Revolving Credit Availability. After giving effect to the Credit Extension so requested, the Aggregate Revolving Credit Exposure shall not exceed the Aggregate Commitments in effect as of the date of such Credit Extension. Each Credit Extension hereunder shall be deemed to be a representation and warranty by Borrower that the conditions specified in this Section 5.2 have been satisfied on and as of the date of the applicable Credit Extension.
Revolving Credit Availability. Agent shall have received satisfactory evidence that, as of the Effective Date, the Revolving Credit shall be undrawn (other than the Letters of Credit issued on the Effective Date).
Revolving Credit Availability. On the Closing Date, the Revolving Credit Availability shall be no less than Ten Million Dollars ($10,000,000); provided that, for purposes of calculating the Revolving Credit Availability under this Section 4.2(n), Revolving Credit Exposure shall include, without duplication, (i) any fees and expenses due under Section 4.2(k) hereof, (ii) any accounts payable of Borrowers with balances over sixty (60) days past due, and (iii) Borrowers’ initial credit request under the Revolving Credit Commitment.
Revolving Credit Availability. The maximum amount of loans that Borrower may borrow from the lenders pursuant to §2.1 of this Agreement (not including any amounts Borrower may borrow pursuant to §2.11 of this Agreement until the conditions of the commitment increase thereunder have been satisfied by Borrower), less the sum of (i) the amount of all outstanding Revolving Credit Loans, and (ii) the aggregate amount of Letter of Credit Liabilities.
Revolving Credit Availability. The maximum amount of Loans that Borrower may borrow from Banks pursuant to §2.2 of this Agreement, less the sum of the amount of all outstanding Loans. S&P. Standard & Poor’s Ratings Group. SEC. The federal Securities and Exchange Commission.
Revolving Credit Availability. After giving effect to any requested extension of credit, the aggregate principal amount of all Revolving Loans and L/C Obligations under this Credit Agreement shall not exceed the aggregate Revolving Credit Commitments.
Revolving Credit Availability. Subject to the terms and conditions set forth in this Agreement, each Lender hereby severally and not jointly agrees to make revolving loans, in Dollars (each individually, a "Revolving Loan" and, collectively, the "Revolving Loans") to Borrower from time to time during the period from the Effective Date to the Business Day immediately preceding the Termination Date, in an amount which shall not exceed such Lender's Pro Rata Share of the Revolving Credit Availability at such time.
Revolving Credit Availability. At any time of reference thereto, the amount by which the Total Revolving Credit Commitment as in effect at such time exceeds the aggregate of (a) the outstanding amount of Revolving Credit Loans at such time (after giving effect to all amounts requested) plus (b) the sum of the Maximum Drawing Amount, all Unpaid Reimbursement Obligations and the International Facility Amount at such time.
Revolving Credit Availability. 2.2.1 On the Effective Date, the Company shall have the option to elect the Revolving Credit Availability to be $5,000,000.00, $10,000,000.00, $15,000,000.00 or $20,000,000.00 (which amount is subject to reduction under Section 2.2.2 below). The Company shall make it's election by delivery on the Effective Date of a certificate executed by the Company's Chief Financial Officer. If on the Effective Date, the Company elects the Revolving Credit Availability to be less than $20,000,000.00, then after the Effective Date, subject to the terms and conditions herein, the Company may elect to increase the Revolving Credit Availability by increments of $5,000,000.00 up to a maximum $20,000,000.00 less the amount of any permanent reductions previously made pursuant to Section 2.2.2, provided that each of the following conditions are fulfilled to the satisfaction of Bank:
2.2.1.1 The Company shall have given notice pursuant to and in compliance with Section 2.5 below.
2.2.1.2 The Company shall have delivered to the Bank an Officer's Certificate in the form of Exhibit 2.
2.1. 2 and shall have given notice pursuant to and in compliance with Section 2.5 below.
2.2.1.3 The Company shall have paid to the Bank a facility fee equal to 0.10% (ten basis points) of the amount of the requested increase in the Revolving Credit Availability.
2.2.1.4 No Event of Default shall have occurred and no condition shall exist which, with notice or elapse of time, or both, would constitute an Event of Default and/or the Bank shall not have accelerated demand of payment of any Indebtedness.
2.2.2 The Borrower may, at any time or from time to time, permanently reduce the aggregate unused amount of the Revolving Credit Availability by giving written notice thereof as provided in Section 2.3 below, provided each partial reduction shall be in an aggregate amount at least equal to $100,000.00 or in multiples thereof.
Revolving Credit Availability. The maximum amount of loans that Borrower may borrow from the lenders pursuant to Section 2.1 of the Existing Master Credit Agreement (not including any amounts Borrower may borrow pursuant to Section 2.11 of the Existing Master Credit Agreement until the conditions of the commitment increase thereunder have been satisfied by Borrower), less the sum of (i) the amount of all outstanding Revolving Credit Loans, and (ii) the aggregate amount of Letter of Credit Liabilities. Revolving Credit Loans. As defined in the Existing Master Credit Agreement.
