Maximum Revolving Credit Line definition

Maximum Revolving Credit Line means Sixty-Five Million Dollars ($65,000,000) less the Gross Availability Reductions.

Maximum Revolving Credit Line. The definition of "Maximum Revolving Credit Line" is hereby amended in its entirety to read as follows:

Maximum Revolving Credit Line means Fifty Million Dollars ($50,000,000) less the Gross Availability Reductions.

Examples of Maximum Revolving Credit Line in a sentence

• The Agent, in its discretion, may elect to allow the limits of the Available Revolving Facility Amount to be exceeded on one or more occasions, provided that the Agent may never exceed the Maximum Revolving Credit Line.

• The Aggregate Exposure shall at no time exceed the Maximum Revolving Credit Line and if at any time this limit is exceeded as a consequence of currency fluctuations, the Borrowers shall provide cash cover in an amount equal to such excess.

• Termination of the Revolving Loan, prior to Revolving Loan Maturity, would result in a prepayment fee equal to three percent (3%), one and one-half percent (1.5%), one percent (1%) and one-half of one percent (0.5%) of the Maximum Revolving Credit Line if terminated during years one, two, three and four, respectively.

• It is mutually understood Client will draw on the Maximum Revolving Credit Line in traunches based on each transaction request; and furthermore, are to be paid back primarily through Advances made to Horizon by Client’s senior secured lender.

• In addition, and without limiting the generality of the foregoing, the Borrower shall pay to the Agent, for the account of the Lenders, in accordance with their respective Pro Rata Shares, on demand, the amount by which (i) the unpaid principal balance of the Revolving Loans plus the L/C Reserve at any time exceeds the Borrowing Base or (ii) the unpaid balance of Revolving Loans plus the L/C Reserve at any time exceeds the Maximum Revolving Credit Line, at such time.

More Definitions of Maximum Revolving Credit Line

Maximum Revolving Credit Line has the meaning specified in clause (a) of the definition of Availability.

Maximum Revolving Credit Line means Sixty-Five Million Dollars ($65,000,000) less the Gross Availability Reductions."

Maximum Revolving Credit Line contained in Section 1.1 of the Agreement is hereby amended in its entirety to read as follows:

Maximum Revolving Credit Line means Two Million Five Hundred Thousand Dollars ($2,500,000).

Maximum Revolving Credit Line means Twenty-Five Million and No/100 Dollars ($25,000,000.00) through December 31, 1998 and Twenty Million Dollars ($20,000,000.00) thereafter.

Maximum Revolving Credit Line the maximum amount which is available under this Agreement; being L60,000,000 or, if the Agent has received a notice in accordance with Clause 2.7 and the period referred to in Clause 2.7 has expired, L80,000,000 (or such other amount as may be agreed between the Agent and Ideal from time to time); NET AMOUNT OF ELIGIBLE ACCOUNTS: the gross amount of Eligible Accounts less sales, excise or similar taxes, and less returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed in respect of such Eligible Accounts;

Maximum Revolving Credit Line means the total dollar amount Bank approves to revolve against which the Cardholder may get Cash Advances or make Purchases through the use of Cards or Convenience Checks; (f) “Merchant” means a business displaying the Visa sign; (g) “Overdraft Protection” means a service for qualified checking account clients of Bank’s affiliated financial institutions, which protects your designated checking accounts from overdrafts and rejected items by making automatic Cash Advances from your Cardholder Account.