Excess Revolving Loans definition

Excess Revolving Loans means the dollar amount (if any) of Total Revolving Outstandings in excess of an amount equal to the difference between (i) $167,527,100 and (ii) the sum of (a) the Revolving Loan Tax Refund Prepayment Amount and (b) the amount of any prepayment of Non-LIFO Revolving Loans made pursuant to Section 4.02(p)."
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Excess Revolving Loans shall have the meaning provided in Section 2.03(b).
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Excess Revolving Loans has the meaning set forth in Section 1.1(A).
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Examples of Excess Revolving Loans in a sentence

  • Borrower acknowledges that Lenders do not presently intend to make, or permit to remain outstanding, Revolving Loans in an aggregate amount in excess of the Maximum Revolving Loan Balance (such Revolving Loans in excess of the Maximum Revolving Loan Balance being referred to as "Excess Revolving Loans"); and if any such Excess Revolving Loans continue to exist for three (3) Business Days or more after demand for repayment, the same shall constitute an Event of Default.

  • If, at any time, (x) the Revolver Usage on such date exceeds (y) the aggregate amount of Revolving Loans permitted pursuant to Section 2.01(a) (such excess being referred to as the “Excess Revolving Loans”), then the Borrowers shall promptly (no later than one (1) Business Day after the occurrence of such Excess Revolving Loans) prepay the Revolving Loans in an aggregate amount equal to the Excess Revolving Loans.

  • In that regard, the provisions of (S)2.13(f) of the Loan Agreement are hereby amended to provide that, prior to the occurrence of a Termination Event pursuant to which the Forbearance Period is terminated, the Net Proceeds from each such event shall be applied as follows: FIRST, an amount equal to the greater of (i) the then outstanding Overadvance, or (ii) the Excess Revolving Loans shall be applied to the principal of the Revolving Loans.

  • If, at any time, (x) the Revolver Usage on such date exceeds (y) the aggregate amount of Revolving Loans permitted pursuant to Section 2.01(a) (such excess being referred to as the “Excess Revolving Loans”), then the Borrower shall immediately prepay the Revolving Loans in an aggregate amount equal to the Excess Revolving Loans.

  • SECOND, an amount equal to the accrued and unpaid interest on the greater of (i) the then outstanding Overadvance, or (ii) the Excess Revolving Loans shall be paid to the Banks participating therein.


More Definitions of Excess Revolving Loans

Excess Revolving Loans means, at any time of calculation, outstanding Revolving Loans plus the aggregate Stated Amount of Letters of Credit (other than the Stock Purchase and IRB Letters of Credit) outstanding at such time, plus the aggregate amount of any unreimbursed draws under outstanding Letters of Credit to the extent in excess of $19,000,000.00.
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Excess Revolving Loans means Loans made under the Revolving Loan Commitment which cause the aggregate principal amount outstanding under the Revolving Loan Commitment to exceed $53,000,000.
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Excess Revolving Loans means the dollar amount (if any) of Total Revolving Outstandings in excess of $167,527,100. ‘Liquidity’ shall mean the sum of (i) cash on hand plus (ii) Total Unutilized Revolving Loan Commitments (assuming the aggregate Commitments thereunder are $225.0 million (less any actual Revolving Loan Commitment reduction effected after the Amendment No. 6 Effective Date)).
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Related to Excess Revolving Loans

  • 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.

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

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

  • New Revolving Loans as defined in Section 2.25.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • 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.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrowers.

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

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

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

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

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

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

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

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

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

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

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • 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

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

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