The Revolving Credit definition

The Revolving Credit. Notes shall represent the obligation of Borrower to pay the amount of the Maximum Revolving Credit Loan or, if less, the aggregate unpaid principal amount of all Revolving Credit Advances made by Lenders to Borrower and all other Obligations with interest thereon as prescribed in Section 1.8. The date and amount of each Revolving Credit Advance and each payment of principal with respect thereto shall be recorded on the books and records of Agent, which books and records shall constitute prima facie evidence of the accuracy of the information therein recorded. The entire unpaid balance of the Revolving Credit Loan shall be immediately due and payable on the Commitment Termination Date.

The Revolving Credit. Note shall evidence Borrower's absolute and unconditional obligation to repay Lender for all Revolving credit Loans (which have not been repaid) made by Lender under the Credit Facility, with interest as herein and therein provided. Each and every Revolving Credit Loan under the Credit Facility shall be deemed evidenced by the Revolving Credit Note, which is deemed incorporated herein by reference and made a part hereof. The Revolving Credit Note shall be substantially in the form set forth in Exhibit" "2.1(b)" attached hereto and made a part hereof

The Revolving Credit. Notes shall evidence each Borrower's unconditional joint and several obligation to repay such Lender for all Advances made under the Revolving Credit, with interest as herein and therein provided. Each Advance under the Revolving Credit shall be deemed evidenced by the Revolving Credit Notes, which are deemed incorporated herein by reference and made part hereof. The obligations of Borrowers under the Revolving Credit and this Agreement shall at all times be joint and several. All Revolving Credit Notes shall be substantially in the form set forth in Exhibit "G" attached hereto and made a part hereof.

Examples of The Revolving Credit in a sentence

• The Revolving Credit Facility and the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.

• The Revolving Credit Loans shall be made pro rata in accordance with each Bank's Commitment Percentage.

• The Revolving Credit Commitments (other than any Extended Revolving Credit Commitments) shall terminate on the applicable Maturity Date.

• The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed.

• The Revolving Credit Commitment of each Class shall automatically and permanently terminate on the Maturity Date with respect to such Class of Revolving Credit Commitments.

• The Revolving Credit Facility may include one or more Swing Line Loans and one or more Letters of Credit from time to time.

• The Revolving Credit Commitments shall terminate on the Maturity Date therefor.

• The Revolving Credit Loans shall be due and payable, and the Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders, on the Maturity Date for the Revolving Credit Facility the aggregate principal amount of all Revolving Credit Loans outstanding on such date.

• The Revolving Credit Note shall not operate as a novation of any of the Obligations or nullify, discharge, or release any such Obligations or the continuing contractual relationship of the parties hereto in accordance with the provisions of this Agreement.

• The Revolving Credit Commitments and the Swingline Commitment shall automatically terminate on the Revolving Credit Maturity Date.

More Definitions of The Revolving Credit

The Revolving Credit. Advance is "Permitted Debt" under clause 1 of the definition of "Permitted Debt" in the Senior Notes Indenture. The undersigned hereby certifies that all of the statements contained in Section 7.2 of the Credit Agreement are true and correct in all material respects on the date hereof, and will be true in all material respects on the date of the requested Revolving Credit Advance, before and after giving effect thereto and to the application of the proceeds therefrom. O'SULLIVAN INDUSTRIES, INC. By: ____________________________________ Name: ____________________________________ Title: ____________________________________ CERTIFICATE OF EXECUTIVE OFFICER The undersigned, an executive officer of O'Sullivan Industries, Inc., a Delaware corporation (the "Company") hereby certifies that the incurrence by the Coxxxxx xx xhe [Revolving Credit Advance] [Letter of Credit Obligation] requested in the [foregoing Notice of Revolving Credit Advance][accompanying notice of request for Letter of Credit] is permitted by the terms of the terms of the Indenture, dated as of November 30, 1999 relating to the issuance by the Company of its 13-3/8% Senior Subordinated Notes due 2009 among the Company, as Issuer, O'Sullivan Industries - Virginia, Inc., as Guarantor and Norwest Bank Minnesota, National Association, as Trustee.

The Revolving Credit. LENDERS: FLEET RETAIL FINANCE INC. By /s/ Xxxxx X. Xxxxxxx ............................................................. Name Xxxxx X. Xxxxxxx ...........................................................

The Revolving Credit. Notes shall evidence Borrower's absolute and unconditional obligation to repay such Lender(s) for all Revolving Credit Loans made by such Lender(s) under the Credit Facility, with interest as herein and therein provided. Each and every Revolving Credit Loan under the Credit Facility shall be deemed evidenced by the Revolving Credit Notes, which are deemed incorporated herein by reference and made a part hereof. All Revolving Credit Notes shall be substantially in the form set forth in Exhibit 2.1(b) attached hereto and made a part hereof. (c) The term ("Initial Term") of the Credit Facility shall expire on the day which is one (1) year from the date hereof. In Lenders' sole discretion, without any obligation to do so, the Credit Facility may, nonetheless, be renewed annually for additional one year periods. Borrower's request for such renewal must be made at least 60 days prior to the expiration of the then Current Term. After the Maturity Date no further Advances shall be available from Lenders. Borrower acknowledges that no Lender has any obligation to renew its part of the Credit Facility. (d) Borrower shall deliver, at least monthly on the tenth (10th) day of each month, and with each borrowing request, unless Agent requests more frequent delivery, a Borrowing Base Certificate in the form of Exhibit 2.1(d) attached hereto and made a part hereof, executed by an Authorized Officer, evidencing availability under the Borrowing Base for any such borrowing request. 2.2

The Revolving Credit. Note shall evidence Borrower's unconditional obligation to repay Lender for all Advances made under the Revolving Credit, with interest as herein and therein provided. Each Advance under the Revolving Credit shall be deemed evidenced by the Revolving Credit Note, which is deemed incorporated herein by reference and made part hereof. The Revolving Credit Note shall be in form and substance satisfactory to Lender.

The Revolving Credit. Loan is evidenced by a Promissory Note dated October 31, 1996 in the original principal amount of $10,000,000. As of April 17, 1997, there is due under such note principal of Three Million Five Hundred Thousand Dollars ($3,500,000) and interest of Eight Thousand Two Hundred Thirty-Eight and 16/100 Dollars ($8,238.16), plus attorneys' fees and other costs which are payable under such note.