Revolving Credit Limit. After making the Credit Extensions requested on such Credit Date, the Total Utilization of Revolving Credit Commitments will not exceed the Revolving Credit Limit then in effect;
Revolving Credit Limit. The Borrowers shall from time to time prepay first, the Swing Line Loans, and second, the Revolving Loans to the extent necessary so that the Total Utilization of Revolving Credit Commitments shall not at any time exceed the Revolving Credit Limit then in effect (other than to the extent such excess is due to currency fluctuations, which shall be governed by Section 2.28).
Revolving Credit Limit. The reference to “NINETEEN MILLION AND 00/100 DOLLARS ($19,000,000.00)” contained in clause (a) of Section 2.1 of the Loan Agreement is hereby deleted in its entirety and replaced with “TWENTY ONE MILLION AND 00/100 DOLLARS ($21,000,000.00)”.
Revolving Credit Limit. The aggregate of all Revolving Loan Commitments from time to time under this Agreement, as may be reduced from time to time pursuant to this definition, Section 2.5, Section 3.1.3, Section 4.2.3 or Section 10.3.1(j). As of the date hereof, the Revolving Credit Limit equals $225,000,000. Notwithstanding the foregoing, following the date hereof, and prior to March 31, 2009, the Revolving Credit Limit may be increased from time to time up to an amount not to exceed $300,000,000 by Revolving Credit Lenders increasing their respective Revolving Loan Commitments, or by Eligible Assignees making Revolving Loan Commitments, by executing and delivering a joinder to this Agreement. In the event that the Revolving Credit Limit exceeds $275,000,000 on March 31, 2009, the Revolving Credit Limit shall be reduced to $275,000,000 on March 31, 2009, and the Revolving Loan Commitment of each Revolving Lender shall be reduced proportionately to reflect such reduction. Promptly upon the execution and delivery of any such joinders, or in the event of any such reduction, the Administrative Agent will provide written notice to the Borrowers, the Guarantors and the Lenders of the increases or decrease, respectively, in the Revolving Credit Limit and the Total Credit Amount then occurring. From time to time as the Administrative Agent provides notice of an existing or new Lender undertaking an additional or new Revolving Loan Commitment, or in the event of any such decrease, the Administrative Agent will also provide a revised Schedule 2 pursuant to Section 17.3 reflecting the updated Revolving Loan Commitments and the then applicable Revolving Credit Limit. Revolving Exposure. At any time, the sum of the outstanding amount of all Revolving Loans, plus the outstanding amount of all Swingline Loans, plus the Maximum Drawing Amount, plus, without duplication, all Unpaid Reimbursement Obligations. Revolving Loan Account. See Section 17.3.
Revolving Credit Limit. (i) The Revolving Credit Limit shall be adjusted as at the date of each receipt by the Administrative Agent of a Borrowing Base Certificate and shall remain in effect until receipt by the Administrative Agent of a subsequent Borrowing Base Certificate; provided that if the Administrative Agent does not receive a Borrowing Base Certificate on or before the date required pursuant to Section 8.3(e), the Revolving Credit Limit shall be reduced to the lowest Revolving Credit Limit in the preceding twelve (12) months or such lower amount estimated by the Administrative Agent to be the Revolving Credit Limit determined in accordance with the Borrowing Base formula, until such time as a Borrowing Base Certificate is thereafter received by the Administrative Agent.
(ii) The Lenders shall have no obligation to make any advance under the Revolving Credit Facility if after making such advance the Outstanding Advances under the Revolving Credit Facility would exceed the Revolving Credit Limit then in effect.
(iii) Subject to Section 2.1(f)(iv) below, if at any time the aggregate amount of the Outstanding Advances under the Revolving Credit Facility is in excess of the Revolving Credit Limit for any reason (specifically including as a result of a fluctuation in currency exchange rates), the Borrower agrees that within two (2) Business Days after receipt of a written request from the Administrative Agent it will make a repayment under the Revolving Credit Facility in such amount as will result in the aggregate amount of the Outstanding Advances under the Revolving Credit Facility not exceeding the Revolving Credit Limit. The Administrative Agent shall first apply such repayment against Swing Loans and Export Loans and shall second apply such repayment against Prime Rate Loans and Base Rate Loans (as applicable) under the Revolving Credit Facility.
(iv) For the purposes of calculating the Revolving Credit Limit in Section 2.1(f)(iii) only, in the event that the Borrower is in compliance with Section 8.3(k), during such week it may add the Senior Funded Debt Assigned Cash balance reported for such week to its Borrowing Base (less any portion of the Senior Funded Debt Assigned Cash already included in the Borrowing Base pursuant to Assigned Cash).
Revolving Credit Limit. On the terms and subject to the conditions set forth herein, the Lender agrees that it shall from time to time to but not including the earlier to occur of the Conversion Date and the Maturity Date (as such terms and capitalized terms not otherwise defined herein are defined in Paragraph 11 below) make loans (the "Revolving Loans" or a "Revolving Loan") to the Company in an amount not to exceed, in the aggregate at any one time outstanding, the lesser of:
(1) The Revolving Credit Limit; and
(2) The Collateral Value of the Residuals Borrowing Base; minus, in each case, the aggregate amount of all outstanding Other NationsBank Obligations."
Revolving Credit Limit. The reference to “TWENTY SEVEN MILLION AND 00/100 DOLLARS ($27,000,000.00)” contained in clause (a) of Section 2.1 of the Loan Agreement is hereby deleted in its entirety and replaced with “SIXTY MILLION AND 00/100 DOLLARS ($60,000,000.00)”. The reference to “the sum of (i) the Borrowing Base, plus (ii) the Purchased Inventory Sublimit Cap” contained in clause (b) of Section 2.1 of the Loan Agreement is hereby deleted in its entirety and replaced with “the Borrowing Base”.
Revolving Credit Limit. Revolving Credit Limit" means (a) during the Commitment Period and prior to the Bank of America Credit Facility Effective Date, the principal sum of $2,000,000.00; and (b) following the Bank of America Credit Facility Effective Date and during the remainder of the Commitment Period, the principal sum of $4,000,000.00.
Revolving Credit Limit. The definition of "Revolving Credit Limit" in PARAGRAPH 1 is amended to read as follows:
Revolving Credit Limit. Lender previously made Loans and other financial accommodations to Borrower in accordance with this Agreement. As of June 21, 2012, the outstanding principal amount of the Revolving Loan Advances is $15,000,000. After June 21, 2012, Borrower shall not request any Revolving Loan Advances, and Lender shall not be obligated to, and shall not, make any Revolving Loan Advances under this Agreement available to, or for the benefit of, Borrower.
