Loan Limits for Revolving Loans definition

Loan Limits for Revolving Loans. (a) Maximum Facility Amount: $5,000,000
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Loan Limits for Revolving Loans. (a) Maximum Facility Amount: $8,500,000, in the aggregate to the Companies (b) Advance Rates: (i) Accounts Advance 80% (or 90% in the case of Accounts Rate: owing by the United States government ("Government Accounts") after proof of payment sign-off); provided, that if the Dilution Percentage exceeds 7% (or 2% in the case of Government Accounts), such advance rate will be reduced by the number of full or partial percentage points of such excess (ii)Inventory Advance Not applicable Rate(s): (c) Accounts Sublimit: Not applicable (d) Inventory Sublimit(s): Not applicable (e) Credit Accommodation Limit: Not applicable (f) Permanent Reserve Amount: Not applicable
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Loan Limits for Revolving Loans. A. Maximum Facility Amount: $ 5,000,000 B. Advance Rates: 1. Accounts Advance Rate: 85 %; provided, that if the Dilution Percentage exceeds 5 %, such advance rate will be reduced by the number of full or partial percentage points of such excess
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Examples of Loan Limits for Revolving Loans in a sentence

  • If at any time for any reason whatsoever (including as a result of currency fluctuations) (i) the outstanding balance of all Revolving Loans exceeds the lesser of (x) the Maximum Revolving Facility Amount minus Reserves established against the Maximum Revolving Facility Amount and (y) the Borrowing Base or (ii) any of the Loan Limits for Revolving Loans are exceeded, then, in each case, Borrowers will immediately pay to Agent such amounts as shall cause Borrowers to eliminate such excess.

  • If at any time for any reason whatsoever (including as a result of currency fluctuations) (i) the outstanding balance of all Revolving Loans exceeds the lesser of (x) the Maximum Revolving Facility Amount and (y) the Borrowing Base or (ii) any of the Loan Limits for Revolving Loans are exceeded, then, in each case, Borrowers will immediately pay to Agent such amounts as shall cause Borrowers to eliminate such excess.

  • If at any time for any reason whatsoever (including as a result of currency fluctuations) (i) the outstanding balance of all Revolving Loans exceeds the lesser of (x) the Maximum Revolving Facility Amount minus the amount of Reserves established against the Maximum Revolving Facility Amount and (y) the Borrowing Base or (ii) any of the Loan Limits for Revolving Loans are exceeded, then, in each case, Borrowers will immediately pay to Agent such amounts as shall cause Borrowers to eliminate such excess.


More Definitions of Loan Limits for Revolving Loans

Loan Limits for Revolving Loans. (a) Maximum $10,000,000 Facility Amount: (b) Advance Rates: (i) Accounts 80%; provided, that if the Dilution Advance Percentage exceeds 5%, such advance rate Rate: will be reduced by the number of full or partial percentage points of such excess (ii) Inventory Advance Rate(s): (A) Finished goods consisting of Ordinary Inventory: 50% (B) Finished goods consisting of MDC Inventory: 67% (C) Raw materials: not applicable (D) Work in process: not applicable (c) Accounts At any time of determination, the Sublimit: Maximum Fields Facility Amount less the aggregate advances against Inventory outstanding at such time
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Loan Limits for Revolving Loans. Maximum Facility Amount: $17,000,000 Advance Rates:
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Loan Limits for Revolving Loans. (e) Additional Advance Rates:
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Loan Limits for Revolving Loans. (a) Maximum Facility $8,500,000 Amount: (b) Advance Rates: (i) Accounts 85%; PROVIDED, that if the Advance Rate: Dilution Percentage exceeds 5.0%, Lender may, at its option, (i) reduce such advance rate or (ii) implement a collateral reserve, each in the amount of such excess Dilution Percentage (ii) Inventory Advance Rate(s): (A) Finished 54% (excluding finished goods goods: Inventory which has not turned over in one year or more ("Excess Finished Goods Inventory") and finished goods Inventory not advertised in Borrower's then current catalogue ("Obsolete Inventory")) (B) Raw 41% materials: (C) Work in 54% process:
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Related to Loan Limits for Revolving Loans

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

  • New Revolving Loans as defined in Section 2.25.

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

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

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

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • 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 Loans shall have the meaning assigned to such term in Section 2.1(a).

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

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

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • 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.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

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

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • 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).

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

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

  • 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

  • Canadian Revolving Loans means Revolving Loans made to the Canadian Borrower under Section 2.2, including Bankers’ Acceptance Advances.

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

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

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