Initial Revolving Credit Loans definition

Initial Revolving Credit Loans shall have the meaning provided in Section 2.1(c).
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Initial Revolving Credit Loans means the Revolving Credit Loans made under the Initial Revolving Credit Facility.
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Initial Revolving Credit Loans collectively, Standby Loans and Competitive Loans.
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Examples of Initial Revolving Credit Loans in a sentence

  • All Initial Revolving Credit Loans will be made by all Initial Revolving Credit Lenders in accordance with their Pro Rata Share of the Initial Revolving Credit Facility until the Initial Revolver Maturity Date.

  • The Borrower shall repay to the Revolving Credit Lenders under the Initial Revolving Credit Facility on the Maturity Date for the Initial Revolving Credit Facility, the aggregate principal amount of all Initial Revolving Credit Loans outstanding on such date.

  • Initial Revolving Credit Loans may be Base Rate Loans or Term SOFR Loans.

  • The Borrower shall repay to the Revolving Credit Lenders under the Initial Revolving Credit Facility on the Maturity Date for the Initial Revolving Credit Facility the aggregate principal amount of all Initial Revolving Credit Loans outstanding on such date.

  • Notwithstanding anything else herein, if at any time any Successor Rate as so determined would otherwise be less than, (x) solely with respect to the Initial Term Loans, 0.50% per annum or (y) solely with respect to the Initial Revolving Credit Loans, 0.00% per annum, the Successor Rate will be deemed to be 0.50% per annum or 0.00% per annum, respectively, for the purposes of this Agreement and the other Loan Documents.

  • The Borrower shall repay to the Revolving Credit Lenders on the Maturity Date for the Initial Revolving Credit Facility the aggregate principal amount of all Initial Revolving Credit Loans outstanding on such date.

  • All Initial Revolving Credit Loans will be made by all Initial Revolving Credit Lenders in accordance with their Pro Rata Share of the aggregate amount of Initial Revolving Credit Commitments until the Initial Revolver Maturity Date.

  • The Borrower shall pay to the Administrative Agent for the account of each Revolving Credit Lender in accordance with its Pro Rata Share a fee (each an “L/C Fee”) for each Letter of Credit issued for the account of the Borrower equal to the Applicable Margin for Initial Revolving Credit Loans times the daily maximum amount then available to be drawn under such Letter of Credit.

  • The Borrower will use the proceeds of the Second Amendment Incremental Term Loans, the Initial Revolving Credit Loans and the L/C Credit Extensions for working capital, capital expenditures and other lawful general corporate purposes (which, for the avoidance of doubt, may include repurchasing, repaying, acquiring or otherwise settling a portion of the Borrower’s Convertible Notes and paying related premiums, fees and expenses in connection therewith).

  • IfWith respect to Letter of Credit Fees owing to Original Initial Revolving Credit Lenders, if there is any change in the Applicable Rate for Original Initial Revolving Credit Loans during any quarter, the daily maximum amount of each Letter of Credit shall be computed and multiplied by the Applicable Rate for Original Initial Revolving Credit Loans separately for each period during such quarter that such Applicable Rate was in effect.


More Definitions of Initial Revolving Credit Loans

Initial Revolving Credit Loans shall have the meaning provided in the definition of the term “Revolving Credit Commitment”.
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Initial Revolving Credit Loans under the Amended Credit Agreement and the other Loan Documents. Each financial institution set forth on Schedule II hereto shall, from and after the Amendment Effective Date, have all of the rights and obligations of a “Revolving Credit Lender” under the Amended Credit Agreement and the other Loan Documents. The terms of the Initial Revolving Credit Commitments and the Initial Revolving Credit Loans shall be as set forth in the Amended Credit Agreement. All New Term Loan B Loans shall be “Initial Term Loans” and “Term Loans”, in each case, for all purposes of the Amended Credit Agreement and the other Loan Documents. Each New Term Loan B Lender shall, from and after the Amendment Effective Date, have all of the rights and obligations of a “Term Loan Lender” under the Amended Credit Agreement and the other Loan Documents. The terms of the Initial Term Loans will be as set forth in the Amended Credit Agreement.
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Initial Revolving Credit Loans. “Revolving Credit Loans” and “Incremental Revolving Loans”, as the context may require; (ii) the Additional Revolving Commitments shall be “Commitments”, “Revolving Credit Commitments”, “Initial Revolving Credit Commitments” and “Incremental Revolving Credit Commitments”, as the context may require, and (iii) this Agreement shall be an “Incremental Loan Assumption Agreement” and a “Loan Document”, as the context may require, in each case, for all purposes under the Credit Agreement and the other
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Initial Revolving Credit Loans means revolving credit loans issued under the Initial Revolving Credit Commitments on and after the Closing Date but prior to the First Restatement Date.
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Related to Initial Revolving Credit Loans

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

  • 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.

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

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

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Revolving Credit Loans as defined in Section 2.1.

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

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

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

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

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

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

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

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

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.