Borrower Revolver Increase definition

Borrower Revolver Increase shall have the meaning set forth in Section 2.24 hereof.
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Borrower Revolver Increase has the meaning ascribed to it in Section 1.18(a). “Borrowers” and “Borrower” have the respective meanings ascribed thereto in the preamble to the Agreement.
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Borrower Revolver Increase has the meaning set forth in Section 2.1.7 hereof. Borrowing - a group of Loans of one Type that are made on the same day or are converted into Loans of one Type on the same day. Borrowing Base - on any date of determination, an amount equal to the sum of (i) the Billed Accounts Advance Rate, plus (ii) the Unbilled Accounts Advance Rate minus (iii) the Availability Reserve. Borrowing Base Certificate - a certificate substantially in the form attached hereto as Exhibit B, as such form may be modified by Agent from time to time in its Permitted Discretion or by the other parties hereto with the consent of Agent exercised in its Permitted Discretion, by which Administrative Borrower, on behalf of Borrowers, certifies calculation of the Borrowing Base. Business Day - any day (a) which is neither a Saturday or Sunday nor a legal holiday on which commercial banks are authorized or required to be closed in Boston, Massachusetts; (b) when such term is used to describe a day on which a borrowing, payment, prepayment, or repayment is to be made in respect of any LIBOR Loan, any day which is: (i) neither a Saturday or Sunday nor a legal holiday on which commercial banks are authorized or required to be closed in New York City; and (ii) a London Banking Day; and (c) when such term is used to describe a day on which an interest rate determination is to be made in respect of any LIBOR Loan, any day which is a London Banking Day. Capital Adequacy Regulation - any law, rule, regulation, guideline, request or directive of any central bank or other Governmental Authority, whether or not having the force of law, regarding capital adequacy of a bank or any Person controlling a bank. Capital Expenditures - all liabilities incurred, expenditures made or payments due (whether or not made) by a Person for the acquisition of any fixed assets, or any improvements, replacements, substitutions or additions thereto with a useful life of more than one year, including the principal portion of Capital Leases. For the purpose of this definition, the purchase price of Property which is acquired simultaneously with the trade-in of existing Property owned by such Person or with insurance proceeds shall be included in Capital Expenditures only to the extent of the gross amount of such purchase price less the credit granted by the seller of such Property being traded in at such time or the amount of such proceeds, as the case may be. Capital Lease - any lease that is required to be capitalized...
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Examples of Borrower Revolver Increase in a sentence

  • Agent shall use commercially reasonable efforts to arrange for the syndication of any Borrower Revolver Increase.

  • The aggregate amount of Borrower Revolver Increases hereunder shall not exceed $75,000,000 and no single Borrower Revolver Increase shall be for an amount less than $25,000,000.

  • The aggregate amount of Borrower Revolver Increases hereunder shall not exceed $70,000,000 and no single Borrower Revolver Increase shall be for an amount less than$20,000,000.


More Definitions of Borrower Revolver Increase

Borrower Revolver Increase has the meaning ascribed to it in Section 1.18(a).
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Related to Borrower Revolver Increase

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Incremental Revolving Increase has the meaning set forth in Section 2.16(a).

  • Canadian Borrowing Base means at any time an amount equal to the sum of the Dollar Equivalent of, without duplication:

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Incremental Revolving Facility Lender means a Lender with an Incremental Revolving Facility Commitment or an outstanding Incremental Revolving Loan.

  • Revolving Commitment Increase has the meaning set forth in Section 2.14(a).

  • Term Loan Increase has the meaning set forth in Section 2.14(a).

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Loan Availability means at any time the lesser of (a) the Revolving Loan Commitment or (b) the Borrowing Base Amount.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Requisite Revolving Lenders means Lenders having (a) more than 66 2/3% of the Revolving Loan Commitments of all Lenders, or (b) if the Revolving Loan Commitments have been terminated, more than 66 2/3% of the aggregate outstanding amount of the Revolving Loan.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans outstanding, (b) Revolving L/C Exposures and (c) Available Unused Commitments that, taken together, represent more than 50% of the sum of (x) all Revolving Facility Loans outstanding, (y) all Revolving L/C Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

  • Commitment Increase has the meaning specified in Section 2.18(a).

  • Commitment Increase Date has the meaning assigned to such term in Section 2.08(e).

  • Revolving Facility means, at any time, the aggregate amount of the Revolving Lenders’ Revolving Commitments at such time.

  • Revolving Commitment Increase Lender has the meaning specified in Section 2.14(a).

  • Incremental Revolving Facility has the meaning assigned to such term in Section 2.22(a).

  • Tranche A Borrowing Base means, at any time of calculation, an amount equal to: