Funded Revolver definition

Funded Revolver means the sum of (i) the average daily balance of Revolving Loans plus (ii) the average daily aggregate amount of outstanding Letter of Credit Liability, in each case during the preceding month.
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Examples of Funded Revolver in a sentence

  • The aggregate amount of Swing Line Advances outstanding shall not exceed at any time the lesser of (A) the Swing Line Commitment and (B) the lesser of the Maximum Amount and (except for Overadvances) the sum of the Revolver Borrowing Base and the First Funded Revolver Borrowing Base, in each case, less the outstanding balance of the Loans at such time (“Swing Line Availability”).

  • As at the end of any fiscal quarter or any other date of measurement, the Borrower shall not permit the ratio of (i) Borrowing Base Asset Value to (ii) Total Funded Revolver Debt to be equal to or less than 1.67 to 1.0.

  • Until the Commitment Termination Date, Borrowers may borrow, repay and reborrow under this Section 1.1(b); provided that the amount of any First Funded Revolving Credit Advance to be made at any time shall not exceed First Funded Revolver Borrowing Availability at such time.

  • First Funded Revolver Borrowing Availability may be reduced by Reserves imposed by Agent in its Permitted Discretion.

  • If any Lender does not pay to the Canadian Lender the amount of the aggregate outstanding amount of its Pro Rata Share of Canadian Advances within three (3) Business Days after receipt of the Put Notice (the “Put Date”), such amount shall be due and payable on demand and shall bear interest at the Index Rate plus the Applicable Revolver Index Rate Margin or the Applicable First Funded Revolver Index Rate Margin, as applicable, plus a gross-up for any applicable withholding taxes, until paid.

  • Until the Commitment Termination Date, Borrowers may borrow, repay and reborrow under this Section 1.1(d); provided that the amount of any Canadian Advance to be made at any time shall not exceed First Funded Revolver Borrowing Availability or Revolver Borrowing Availability (as the case may be) at such time; and provided, further, the aggregate outstanding amount of Canadian Advances shall not exceed the Canadian Sublimit at any time.

  • For purposes of computing interest and Fees and determining Revolver Borrowing Availability and/or First Funded Revolver Borrowing Availability as of any date, all payments shall be deemed received on the first Business Day following the Business Day on which immediately available funds therefor are received in the US Collection Account or Canadian Collection Account, as applicable, prior to 2:00 p.m. (New York time).