Revolver. Advances under the Revolver (“Advances”) will be available up to a maximum amount outstanding at any one time of $15,000,000 (the “Maximum Revolver Amount”), of which (a) WFF commits to provide up to a maximum amount of $10,500,000 and (b) CapSource commits to provide up to a maximum amount of $4,500,000. At least $7,500,000 of the Revolver will be unfunded on the Closing Date.
Revolver. The Company, the Majority Secured Noteholders (as defined below) and the Majority Convertible Noteholders (as defined below) will mutually agree on whether to repay in full any remaining outstanding amounts due under the Second Amended and Restated Credit Agreement among PWI and Regions Bank (the “Credit Agreement”) and terminate the Credit Agreement. If the Credit Agreement’s terms prevent consummation of the Restructuring on the terms set forth in this Term Sheet without lender consent, then the Credit Agreement will be terminated and the amounts outstanding will be repaid in full.
Revolver. If this Agreement is terminated by Borrower or by Lender under this Section 6.2, Borrower shall pay to Lender a termination fee in an amount equal to the following: (i) 1.0% of the Maximum Revolver Amount, if the effective date of termination occurs during months 1-12 after the Effective Date. The termination fee shall be due and payable on the effective date of termination and thereafter shall bear interest at a rate equal to the highest rate applicable to any of the Obligations. No termination fee shall be payable on the Revolver if it is never approved by Lender and activated by Borrower.
Revolver. It is the understanding of the parties hereto that Buyer will use commercially reasonable efforts to obtain by Closing a senior working capital facility for Retail Sub.
Revolver. This Note is a revolver and thus, Borrower may borrow, repay and then reborrow the Principal amount of this Note, subject to the other terms of this Note.
Revolver. A revolving credit facility (the "Revolver"), expiring on July 31, 1997 (the "Expiration Date"), under which the Bank, subject to the following terms and conditions, will make advances to the Borrower from time to time and the Borrower may borrow, repay, and reborrow such amounts up to the Maximum Principal Amount. Amounts outstanding under the Revolver shall be evidenced by a Revolving Credit Note in the form provided to the Borrower by the Bank (together with any attachments thereto and amendments or modifications thereto in effect from time to time, the "Note").
Revolver. 22
2.1. Revolving Loan Commitments; Revolving Loans; Line of Credit Commitment; Line of Credit Advances 22 2.2. Interest on the Revolving Loans and the Line of Credit Advances 29 2.
Revolver. A Lenders agree, in their sole discretion, that interest due in respect of the Revolver B Advances may be paid pursuant to this item "ninth", to payment thereof, until paid in full (if an Event of Default has occurred and is continuing and to the extent that the Required Revolver A Lenders have not agreed that the interest due in respect of the Revolver B Advances may be paid pursuant to this item "ninth", the priority of the payment of such interest on the Revolver B Advances due to the Revolver B Loan Lenders is deferred to item "nineteenth" below),
Revolver. A certificate by an Authorized Officer of Borrower, certifying that all conditions to closing of the Revolver have been met (without waiver by the Companies), together with copies of (i) authorizing resolutions and (ii) executed closing documents delivered in connection with the Revolver, in form and substance satisfactory to the Lenders with a maximum principal amount of not less than Fifty Million Dollars ($50,000,000).
Revolver. Beginning on the Revolving Termination Date and continuing on each Quarterly Payment Date thereafter, the Borrowers shall jointly and severally repay the unpaid principal amount of the Revolving Advances in fourteen equal quarterly installments beginning March 31, 2000 sufficient to fully amortize the Revolving Advances which were outstanding on THIRD AMENDED AND RESTATED CREDIT AGREEMENT, PAGE 27 35 the Revolving Termination Date by the Maturity Date. All outstanding Revolving Advances shall be due and payable in full on the Revolver Maturity Date.
