Maximum Revolving Amount definition

Maximum Revolving Amount. At any date as of which same is to be determined, the amount by which (x) $3,500,000 exceeds (y) the sum of (i) all then undrawn amounts of letters of credit issued by the Bank for the account of the Borrower plus (ii) all amounts then drawn on any such letter of credit which at said date shall not have been reimbursed to the Bank by the Borrower.

Maximum Revolving Amount means $10,000,000.

Maximum Revolving Amount means the maximum amount of Revolving Advances and Letters of Credit which may be outstanding at any one time, determined without regard to the Borrowing Base, which as of the Amendment No. 1 Effective Date, equals Twenty Five Million Dollars ($25,000,000.00).

Examples of Maximum Revolving Amount in a sentence

• Any partial reduction in the Maximum Revolving Amount shall be effective during the remainder of the Commitment Period.

• After each such partial reduction, the commitment fees payable hereunder shall be calculated upon the Maximum Revolving Amount as so reduced.

• At any time during the Commitment Increase Period, the Borrower may request that the Administrative Agent (A) increase the Maximum Revolving Amount, or (B) add a term loan facility to this Agreement (the “Additional Term Loan Facility”) (which Additional Term Loan Facility shall be subject to subsection (c) below); provided that the aggregate amount of all increases (revolver and term) made pursuant to this subsection (b) shall not exceed One Hundred Fifty Million Dollars ($150,000,000).

More Definitions of Maximum Revolving Amount

Maximum Revolving Amount means $25,000,000. ----------------------------

Maximum Revolving Amount means, as of any date of determination, the result of (a) the Maximum Amount, minus (b) the then outstanding principal balance of the Term Loan.

Maximum Revolving Amount means an amount equal to Ten Million Dollars ($10,000,000) or such lesser amount as shall be determined pursuant to Section 2.5 hereof.

Maximum Revolving Amount means $15,000,000.

Maximum Revolving Amount means $25,000,000.

Maximum Revolving Amount contained in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety, as follows:

Maximum Revolving Amount means $13,000,000.