Initial Revolving Advance definition

Initial Revolving Advance has the meaning set forth in Section 2.2(a) hereof.
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Initial Revolving Advance means the initial Revolving Advance to be made hereunder in the principal amount of $1,000,000.00.
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Initial Revolving Advance means one or more borrowings of Revolving Loans on the Closing Date in an amount not to exceed (x) $100,000,000 to be used to finance the Rams Acquisition and the Refinancing plus (y) $100,000,000 to be used for working capital and other general corporate purposes; provided that, without limitation, Facility LCs may be issued on the Closing Date to backstop or replace letters of credit, guarantees and performance or similar bonds outstanding on the Closing Date.
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Examples of Initial Revolving Advance in a sentence

  • Section 4.1 Conditions Precedent to the Initial Revolving Advance, the Term Advances and the Initial Capital Expenditure Advance.

  • Section 4.1 Conditions Precedent to the Initial Revolving Advance and the Initial Letter of Credit .

  • The Initial Revolving Advance shall be disbursed on terms and conditions set forth in Article 5 of this Agreement, and each Subsequent Revolving Advance hereunder shall be disbursed by each Lender in the manner set forth in Articles 6 and 11 of this Agreement.

  • Consider Making the Initial Revolving Advance and Cause the Issuance of the IBM L/C.

  • Conditions Precedent to the Initial Revolving Advance and the Term Loan B.

  • Notwithstanding anything to the contrary herein, Lenders shall not make any additional Revolving Advance to Borrowers after the Initial Revolving Advance until all appraisals ordered by Agent prior to the Closing Date have been received and approved by Agent.

  • The Borrower shall use the Initial Revolving Advance, along with the proceeds of the Initial Term Loan Advance and the Junior Loan, to pay in full all amounts outstanding under the Existing Term Loan.

  • Section 4.1 Conditions Precedent to the Initial Revolving Advance and Letter of Credit.

  • Written election by Borrower of the interest rate to apply to the Initial Revolving Advance (as more particularly provided in Section 2(a)(v)) and the interest rate to apply to the Initial Term Loan Advance (as more particularly provided in Section 2(b)(v)).

  • The Borrower shall use the Initial Term Loan Advance, along with the proceeds of the Initial Revolving Advance and the Junior Loan, to pay in full all amounts outstanding under the Existing Term Loan, and shall use any subsequent Term Loan Advance for Financed Acquisitions with the consent of Lender.


More Definitions of Initial Revolving Advance

Initial Revolving Advance means the initial Revolving Advance (or series of initial Revolving Advances) to be made on the Closing Date.
Sample 1
Initial Revolving Advance means the Advance in the amount of (pound)21,215,886.71 to be made under the Revolving Facility to finance the purchase by the Borrower of Existing Mortgage Loans acquired by the Lender under the Mortgage Loan Purchase Agreement on or after 1 January, 1998.
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Initial Revolving Advance as defined in Section 2.1(b) of this Agreement
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Related to Initial Revolving Advance

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

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

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

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

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

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

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

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Initial Revolving Facility means the Initial Revolving Credit Commitments and the Initial Revolving Loans and other extensions of credit thereunder.

  • 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.

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

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

  • Incremental Revolving Commitment has the meaning assigned to such term in Section 2.14(a).

  • Maximum Revolving Advance Amount means $25,000,000.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

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

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

  • Additional Revolving Facility means any revolving credit facility added pursuant to Sections 2.22, 2.23 or 9.02(c)(ii).

  • Initial Revolving Credit Commitment means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving Credit Commitments as of the Closing Date is $75,000,000.

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

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

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

  • Incremental Revolving Commitments has the meaning specified in Section 2.14(a).

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