Common use of Revolving Loan Limit Clause in Contracts

Revolving Loan Limit. The definition of “Revolving Loan Limit” in the Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following: “ ‘Revolving Loan Limit’ shall mean, as to each Borrower, the amount equal to (a) the lesser of (i) $228,000,000 and (ii) the Eligible Working Capital minus (b) the then outstanding principal amount of the Revolving Loans and Letter of Credit Accommodations provided to the other Borrowers.”

Appears in 1 contract

Samples: Loan Agreement (Wise Metals Group LLC)

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Revolving Loan Limit. The definition of “Revolving Loan Limit” in the Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following: “ ‘Revolving Loan Limit’ shall mean, as to each Borrower, the amount equal to (a) the lesser of (i) $228,000,000 156,000,000 and (ii) the Eligible Working Capital minus (b) the then outstanding principal amount of the Revolving Loans and Letter of Credit Accommodations provided to the other Borrowers.”

Appears in 1 contract

Samples: Loan Agreement (Wise Metals Group LLC)

Revolving Loan Limit. The definition of “Revolving Loan Limit” in Section 1.161 of the Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following: “ : 1. 161 ‘Revolving Loan Limit’ shall mean, as to each Borrowerat any time, the amount equal to (a) $110,000,000, less the lesser of (i) $228,000,000 and (ii) the Eligible Working Capital minus (b) the then outstanding aggregate principal amount of the Revolving Term Loans and Letter of Credit Accommodations provided to the other Borrowersat such time.”

Appears in 1 contract

Samples: Loan and Security Agreement (Handy & Harman Ltd.)

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Revolving Loan Limit. The definition of “Revolving Loan Limit” in Section 1.120 of the Loan Agreement is hereby amended by deleting such definition in its entirety and replacing it with the following: “ : 1. 120 ‘Revolving Loan Limit’ shall mean, as to each Borrowerat any time, the amount equal to (a) $75,000,000, less the lesser of (i) $228,000,000 and (ii) the Eligible Working Capital minus (b) the then outstanding aggregate principal amount of the Revolving Term Loans, Equipment Purchase Term Loans and Letter of Credit Accommodations provided to the other BorrowersSupplemental Term Loans.”

Appears in 1 contract

Samples: Loan and Security Agreement (WHX Corp)

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