Revolving Loan Accounts definition

Revolving Loan Accounts has the meaning ascribed to it in Section 1.4.
Sample 1Sample 2Sample 3
Revolving Loan Accounts means the accounts on Agent's books, in each Borrower's name, in which each Borrower will be charged with all applicable Obligations under this Financing Agreement.
Sample 1Sample 2
Revolving Loan Accounts shall have the meanings assigned in Section 2.03 hereof.
Sample 1

Examples of Revolving Loan Accounts in a sentence

  • The Agent and the Lenders shall be entitled to charge the Companies' Revolving Loan Account(s) at the rate provided for herein when due until all Obligations have been paid in full.

  • Each of the Obligors hereby authorizes the Administrative Agent to charge the Revolving Loan Account(s) with the amount of all Obligations due hereunder as such payments become due.

  • Upon the maturity of any Money Market Loan, so long as either (i) no Event of Default then exists or (ii) the Agent shall have received the consent of all the Lenders if an Event of Default then exists, the Agent shall debit the Revolving Loan Accounts of the Company in the principal amount of such Money Market Loan for the account of the Lenders in accordance with their respective Revolving Percentage Interests and shall credit the same amount to the pertinent Money Market Loan Account.

  • Any amount charged to Companies’ Revolving Loan Accounts, after payment by the Agent under any Letter of Credit Guaranty or upon notice from or at the request of the Issuing Bank, shall be deemed a Revolving Loan hereunder and shall incur interest at the rate provided in Section 8.1 of this Financing Agreement.

  • Interest on Chase Bank Rate Loans shall be an amount equal to the Chase Bank Rate on the average of the net balances owing by each of the Companies to the Lenders in their Revolving Loan Accounts in respect of Chase Bank Rate Loans at the close of each day during such month.

  • Without limiting the liability and obligation of each Lender to make such advances, the Companies authorize the Administrative Agent to charge the Companies' Revolving Loan Account(s) with the Administrative Agent to the extent amounts received from the Lenders are not sufficient to repay in full the amount of any such deficiency.

  • The Companies confirm that any charges which CIT may make to the Revolving Loan Accounts as provided herein will be made as an accommodation to the Companies and solely at CIT's discretion.

  • The Domestic Companies ------------------------------------------ hereby authorize CIT, without notice to the Domestic Companies, to charge their Revolving Loan Accounts with all payments due under this Section 4 as such amounts become due.

  • The Companies hereby ------------------------------------------- authorize CIT, without notice to the Companies, to charge their Revolving Loan Accounts with the amount of all indebtedness, liabilities and obligations of any kind incurred by CIT under a Letter of Credit Guaranty, including the charges of an Issuing Bank, as such indebtedness, liabilities and obligations are charged to or paid by CIT, or, if earlier, upon the occurrence of an Event of Default.

  • The Loans made by any Lender shall be evidenced by one or more Revolving Loan Accounts.


More Definitions of Revolving Loan Accounts

Revolving Loan Accounts means each account on the Agent’s books, in the name of the Borrowing Agent (on behalf of the US Borrowers) or the Canadian Borrower, as the case may be, in which the Borrowers will be charged with all applicable Obligations under this Financing Agreement.
Sample 1

Related to Revolving Loan Accounts

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Loan Agreement means that certain Revolving Credit and Security Credit Agreement dated as of the Closing Date by and among Revolving Loan Agent, the Revolving Loan Lenders and the Loan Parties, as amended, restated or otherwise modified from time to time to the extent not prohibited by the Intercreditor Agreement.

  • Project Loan Account means any of the Accounts within the Project Fund so designated and established by Article V.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment.

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

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

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Loan Documents means the “Loan Documents” as defined in the Revolving Credit Agreement.

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

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • 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 Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Loan Account has the meaning set forth in Section 2.10.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • 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 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.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

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