Maximum Revolving Credit Facility definition

Maximum Revolving Credit Facility means $5,000,000.

Maximum Revolving Credit Facility in SECTION 1.1 of the Loan Agreement is amended in its entirety to read as follows:

Maximum Revolving Credit Facility means, at any time, $30,000,000.

Examples of Maximum Revolving Credit Facility in a sentence

• Subject to the terms and conditions of this Agreement and the Loan Documents, Bank agrees to establish for Borrower a revolving credit facility (the “Revolving Credit Facility”) pursuant to which during the Contract Period, Bank agrees to extend to Borrower Advances under the Revolving Credit Facility, provided that, the Revolving Credit Facility Usage shall not exceed at any time the Maximum Revolving Credit Facility Amount.

• Borrower’s obligation to repay Advances and other extensions of credit under the Revolving Credit Facility shall be further evidenced by a promissory note executed and delivered by Borrower in the face amount of the Maximum Revolving Credit Facility Amount payable to the order of Bank (the “Revolver Note”), which shall be in form and content acceptable to Bank.

• Borrower agrees to pay to Bank an unused facility fee in an amount as set forth under the definition of Applicable Margin in Section 1.1 herein, per annum times the aggregate of the Average Unused Portion of Maximum Revolving Credit Facility Amount and the Average Unused Portion of Maximum Term Loan Amount.

• In the event a Borrower receives notice from Bank that there are insufficient funds in a Borrower's account to (i) make required principal and interest payments due under the Loans, or (ii) pay checks presented for payment, one of the other Borrowers shall immediately advance on the date of said notice, sufficient funds to Bank to remedy each and every shortage or reduce the Revolving Credit Facility to the Maximum Revolving Credit Facility Loan Amount.

• Upon and subject to the terms and conditions hereof, Bank agrees to make available, at any time from time to time, on any Business Day until the Revolving Credit Facility Termination Date, and upon the request of Borrowers therefor, advances (each, a "Revolving Credit Advance"), and Letters of Credit in an aggregate principal amount which shall not at any given time exceed the Maximum Revolving Credit Facility Loan Amount.

More Definitions of Maximum Revolving Credit Facility

Maximum Revolving Credit Facility means, as of the date of this Agreement, $71,000,000, and, if the maximum increase in the Base Revolving Credit Facility is not effected prior to July 1, 1997, shall be adjusted on July 1, 1997, and, if applicable, on January 1, 1998 to reflect such lesser maximum amount which is possible to be effected during the succeeding six-month period pursuant to the above chart.

Maximum Revolving Credit Facility. Notes" and "References Rate Option" with the following:

Maximum Revolving Credit Facility means Twenty-Two Million Five Hundred Thousand Dollars ($22,500,000.00).

Maximum Revolving Credit Facility means $20,000,000. ---------------------------------

Maximum Revolving Credit Facility. LIMIT shall have the meaning given such term in Section 2A.1 of this Agreement.

Maximum Revolving Credit Facility means $12,000,000.

Maximum Revolving Credit Facility means $45,000,000.