Maximum Amount of Revolving Credit definition

Maximum Amount of Revolving Credit is defined in Section 2.1.2.

Maximum Amount of Revolving Credit means the lesser of:

Maximum Amount of Revolving Credit is defined in Section 2.1.2. ----------------------------------

Examples of Maximum Amount of Revolving Credit in a sentence

• Letter of Credit Exposure plus the Revolving Loan shall in no event exceed the Maximum Amount of Revolving Credit.

• The sum of Letter of Credit Exposure plus the Revolving Loan shall in no event exceed the Maximum Amount of Revolving Credit.

• In the event such amount would cause the Revolving Loan to exceed the Maximum Amount of Revolving Credit or in the event the Agent has previously provided written notice to the Borrower that Letter of Credit payments will no longer be considered loans under Section 2.1.1, the Borrower will on demand pay to the Agent in immediately available funds the amount of such payment.

• If at any time the Revolving Loan exceeds (i) the Maximum Amount of Revolving Credit or (ii) the amount permitted by Section 2.1.2, the Borrowers promptly will jointly and severally pay the amount of such excess to the Agent for the account of each Lender for credit to the Revolving Notes.

• In the event such amount would cause the Revolving Loan to exceed the Maximum Amount of Revolving Credit or if during the existence of an Event of Default the Agent provides written notice to the Company that Letter of Credit payments will no longer be considered loans under Section 2.1.1, the Company will on demand pay to the Agent in immediately available funds the amount of such payment.

More Definitions of Maximum Amount of Revolving Credit

Maximum Amount of Revolving Credit means, on any date, the lesser of (a) $75,000,000 or (b) the amount (in an integral multiple of $1,000,000) to which the then applicable amount shall have been irrevocably reduced from time to time by notice from the Company to the Agent."

Maximum Amount of Revolving Credit means, on any date, the lesser of (a) $75,000,000 or (b) the amount (in an integral multiple of $1,000,000) to which the then applicable amount shall have been irrevocably reduced from time to time by notice from the Company to the Agent.

Maximum Amount of Revolving Credit means $25,000,000 minus Net Asset Sale Proceeds required to be prepaid pursuant to Section 4.5 hereof.

Maximum Amount of Revolving Credit. The term "Maximum Amount of Revolving Credit" means, on any date, the lesser of (a) (i) $5,000,000 minus (ii) to the extent not used to reduce the Term Loan in accordance with Section 4.3, Net Asset Sale Proceeds described in Section 4.3.3 and Net Equity Proceeds described in Section 4.3.4, minus (iii) to the extent not used to reduce the Term Loan in accordance with Section 4.3.2, 50 % of Consolidated Excess Cash Flow, or (b) the amount (in an integral multiple of $100,000) to which the then applicable amount shall have been irrevocably reduced from time to time by notice from the Borrower to the Agent.

Maximum Amount of Revolving Credit means the lesser of (i) $65,000,000 or such lesser amount to which the lending commitment of the Lenders may be reduced pursuant to Section 4, and (ii) such amount (in a minimum amount of $10,000,000 and an integral multiple of $5,000,000) less than the Maximum Amount of Revolving Credit then in effect as specified by irrevocable notice from the Company to the Agent."

Maximum Amount of Revolving Credit means, on any date, the amount set forth for such date in the table below, reduced as provided further below: Percentage Date Stated Amount Reduction Prior to September 30, 2001 $ 79,699,264 0.000 % September 30, 2001 through December 30, 2001 $ 77,706,782 2.500 % Percentage Date Stated Amount Reduction December 31, 2001 through March 30, 2002 $ 75,714,301 2.500 % March 31, 2002 through June 29, 2002 $ 73,721,819 2.500 % June 30, 2002 through September 29, 2002 $ 71,729,338 2.500 % September 30, 2002 through December 30, 2002 $ 69,736,856 2.500 % December 31, 2002 through March 30, 2003 $ 67,744,374 2.500 % March 31, 2003 through June 29, 2003 $ 65,751,893 2.500 % June 30, 2003 through September 29, 2003 $ 63,759,411 2.500 % September 30, 2003 through December 30, 2003 $ 61,766,930 2.500 % December 31, 2003 through March 30, 2004 $ 59,774,448 2.500 % March 31, 2004 through June 29, 2004 $ 55,789,485 5.000 % June 30, 2004 through September 29, 2004 $ 51,804,522 5.000 % September 30, 2004 through December 30, 2004 $ 47,819,558 5.000 % December 31, 2004 through March 30, 2005 43,834,595 5.000 % March 31, 2005 through June 29, 2005 $ 38,853,391 6.250 % June 30, 2005 through September 29, 2005 $ 33,872,187 6.250 % Percentage Date Stated Amount Reduction September 30, 2005 through December 30, 2005 $ 28,890,983 6.250 % December 31, 2005 through March 30, 2006 $ 23,909,779 6.250 % March 31, 2006 through June 29, 2006 $ 17,932,334 7.500 % June 30, 2006 through September 29, 2006 $ 11,954,890 7.500 % September 30, 2006 up to the Final Revolving Maturity Date $ 5,977,445 7.500 % Final Revolving Maturity Date $ 0 7.500 % Each amount in the foregoing table shall be further permanently reduced by the following amounts:

Maximum Amount of Revolving Credit means, on any date, the amount set forth for such date in the table below, reduced as provided further below: Percentage Date Stated Amount Reduction ---- ------------- --------- Prior to September 30, 2001 $646,049,740 0.000% September 30, 2001 through December 30, 2001 $629,898,497 2.500% December 31, 2001 through March 30, 2002 $613,747,253 2.500% March 31, 2002 through June 29, 2002 $597,596,010 2.500% June 30, 2002 through September 29, 2002 $581,444,766 2.500% September 30, 2002 through December 30, 2002 $565,293,523 2.500% December 31, 2002 through March 30, 2003 $549,142,279 2.500% March 31, 2003 through June 29, 2003 $532,991,036 2.500% June 30, 2003 through September 29, 2003 $516,839,792 2.500% September 30, 2003 through December 30, 2003 $500,688,549 2.500% December 31, 2003 through March 30, 2004 $484,537,305 2.500% March 31, 2004 through June 29, 2004 $452,234,818 5.000% June 30, 2004 through September 29, 2004 $419,932,331 5.000%