Bank Revolving Loan definition

Bank Revolving Loan means a Revolving Credit Loan, a Swing Line Loan, a Local Loan or an Acceptance made under (and as such terms are defined in) the Bank Credit Agreement.
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Bank Revolving Loan means a Revolving Credit Loan made under (and as such term is defined in) the Bank Credit Agreement.
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Bank Revolving Loan means the Revolving Loan as defined in the Bank Agreement.
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Examples of Bank Revolving Loan in a sentence

  • The Borrower hereby authorizes the Bank to rely on telephonic, facsimile or written instructions of any person identifying himself or herself as a person authorized to request a Bank Revolving Loan or to make a repayment hereunder, and on any signature which the Bank believes to be genuine, and the Borrower shall be bound thereby in the same manner as if such person were actually authorized or such signature were genuine.

  • Without limiting the generality of the foregoing, the making of a Bank Revolving Loan or issuance of a Letter of Credit shall not be construed as a waiver of any Default, regardless of whether the Bank may have had notice or knowledge of such Default at the time.

  • Arab Bank Revolving Loan (2)On 3 July 2014, the Group signed a revolving loan agreement with Arab Bank with a ceiling of USD 10 Million to finance letters of credit at an annual interest rate of one month LIBOR +2%.

  • Insofar as the Company may request and the Bank shall make Revolving Loans hereunder, the Bank shall enter such advances as debits on a revolving loan account maintained by the Company with the Bank ("Revolving Loan Account").

  • If the Bank makes a new Bank Revolving Loan to the Borrower hereunder on a day on which the Borrower is required to or has elected to repay all or any part of an outstanding Bank Revolving Loan to the Borrower from the Bank, the Bank shall apply the proceeds of its new Bank Revolving Loan to make such repayment and only an amount equal to the difference (if any) between the amount being borrowed and the amount being repaid shall be made available by the Bank to the Borrower.

  • A Bank Revolving Loan Notice shall not be required in connection with a Bank Revolving Loan made to cover any Deficiency Amount in the Borrower’s operating account on a day to day basis.

  • The Agent shall not request the Bank to make any Ex-Im Bank Revolving Loan if (1) the Agent has received written notice from any Lender that one or more of the applicable conditions precedent set forth in Article 8 will not be satisfied on the requested Funding Date for the applicable Borrowing, or (2) the requested Borrowing would exceed Availability on that Funding Date.

  • If the Bank declines in its sole discretion to make a Non-Ratable Loan pursuant to Section 1.2(h) or an Ex-Im Bank Revolving Loan pursuant to Section 1.2(j), the terms of Section 1.2(g) shall apply to the requested Borrowing.

  • If the Bank declines in its sole discretion to make a Non Ratable Loan pursuant to Section 1.2(h) or an Ex-Im Bank Revolving Loan pursuant to Section 1.2(j), the terms of Section 1.2(g) shall apply to the requested Borrowing.

  • Assumed Indebtedness Buyer and the Company intend to use commercially reasonable efforts to effect an assumption by Buyer (or its designated affiliate) of certain debt obligations of the Company, including the Xxxxx Fargo Revolving Loan, City National Bank Revolving Loan, FC Marketplace, LLC term loan and the “Friends and Family” Bridge Loan, and of two City National Bank SBA Loans (the “Assumed Debt Obligations”), on the existing terms thereof.

Related to Bank Revolving Loan

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Revolving Loans as defined in Section 2.4(a).

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • New Revolving Loans as defined in Section 2.25.

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Revolving Credit Loans as defined in Section 2.1.