Revolving Credit Indebtedness definition

Revolving Credit Indebtedness means all Indebtedness and other obligations of the Loan Parties under the Revolving Credit Documents.
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Revolving Credit Indebtedness means the Indebtedness of the Loan Parties owing to the Revolving Credit Agent and the Revolving Credit Lenders under the Revolving Credit Agreement.
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Revolving Credit Indebtedness shall have the meaning given to the term “Obligations” in the Super Priority Collateral Agreement.
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Examples of Revolving Credit Indebtedness in a sentence

  • In addition, the Administrative Agent shall have the right at any time after the payment in full of the Revolving Credit Indebtedness and the termination of the Revolving Credit Documents to exchange certificates representing or evidencing Securities Collateral for certificates of smaller or larger denominations.

  • All such certificated Securities Collateral acquired by such Pledgor at any time after the payment in full of the Revolving Credit Indebtedness and the termination of the Revolving Credit Documents shall be in suitable form for transfer by delivery or shall be accompanied by duly executed instruments of transfer or assignment in blank, all in form and substance reasonably satisfactory to the Administrative Agent.

  • Each Pledgor hereby agrees that all certificates, agreements or instruments representing or evidencing Securities Collateral acquired by such Pledgor at any time after the payment in full of the Revolving Credit Indebtedness and the termination of the Revolving Credit Documents, shall, within the time periods required by the Credit Agreement, be delivered to and held by or on behalf of the Administrative Agent pursuant hereto.

  • Borrowers shall have the right at any time and from time to time, after the repayment and satisfaction in full of the Revolving Credit Indebtedness and the termination of all commitments under the Revolving Credit Documents, to prepay any Term Borrowing, in whole or in part, subject to the requirements of this Section 2.10; provided that each partial prepayment shall be in an amount that is an integral multiple of $1.0 million and not less than $1.0 million.

  • Accordingly, for the removal of doubt, all the terms and conditions of the Financing Documents and other supplementary and ancillary agreements shall continue to have full force and effect, shall stand and continue to stand, as security for payment to the lenders of the Revolving Credit Indebtedness, the Indenture Indebtedness and Second Lien Indebtedness.

  • Each Loan Party hereby agrees that all Indebtedness owed by it to its Affiliates (other than the Revolving Credit Indebtedness) and other obligations now or hereafter owed by it to any of its Affiliates, is subordinated in right of payment and security to the Indebtedness and other Obligations owing to the Agent and the Lenders.


More Definitions of Revolving Credit Indebtedness

Revolving Credit Indebtedness means all amounts from time to time outstanding under Futuretech's $1.5 million revolving credit facility with AmSouth Bank, N.A.
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Revolving Credit Indebtedness means Indebtedness of the Company or any Subsidiary (including, without limitation and without duplication, any guarantee issued by the Company or any Subsidiary in respect of, and any Lien granted by the Company or any Subsidiary to secure, Revolving Credit Indebtedness of the Company or any Subsidiary) incurred pursuant to or in connection with one or more revolving credit, letter of credit or other working capital facilities in an aggregate principal amount not to exceed, at any one time outstanding, the greater of (a) $20,000,000 or (b) the sum of (without duplication) (i) 80.0% of Eligible Receivables plus (ii) 60% of the value of Finished Goods Inventory plus (iii) 50% of the value of Raw Materials Inventory, in each case with respect to receivables and inventory of the Company and the Subsidiaries, as of the month-end prior to the date of such incurrence, less, in either case, the aggregate amount by which the commitments of the lenders under such facilities are permanently reduced from time to time in accordance with Section 4.12(i) of this Indenture.
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Related to Revolving Credit Indebtedness

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

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

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

  • Revolving Credit Notes means the separate Revolving Credit Notes made by the Borrower payable to the order of each Lender, substantially in the form of Exhibit A hereto, evidencing the Credit Facility, and any amendments and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part; "Note" means any of such Revolving Credit Notes.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.

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

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

  • Revolving Credit Outstandings means the sum of (a) with respect to Revolving Credit Loans and Swingline Loans on any date, the aggregate outstanding principal amount thereof after giving effect to any borrowings and prepayments or repayments of Revolving Credit Loans and Swingline Loans, as the case may be, occurring on such date; plus (b) with respect to any L/C Obligations on any date, the aggregate outstanding amount thereof on such date after giving effect to any Extensions of Credit occurring on such date and any other changes in the aggregate amount of the L/C Obligations as of such date, including as a result of any reimbursements of outstanding unpaid drawings under any Letters of Credit or any reductions in the maximum amount available for drawing under Letters of Credit taking effect on such date.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

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

  • Revolving Credit means the credit facility for making Revolving Loans and issuing Letters of Credit described in Sections 1.1 and 1.2 hereof.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in 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 “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.

  • Refinancing Revolving Commitments means one or more Classes of commitments in respect of Revolving Loans hereunder that result from a Refinancing Amendment.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Revolving Credit Documents means the Revolving Credit Agreement and the Revolving Credit Collateral Documents.

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

  • Revolving Credit Maturity Date means the date that is six years after the Closing Date, or, if such date is not a Business Day, the next preceding Business Day.