Revolving Credit Loan Facility definition

Revolving Credit Loan Facility means, at any time, the aggregate amount of the Revolving Credit Loan Banks’ Revolving Credit Loan Commitments.
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Revolving Credit Loan Facility shall have the meaning ascribed and assigned to such term as set forth in the thirty-eighth recital of this Loan Agreement.
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Revolving Credit Loan Facility means the revolving credit line facility provided by the Lender to the Borrowers during the Revolving Loan Period pursuant to the terms described in this Agreement.
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Examples of Revolving Credit Loan Facility in a sentence

  • The Letter of Credit Obligations shall constitute financial accommodations under the Revolving Credit Loan Facility and shall reduce availability under the Revolving Credit Commitments by the stated amount of such Letter of Credit Obligations.

  • Merchant’s failure to do so is a material breach of this Agreement.

  • The final payment of all principal, unpaid accrued interest, fees and expenses, if any, owing to the Canadian Lenders on the Canadian Revolving Credit Loan Facility shall be due and payable on the Canadian Revolving Credit Termination Date.

  • There is, as of Deccmber 17, 1999, presently due and owing on the Revolving Credit Loan Facility, the principal sum of US$41,864,120.23 without offset, defense or counterclaim, all of which are hereby expressly waived by the Co-Borrowers and the Guarantors as of the date hereof.

  • Collectively, the Revolving Credit Loan Facility and the Letter of Credit Facility.

  • Section 2.01 Revolving Credit Loan Facility................................

  • Borrower has requested that the Lender make available to Borrower a Revolving Credit Loan Facility in the principal amount of Ten Million Dollars ($10,000,000.00).

  • The Seller hereby makes the following representations and warranties on which the Issuer is relying in accepting the Receivables and executing this Agreement.

  • There is, as of August 9, 1999, presently due and owing on the Revolving Credit Loan Facility, the principal sum of US$43,590,318.56 without offset, defense or counterclaim, all of which are hereby expressly waived by the Co-Borrowers and the Guarantors as of the date hereof.

  • It is expressly understood and agreed, however, that the foregoing shall not be deemed to amend, modify, reduce, or in any other way limit the terms of any Loan Document except as expressly set forth in this Paragraph 6, and the parties further acknowledge and agree that any “Obligations” (as such term is defined in the North Carolina Deed of Trust) other than those relating to the Revolving Credit Loan Facility shall continue to be secured by the North Carolina Deed of Trust in accordance with its terms.


More Definitions of Revolving Credit Loan Facility

Revolving Credit Loan Facility set forth in Section 1.1 of the Credit Agreement is hereby amended by deleting the parenthetical "(with the Sublimit for letters of credit)" that appears in such definition and substituting in lieu thereof the following parenthetical: "(with unlimited availability for letters of credit)".
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Revolving Credit Loan Facility means the revolving credit loan facility established by the Lender under Article II hereof.
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Related to Revolving Credit Loan Facility

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

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

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

  • Revolving Credit Loans as defined in Section 2.1.

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

  • 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.

  • 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.

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

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

  • 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.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

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

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

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

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

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

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit C-2 hereto, evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the Borrower.

  • Revolving Credit Advances means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

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

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

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

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • 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.

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).