Maximum Revolving Credit Commitment definition

Maximum Revolving Credit Commitment means $90,000,000 as of the Closing Date, as such amount may be reduced from time to time pursuant to the terms hereof.
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Maximum Revolving Credit Commitment means $160,000,000 as the same may be reduced by an amount equal to any reduction to the Total Revolving Credit Commitment pursuant to this Agreement including, without limitation, Section 2.07 hereof.
Sample 1
Maximum Revolving Credit Commitment set forth in Annex A to the Agreement shall be amended to read "$45,000,000".
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Examples of Maximum Revolving Credit Commitment in a sentence

  • The making of such Revolving Credit Loan shall not result in the sum of all outstanding Revolving Credit Loans exceeding the Maximum Revolving Credit Commitment.

  • Suffer or permit the total sum of (i) unrestricted cash, (ii) unrestricted Cash Equivalents and (iii) Current Availability under the Maximum Revolving Credit Commitment, to be less than $5,000,000 on a consolidated basis.

  • The Borrowers' Representative shall pay to the Agent, for the account of the Lenders based on their respective Pro Rata Shares, an annual fee (the "STANDBY FEE"), on the daily amount by which the Maximum Revolving Credit Commitment exceeds the Outstanding Amount, for the period commencing on the Closing Date and ending on the Revolving Credit Termination Date, such fee being payable quarterly, in arrears, commencing on the first day of the calendar quarter next succeeding the Closing Date.

  • A non-refundable and fully earned loan facility fee of twelve and one-half basis points (0.125%) shall be payable at the closing of this Third Amendment on the Aggregate Maximum Revolving Credit Commitment Amount of $75,000,000.00) to the Lenders in accordance with each Lender’s applicable Percentage Share thereof as reflected on replacement Annex I attached hereto.

  • Notwithstanding the foregoing, the Outstanding Balance shall not exceed the Maximum Revolving Credit Commitment.

  • If the Outstanding Amount is less than 50% of the Maximum Revolving Commitment, the Standby Fee shall be twenty five (25) basis points (.25%) per annum of the daily unused portion of the Maximum Revolving Credit Commitment.

  • On the Commitment Termination Date, the Maximum Revolving Credit Commitment shall terminate and the Revolving Credit Loan and all other Obligations shall immediately become due and payable in full, in cash.

  • Any reductions of the Aggregate Maximum Revolving Credit Commitment Amount by the Borrowers pursuant to this Section 3.5 shall be without penalty or charge.

  • Each time the Lender makes a Guidance Line Advance, the Maximum Revolving Credit Commitment shall automatically be increased to an amount equal to the Revolving Credit Exposure (after giving effect to such Guidance Line Advance).

  • The Revolving Credit may be utilized by each and any Borrower in the form of Revolving Credit Loans and Letters of Credit, all as more fully hereinafter set forth, provided that the aggregate principal amount of Revolving Credit Loans and Letters of Credit outstanding at any one time shall not exceed the lesser of (i) $6,500,000 (the "Maximum Revolving Credit Commitment") and (ii) the Borrowing Base as then determined and computed.


More Definitions of Maximum Revolving Credit Commitment

Maximum Revolving Credit Commitment. The total aggregate amount of the Commitments of all Banks as set forth on Schedule 1 hereto, provided that the total aggregate amount thereof shall not exceed $310,000,000.00."
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Maximum Revolving Credit Commitment shall be Three Million and no/100 Dollars ($3,000,000.00).
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Maximum Revolving Credit Commitment means $100,000,000. The Maximum Revolving Credit Commitment shall automatically be reduced upon Agent's receipt of any notice from the Borrowers' Representative requesting a voluntary reduction pursuant to Section 2.1(e).
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Maximum Revolving Credit Commitment means, for each Lender, the Dollar amount of the obligation of such Lender to make Advances, as such amount is set forth opposite the name of such Lender under the caption Maximum Revolving Credit Commitment on Schedule C-1.
Sample 1
Maximum Revolving Credit Commitment means $4,000,000.
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Maximum Revolving Credit Commitment is defined in Section 1.1 hereof.
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Related to Maximum Revolving Credit Commitment

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

  • Aggregate Revolving Credit Commitment means the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at any given time. The Aggregate Revolving Credit Commitment on the Closing Date is $1,250,000,000.

  • 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.

  • U.S. Revolving Credit Commitment shall have the meaning assigned to such term in Section 2.1(c).

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

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

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

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

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

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

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

  • Unused Revolving Credit Commitment means, with respect to any Lender at any date of determination, (a) such Lender’s Revolving Credit Commitment at such time minus (b) the sum of (i) the aggregate principal amount of all Revolving Credit Advances, Swing Line Advances and Letter of Credit Advances made by such Lender (in its capacity as a Lender) and outstanding at such time plus (ii) such Lender’s Pro Rata Share of (A) the aggregate Available Amount of all Letters of Credit outstanding at such time, (B) the aggregate principal amount of all Letter of Credit Advances made by the Issuing Banks pursuant to Section 2.03(c) and outstanding at such time and (C) the aggregate principal amount of all Swing Line Advances made by the Swing Line Bank pursuant to Section 2.01(c) and outstanding at such time.

  • 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).

  • 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.

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

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

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

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

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

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Initial Revolving Credit Commitment means, with respect to any Person, the commitment of such Person to make Initial Revolving Loans (and acquire participations in Letters of Credit and Swingline Loans) hereunder as set forth on the Commitment Schedule, or in the Assignment Agreement pursuant to which such Person assumed its Initial Revolving Credit Commitment, as applicable, as the same may be (a) reduced from time to time pursuant to Section 2.09 or 2.19, (b) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 9.05 or (c) increased pursuant to Section 2.22. The aggregate amount of the Initial Revolving Credit Commitments as of the Closing Date is $75,000,000.

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

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

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

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