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. Subject to the terms and conditions of this Loan Agreement, the Banks hereby establish the Revolver in favor of the Borrower in the principal amount of Thirty Million Dollars ($30,000,000.00). Pursuant to the Revolver, the Borrower may obtain Revolving Loans pursuant to, and subject to the terms and conditions set forth in, this Loan Agreement for the purposes set forth in Section 2.5 hereof. The Revolver is subject to the following terms and conditions:
Revolver. A revolving credit facility (the "Revolver"), expiring on June 30, 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. Within the limits specified in paragraph (d) above, and subject to the satisfaction of the applicable conditions precedent in Section 4.02 and as otherwise provided in the Financing Documents, the Borrower may borrow, repay and redraw Drawings during the Drawing Period; provided that the Commitments shall not be reinstated by reason of a prepayment pursuant to Section 2.03(a). Following the Drawing Period, Drawings paid, repaid or prepaid may not be redrawn.
Revolver. Patriot shall, together with Newco's CEO and CFO, make a good faith effort to secure a commitment for a credit facility on behalf of Newco in an estimated amount of $10 - 20 million before the Divestiture.
Revolver. The Revolver shall have been terminated (the “Revolver Termination”).
