Loans under Revolving Credit Facility definition

Loans under Revolving Credit Facility. All outstanding Loans under Revolving Credit Facility will bear interest at the following rate:
Sample 1Sample 2Sample 3
Loans under Revolving Credit Facility. All outstanding Loans under Revolving Credit Facility will bear interest at the following rate: Prime Rate: The Prime Rate plus .50% per annum. Other Rate: LIBOR plus 3.0% per annum.
Sample 1
Loans under Revolving Credit Facility. All outstanding Loans under Revolving Credit Facility will bear interest at the following rate: Prime Rate: At a fluctuating rate per annum equal to the Prime Rate. Interest Payment Dates: Interest on all outstanding Loans under Revolving Credit Facility will be paid at least once each month on the last day of the month. FEES: • Facilities Fee: Borrower will pay the following Facilities Fee to Trade Bank before any Facility, including this Facility, is made available to Borrower: $25,000.
Sample 1

Examples of Loans under Revolving Credit Facility in a sentence

  • The term and prepayment conditions of the Loans under Revolving Credit Facility are set forth in Revolving Credit Loans Note.

  • Loans under Revolving Credit Facility: All outstanding Loans under Revolving Credit Facility will bear interest at the following rate: Prime Rate: The Prime Rate minus 1.75% per annum.

  • Other Rate: Libor plus 1.50% per annum Interest Payment Dates: Interest on all outstanding Loans under Revolving Credit Facility will be paid at least once each month on the first day of the month.

  • Each Bank's Revolving Credit Facility A Loan Commitment shall expire on the Revolving Credit Facility A Termination Date and all Revolving Credit Loans under Revolving Credit Facility A shall be paid in full no later than that date.

  • The Loans under Revolving Credit Facility A shall be evidenced by Revolving Credit Note A in substantially the form of Exhibit A hereto, and the Loans under Revolving Credit Facility B shall be evidenced by Revolving Credit Note B in substantially the form of Exhibit B hereto (each a "Revolving Credit Note"), dated as of the Closing Date and completed with appropriate insertions.

  • Loans under Revolving Credit Facility: All outstanding Loans under Revolving Credit Facility will bear interest at the following rate: Prime Rate: The Prime Rate minus .25% per annum.

  • In addition, at no time shall the amount of outstanding Loans under Revolving Credit Facility A plus Letter of Credit Outstandings exceed the lesser of Revolving Credit Facility A or the Borrowing Base and the Borrower shall immediately make such payments and prepayments as shall be necessary to comply with this restriction.

  • To the extent the principal amount of outstanding Loans under Revolving Credit Facility A plus Letter of Credit Outstandings exceeds Revolving Credit Facility A after giving effect to such reduction, the Borrower shall pay outstanding Loans in the amount of such excess.

  • LOANS UNDER REVOLVING CREDIT CLEAN-UP PROVISION: The unpaid principal balance of all Loans under Revolving Credit Facility must be kept at zero for at least THIRTY (30) consecutive calendar days during each of Borrower's fiscal years.

  • Upon termination of the Revolving Credit Facility A Loan Commitments by the Banks upon the occurrence and during the continuation of an Event of Default, or by the Borrowers at any time in their sole and absolute discretion, the entire unpaid principal balance of and all accrued and unpaid interest on the Revolving Credit Loans under Revolving Credit Facility A and all other Obligations shall be respectively due and payable in full to the Banks.


More Definitions of Loans under Revolving Credit Facility

Loans under Revolving Credit Facility. All outstanding Loans under Revolving Credit Facility will bear interest at the following rate at the Borrower's option:
Sample 1

Related to Loans under Revolving Credit Facility

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

  • Revolving Credit Facilities means the collective reference to the Dollar Revolving Credit Facility and the Alternative Currency Revolving Credit Facility.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

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

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

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

  • Revolving Credit Loans as defined in Section 2.1.

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

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

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

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

  • 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.

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

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Incremental Revolving Credit Commitments has the meaning set forth 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

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

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

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

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

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

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

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

  • 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.