Revolving Advances definition

Revolving Advances means Advances made other than Letters of Credit.

Revolving Advances means Advances made other than Letters of Credit and the Term Loan.

Revolving Advances means Advances other than Letters of Credit, the Term Loan and the Swing Loans.

Examples of Revolving Advances in a sentence

• The aggregate balance of Revolving Advances outstanding at any time shall not exceed the Revolving Commitments of all Lenders less the aggregate Maximum Undrawn Amount of all issued and outstanding Letters of Credit.

• Issuer shall not issue any requested Letter of Credit if such Issuer has received notice from Agent or any Lender that one or more of the applicable conditions set forth in Section 8.2 of this Agreement have not been satisfied or the commitments of Lenders to make Revolving Advances hereunder have been terminated for any reason.

• All disbursements or payments related to Letters of Credit shall be deemed to be Domestic Rate Loans consisting of Revolving Advances and shall bear interest at the applicable Contract Rate; Letters of Credit that have not been drawn upon shall not bear interest (but fees shall accrue in respect of outstanding Letters of Credit as provided in Section 3.2 hereof).

• The Revolving Advances shall be evidenced by one or more secured promissory notes (collectively, the “Revolving Credit Note”) substantially in the form attached hereto as Exhibit 2.1(b).

• The aggregate balance of Revolving Advances, L/C Commitment Advances and/or Roll-Up L/C Commitment Advances taken as a whole outstanding at any time in excess of the maximum amount of Revolving Advances, L/C Commitment Advances and/or Roll-Up L/C Commitment Advances (as applicable) permitted hereunder shall be immediately due and payable without the necessity of any demand, at the Payment Office, whether or not a Default or Event of Default has occurred.

More Definitions of Revolving Advances

Revolving Advances has the meaning assigned to that term in Section 2.1(a).

Revolving Advances means Advances other than Letters of Credit and the Swing Loans.

Revolving Advances means each of the Advances made pursuant to Section 2.1.

Revolving Advances means an advance (or advances) under the Revolving Line.

Revolving Advances means a cash advance or cash advances under the Revolving Facility.

Revolving Advances means Swing Loans and Advances made other than Letters of Credit.

Revolving Advances means Advances made other than Letters of Credit and Acceptances.