Maximum Revolving Loan Commitment definition

Maximum Revolving Loan Commitment means Fifty-Five Million and No/100 Dollars ($55,000,000).
Sample 1Sample 2
Maximum Revolving Loan Commitment of any Lender shall mean the Commitment Percentage of such Lender multiplied by the Maximum Revolving Advance Amount.
Sample 1Sample 2
Maximum Revolving Loan Commitment means the aggregate Commitments of the Lenders. As of the date hereof, the Maximum Revolving Loan Commitment is Forty-Five Million and 00/100 ($45,000,000.00) US Dollars.
Sample 1

Examples of Maximum Revolving Loan Commitment in a sentence

  • In addition to the Fee, Borrower shall continue to be obligated to pay the Bank the Unused Commitment Fee in the amount of one-quarter of one percent (1/4%) per annum of the average unused Maximum Revolving Loan Commitment, excluding the LC Reserve, and as otherwise set forth in the Loan Agreement, as amended by this Amendment.

  • If this Agreement and the Maximum Revolving Loan Commitment are not extended beyond the Maturity Date, upon the occurrence of the Maturity Date, Borrower shall deliver to Agent cash collateral in the amount of the then outstanding Letter of Credit Obligations.

  • No Lender shall be obligated to make Revolving Advances in excess of its Maximum Revolving Loan Commitment.

  • The stated amount of each Letter of Credit issued by the Bank shall reduce the amount of the Maximum Revolving Loan Commitment then in effect in accordance with the terms of this Agreement on a dollar for dollar basis ("LC Reserve").

  • In the event the aggregate outstanding principal balance of all Revolving Loans plus Letter of Credit Obligations exceeds the Maximum Revolving Loan Commitment, the Borrowers shall, without notice or demand of any kind, immediately make such repayments of the Revolving Loans or take such other actions as shall be necessary to eliminate such excess..

  • So long as no Event of Default exists, Borrower through the Representative shall have the one-time option anytime after the Closing Date (subject to Agent’s consent) to elect by written notice to the Agent a single increase to the Maximum Revolving Loan Commitment of up to Twenty Million and 00/100 Dollars ($20,000,000.00), thus making the Maximum Revolving Loan Commitment Seventy Five Million and 00/100 Dollars ($75,000,000).

  • The Lender agrees, on the terms and conditions set forth in this Agreement, to extend credit to the Borrower from time to time during the period from the Conversion Date through and including the Maturity Date by making loans to the Borrower on a revolving basis from time to time provided, however, that at no time shall the sum of the Outstanding Revolving Advances plus the outstanding Letters of Credit exceed the Maximum Revolving Loan Commitment.

  • In the event that the Outstanding Revolving Advances at any time exceed the Maximum Revolving Loan Commitment then in effect, the Borrower shall pay to Lender an amount not less than the excess of the then Outstanding Revolving Advances over such Maximum Revolving Loan Commitment.

  • On the Interim Maturity Date, without further notice and without regard to whether the Offering has occurred, (a) the outstanding principal balance of the Loan shall be reduced to $15,000,000.00, and (b) the principal amount of the Loan and Maximum Revolving Loan Commitment shall be decreased from $25,000,000.00 to an amount not to exceed $15,000,000.00.

  • On the Interim Maturity Date, without further notice or demand (a) Borrower shall pay amounts necessary to reduce the outstanding principal balance of the Loan to $15,000,000.00 or less, excluding the amount of the LC Reserve and (b) the Maximum Revolving Loan Commitment shall be permanently reduced to an amount not to exceed $15,000,000.00, excluding the amount of the LC Reserve (the "Mandatory Permanent Reduction").


More Definitions of Maximum Revolving Loan Commitment

Maximum Revolving Loan Commitment of any Lender shall mean the amount set forth below such Lender's name on the signature page hereof which amount equals the maximum amount of Revolving Advances such Lender is committed to make hereunder as same may be adjusted upon any assignment by a Lender pursuant to Section 15.3(b) hereof.
Sample 1
Maximum Revolving Loan Commitment means, on any date of determination thereof, an amount equal to (a) $45,000,000 minus (b) the sum of all permanent reductions of revolving credit commitments under the First Lien Credit Agreement (other than in connection with a Refinancing permitted hereunder).
Sample 1
Maximum Revolving Loan Commitment means the principal amount of Ten Million and 00/100 Dollars ($10,000,000.00).
Sample 1
Maximum Revolving Loan Commitment means the lesser of (i) the Initial Revolving Loan Commitment, or (ii) the Adjusted Revolving Loan Commitment as determined pursuant to Section 2.04(d) of this Agreement.
Sample 1

Related to Maximum Revolving Loan Commitment

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • 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 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 Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • 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 Commitments means such commitments of all Lenders in the aggregate.

  • 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.

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Term Loan Commitment is, for any Lender, the obligation of such Lender to make a Term Loan, up to the principal amount shown on Schedule 1.1. “Term Loan Commitments” means the aggregate amount of such commitments of all Lenders.

  • 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.

  • Aggregate Revolving Credit Commitment means the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at any given time. The Aggregate Revolving Credit Commitment on the Closing Date is $1,250,000,000.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • 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.

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

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

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

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

  • Term Loan A Commitment means, with respect to each Lender, its Term Loan A Commitment, and, with respect to all Lenders, their Term Loan A Commitments, in each case as such Dollar amounts are set forth beside such Lender's name under the applicable heading on Schedule C-1 or on the signature page of the Assignment and Acceptance pursuant to which such Lender became a Lender hereunder in accordance with the provisions of Section 14.1.

  • U.S. Revolving Credit Commitment shall have the meaning assigned to such term in Section 2.1(c).

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

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

  • Aggregate Revolving Commitment means the aggregate amount of the Revolving Commitments of all of the Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $150,000,000.

  • Unutilized Revolving Loan Commitment means, with respect to any Lender at any time, such Lender’s Revolving Loan Commitment at such time less the sum of (i) the aggregate outstanding principal amount of all Revolving Loans made by such Lender at such time and (ii) such Lender’s RL Percentage of the Letter of Credit Outstandings at such time.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

  • Term Loan Commitments means the aggregate amount of such commitments of all Lenders.