Maximum Available Revolving Credit Amount definition

Maximum Available Revolving Credit Amount means Sixty Million Dollars ($60,000,000), less any reduction to said Maximum Available Revolving Credit Amount pursuant to Section 2.04 hereof, but subject to increase in accordance with Section 2.17 hereof.
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Maximum Available Revolving Credit Amount set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety to read as follows:
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Maximum Available Revolving Credit Amount means Fifty Million Dollars ($50,000,000), LESS any reductions to said Maximum Revolving Credit Amount pursuant to Section 2.04, but subject to the limitations set forth in Section 8.17 hereof."
Sample 1

Examples of Maximum Available Revolving Credit Amount in a sentence

  • Any partial reduction of the Maximum Available Revolving Credit Amount shall be in a minimum amount equal to $500,000 or any whole multiple thereof and shall reduce each Lender's Credit Commitment proportionately in accordance with its Pro Rata Share.

  • The Borrower shall have the right, upon not less than three (3) Business Days' prior written notice to the Agent (which the Agent shall promptly transmit to the Lenders), to reduce all or part of the Maximum Available Revolving Credit Amount, such reduction to be permanent and irrevocable upon delivery of said notice.

  • The Borrower shall have the right, upon not less than three (3) Business Days’ prior written notice to the Agent (which the Agent shall promptly transmit to the Lenders), to reduce all or part of the Maximum Available Revolving Credit Amount, such reduction to be permanent and irrevocable upon delivery of said notice.

  • This means that the parents/ guardians must cover all the costs of a student, which can be exceedingly difficult, especially if multiple dependents are attending university simultaneously.

  • Any partial reduction of the Maximum Available Revolving Credit Amount shall be in a minimum amount equal to $500,000 or any whole multiple thereof and shall reduce each Lender’s Credit Commitment proportionately in accordance with its Pro Rata Share.

  • On June 30, 2006, the Borrowers shall pay the Agent a fee in the amount of $425,000 (for the ratable benefit of the Lenders executing the Second Forbearance Agreement) which will be fully earned on June 30, 2006 which shall be deemed part of the Obligations; provided however, that such fee shall be waived if, on or before June 30, 2006, the Loans and the Maximum Available Revolving Credit Amount have been permanently reduced to an amount equal to or less than $50,000,000.00.

  • The definition of “Maximum Available Revolving Credit Amount” is amended and restated in its entirety to read as follows: “Maximum Available Revolving Credit Amount” shall mean Sixty-Two Million Dollars ($62,000,000), less any reduction to said Maximum Available Revolving Credit Amount pursuant to Section 2.04 hereof, but subject to increase in accordance with Section 2.17 hereof.

  • If all Lenders elect to increase the Maximum Available Revolving Credit Amount and their Commitments as proposed above, each Lender’s Commitment shall increase proportionately based on its Pro Rata Share of said increase, and this Agreement and the relevant Notes shall be amended to reflect such increases, all at the cost and expense of the Borrowers.

  • In consideration of the amendment and restatement of the Original Credit Agreement and the increase of the Maximum Available Revolving Credit Amount as provided for hereunder, the Borrowers shall pay to the Agent for the ratable account of the Lenders, based on their respective Pro Rata Shares, an upfront fee in accordance with the fee letter furnished by the Agent to the Borrowers dated March 31, 2004.


More Definitions of Maximum Available Revolving Credit Amount

Maximum Available Revolving Credit Amount means Fifteen Million Dollars ($15,000,000), less any reduction to said Maximum Revolving Credit Amount pursuant to Section 2.04 hereof.”
Sample 1
Maximum Available Revolving Credit Amount means Thirty Two Million Dollars ($32,000,000), less any reduction to said Maximum Revolving Credit Amount pursuant to Section 2.04 hereof, but subject to increase in accordance with Section 2.17 hereof.
Sample 1
Maximum Available Revolving Credit Amount means the maximum amount of Loans and Letters of Credit permitted to be outstanding as of the following dates: January 25, 2006 – February 27, 2006 $ 62,000,000.00 February 28, 2006 – March 30, 2006 $ 61,600,000.00 March 31, 2006 – April 29, 2006 $ 61,200,000.00 April 30, 2006 – May 30, 2006 $ 60,800,000.00 May 31, 2006 – June 29, 2006 $ 60,400,000.00 June 30, 2006 and thereafter $ 60,000,000.00 less any reduction to said Maximum Available Revolving Credit Amount pursuant to Section 2.04 hereof or any reductions required under the Second Forbearance Agreement And Global Amendment To Credit Documents dated as of January 24, 2006, but subject to increase in accordance with Section 2.17 hereof.”
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Related to Maximum Available Revolving Credit Amount

  • Maximum Revolving Credit Amount means, at any particular time, the Revolving Credit Commitments at such time.

  • Maximum Credit Amount means, as to each Lender, the amount set forth opposite such Lender’s name on Annex I under the caption “Maximum Credit Amounts”, as the same may be (a) reduced or terminated from time to time in connection with a reduction or termination of the Aggregate Maximum Credit Amounts pursuant to Section 2.06(b) or (b) modified from time to time pursuant to any assignment permitted by Section 12.04(b).

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Available Revolving Commitment as to any Revolving Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding; provided, that in calculating any Lender’s Revolving Extensions of Credit for the purpose of determining such Lender’s Available Revolving Commitment pursuant to Section 2.8(a), the aggregate principal amount of Swingline Loans then outstanding shall be deemed to be zero.

  • 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.

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

  • Applicable Revolving Credit Percentage means with respect to any Revolving Credit Lender at any time, such Revolving Credit Lender’s Applicable Percentage in respect of the Revolving Credit Facility at such time.

  • Aggregate Maximum Credit Amounts at any time shall equal the sum of the Maximum Credit Amounts, as the same may be reduced or terminated pursuant to Section 2.06.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

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

  • 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.

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Applicable Revolving Commitment Fee Percentage means (a) from the Closing Date until the date of delivery of the Compliance Certificate and the financial statements for the second full Fiscal Quarter after the Closing Date, a percentage, per annum, determined by reference to the following table as if the Leverage Ratio then in effect were 3.00:1.00; and (b) thereafter, a percentage, per annum, determined by reference to the Leverage Ratio in effect from time to time as set forth below: >3.00:1.00 0.75% 1.30% <3.00:1.00 >2.50:1.00 0.75% 1.20% No change in the Applicable Revolving Commitment Fee Percentage shall be effective until three (3) Business Days after the date on which the Administrative Agent has received the applicable financial statements and a Compliance Certificate pursuant to Section 5.01(c) calculating the Leverage Ratio. At any time the Borrower Representative has not submitted to the Administrative Agent the applicable information as and when required under Section 5.01(c), the Applicable Revolving Commitment Fee Percentage shall be determined as if the Leverage Ratio were in excess of 3.00:1.00. Promptly following receipt of the applicable information under Section 5.01(c), the Administrative Agent shall give each Lender telefacsimile or telephonic notice (confirmed in writing) of the Applicable Revolving Commitment Fee Percentage in effect from such date. In the event that any financial statement or certificate delivered pursuant to Section 5.01 is shown to be inaccurate, and such inaccuracy, if corrected, would have led to the application of a higher Applicable Revolving Commitment Fee Percentage for any Applicable Period than the Applicable Revolving Commitment Fee Percentage applied for such Applicable Period, then (i) the Borrower Representative shall immediately deliver to the Administrative Agent a correct certificate required by Section 5.01 for such Applicable Period, (ii) the Applicable Revolving Commitment Fee Percentage shall be recalculated with the Leverage Ratio at the corrected level and (iii) each applicable Borrower shall immediately pay to the Administrative Agent the accrued additional fees owing as a result of such increased Applicable Revolving Commitment Fee Percentage for such Applicable Period. Nothing in this definition shall limit the right of the Administrative Agent or any Lender under Section 2.10 or Article VIII and the provisions of this definition shall survive the termination of this Agreement.

  • Aggregate Revolving Commitment Amount means the aggregate principal amount of the Aggregate Revolving Commitments from time to time. On the Closing Date, the Aggregate Revolving Commitment Amount is $300,000,000.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.

  • Aggregate Revolver Outstandings means, at any date of determination: the sum of (a) the unpaid balance of Revolving Loans, (b) the aggregate amount of Pending Revolving Loans, (c) one hundred percent (100%) of the aggregate undrawn face amount of all outstanding Letters of Credit, and (d) the aggregate amount of any unpaid reimbursement obligations in respect of Letters of Credit.

  • Aggregate Revolving Commitment means the aggregate of the Revolving Commitments of all of the Revolving Lenders, as reduced or increased from time to time pursuant to the terms and conditions hereof. As of the Effective Date, the Aggregate Revolving Commitment is $1,000,000,000.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

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

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

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

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Maximum Credit means, at any time, the lesser of (i) the Revolving Credit Commitments in effect at such time and (ii) the Borrowing Base at such time.

  • Aggregate Revolving Commitments means the Revolving Commitments of all the Lenders. The amount of the Aggregate Revolving Commitments in effect on the Closing Date is SIX HUNDRED MILLION DOLLARS ($600,000,000).

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