/or any other Obligor, including, without limitation, any agreement, document or instrument heretofore, now or hereafter executed by Borrower with or in favor of the Agent or any Lender (or any affiliate of any Lender) providing for any interest rate swap, interest rate cap, interest rate collar or other interest rate hedge, all as the same may from time to time be amended, modified, extended, renewed or restated. Trust Deeds shall mean the trust deeds or mortgages executed in favor of Agent encumbering the real property listed on Schedule 1.01(b) attached hereto and incorporated herein. United States shall mean the United States of America. U.S. Bank shall mean U.S. Bank National Association, in its individual corporate capacity as a Lender hereunder and not as Agent hereunder. Unused Commitment Amount shall have the meaning ascribed thereto in Section 2.12. Unused Commitment Fee shall have the meaning ascribed thereto in Section 2.12. Voting Stock shall mean, with respect to any corporation, any shares of stock of such corporation whose holders are entitled under ordinary circumstances to vote for the election of directors of such corporation (irrespective of whether at the time stock of any other class or classes shall have or might have voting power by reason of the happening of any contingency). Welfare Plan shall mean a “welfare plan” as such ter...
Total Revolving Credit. Outstandings shall mean, as of any ----------------------------------- date, the sum of (a) the aggregate principal amount of all Loans outstanding as of such date, plus (b) the aggregate undrawn face ---- amount of all Letters of Credit outstanding as of such date plus ---- (c) all unreimbursed drawings with respect to all Letters of Credit."
Examples of Total Revolving Credit in a sentence
The Total Revolving Credit Commitment shall terminate on the Final Maturity Date.
Once reduced, the Total Revolving Credit Commitment may not be increased.
Each such reduction of the Total Revolving Credit Commitment shall reduce the Revolving Credit Commitment of each Lender proportionately in accordance with its Pro Rata Share thereof.
If, after giving effect to the prepayment of all outstanding Swingline Loans and Revolving Credit Loans, the Aggregate Revolving Credit Outstandings exceed the Total Revolving Credit Commitment then in effect, the Borrower shall Cash Collateralize the Letters of Credit Outstanding to the extent of such excess.
The Total Revolving Credit Commitment may increase in accordance with §2.11.
More Definitions of Total Revolving Credit
Total Revolving Credit. Outstandings shall mean, as of any date, the sum of (a) the aggregate principal amount of all Loans outstanding as of such date, plus (b) the aggregate undrawn face amount of all Letters of Credit outstanding as of such date plus (c) all unreimbursed drawings with respect to all Letters of Credit. Transaction Documents shall mean this Agreement, the Note and any and all other agreements, documents and instruments heretofore, now or hereafter delivered to Lender with respect to or in connection with or pursuant to this Agreement, any Loans made hereunder or any of the other Borrower’s Obligations, and executed by or on behalf of Borrower, all as the same may from time to time be amended, modified, extended, renewed or restated. UMB Agreement shall mean the Credit Agreement by and between Borrower and UMB Bank, National Association, executed on the date hereof or within thirty (30) days following the date hereof, as amended, modified or restated from time to time.
Total Revolving Credit. Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Xxxxxx's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).
Total Revolving Credit. Outstandings" in Section 1.01 of the Agreement is deleted and substituted with the following:
Total Revolving Credit. Outstandings” in their entirety and by inserting, in lieu thereof, the following new definitions:
Total Revolving Credit. Outstandings shall mean, as of any date, the sum of (a) the aggregate principal amount of all Revolving Credit Loans outstanding as of such date, plus (b) the aggregate undrawn face amount of all Letters of Credit outstanding as of such date. Transaction Documents shall mean this Agreement, the Revolving Credit Note, the Security Agreement, the Patent, Trademark and License Security Agreement and all other agreements, documents and instruments heretofore, now or hereafter delivered to Lender with respect to or in connection with or pursuant to this Agreement, any Revolving Credit Loans made hereunder or any of the other Borrower's Obligations, and executed by or on behalf of Borrower, all as the same may from time to time be amended, modified, extended or renewed. Unused Availability shall mean, as of any date, the sum of (a) the lesser of (i) the Lender's Revolving Credit Commitment as of such date or (ii) the Borrowing Base as of such date minus (b) the Total Revolving Credit Outstandings as of such date.
Total Revolving Credit. Commitments" in Section 1.1 of the Credit Agreement shall be deleted and the following substituted therefor:
Total Revolving Credit. Commitments shall mean at any time the aggregate of the Revolving Credit Commitments of the Revolving Loan Lenders. Trade Name License Agreement shall mean that certain Trade Name and Service Xxxx License Agreement, dated as of September 1, 1998, by and among Space Master International, Inc., Space Master Building Systems, LLC, Space Master Manufacturing, Inc., Space Master Manufacturing of Pennsylvania, Inc., and Xxxxxxx X. Xxxxxxxxxx, as in effect on the Effective Date (as same may be amended, modified or supplemented from time to time pursuant to the terms hereof and thereof). Tranche shall mean the respective facility and commitments utilized in making Loans hereunder, with there being two separate Tranches, i.e., Term Loans and Revolving Loans. Trigger Event shall mean for any reason Excess Availability is less than $75,000,000 for three (3) consecutive Business Days or is less than $70,000,000 at any time.