Total Revolving Loan definition

Total Revolving Loan. Commitment shall mean an amount equal to Thirty-Five Million and No/100 Dollars ($35,000,000.00).

Total Revolving Loan. Commitments shall mean, at any time, the aggregate of the Revolving Loan Commitments of all the Lenders at such time.

Total Revolving Loan. Commitment shall mean an amount equal to Sixty Million and No/100 Dollars ($60,000,000.00), except as such amount may be increased in accordance with Section 2.10 herein or, following the occurrence of an Event of Default, decreased by Required Lenders in their sole discretion. UCC shall mean the Uniform Commercial Code as in effect in the State of Illinois.

Examples of Total Revolving Loan in a sentence

• Accrued Commitment Commission shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the date upon which the Total Revolving Loan Commitment is terminated.

• Such request shall be made in accordance with the requirements of Section 2.01, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Total Revolving Loan Commitment and the conditions set forth in Section 3.02.

• Accrued Commitment Commission shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the Revolving Loan Maturity Date or such earlier date upon which the Total Revolving Loan Commitment is terminated.

• From the effective date of any reduction or increase of the Total Revolving Loan Commitment, the Commitment Fees payable pursuant to Section 2.05(b) shall be computed on the basis of the Total Revolving Loan Commitment as so reduced or increased.

• Accrued Commitment Fees shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the date upon which the Total Revolving Loan Commitment is terminated.

• The Total Revolving Loan Commitment (and the Revolving Loan Commitment of each Lender) shall terminate in its entirety upon the Final Maturity Date.

• Accrued Commitment Fees shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the Revolving Loan Maturity Date (or such earlier date upon which the Total Revolving Loan Commitment is terminated).

• Any reduction of the Total Revolving Loan Commitment pursuant to Section 2.04(a) shall be applied ratably to reduce each Lender’s Revolving Loan Commitment in accordance with clause (i) of Section 2.10(a).

• Once reduced or cancelled, the Total Revolving Loan Commitment may not be increased or reinstated without the prior written consent of all Lenders (except as permitted under Section 2.01(b)).

• Accrued Commitment Commission shall be due and payable quarterly in arrears on each Quarterly Payment Date and on the Revolving Loan Maturity Date or upon such earlier date as the Total Revolving Loan Commitment shall have been terminated.

More Definitions of Total Revolving Loan

Total Revolving Loan. Facility shall mean the amount of Seventy-Seven Million Dollars ($77,000,000.00).

Total Revolving Loan. Availability shall mean an amount up to the lesser of (A) the sum of (i) the Canadian Revolving Loan Availability plus (ii) the US Revolving Loan Availability or (B) Forty-Five Million Dollars in the aggregate for all Borrowers, whichever is less.

Total Revolving Loan. Sub-Commitment" in Section 11.01 of the Credit Agreement shall be amended by adding the following clause before the final period: "and (c) January Clean-Down Period, the Total Commitment shall not exceed $20,000,000 PLUS, at any time during such period, the Letter of Credit Outstandings".