Examples of Maximum Revolving Credit Loan in a sentence
In addition, upon the effective date of any such termination, the Maximum Revolving Credit Loan Commitment shall be reduced to ZERO AND NO/100ths Dollars ($0.00) and the Revolving Credit Loan Commitment of each applicable Lender shall be reduced to ZERO AND NO/100ths Dollars ($0.00).
The aggregate principal amount of each Borrowing (1) of Eurodollar Loans shall be not less than $500,000 and shall be in an integral multiple of $500,000, and (2) of Base Rate Loans hereunder shall be not less than $500,000 and shall be in an integral multiple of $500,000, except that any Borrowing of Revolving Credit Loans that are Base Rate Loans may be in the aggregate amount of the unused Maximum Revolving Credit Loan Amount in effect at such time.
In addition, upon the effective date of any such termination, the Maximum Revolving Credit Loan Commitment shall be reduced to ZERO AND NO/100ths Dollars ($0.00) and the Commitment of each Lender shall be reduced to ZERO AND NO/100ths Dollars ($0.00).
Administrative Agent is authorized to, and at its option may, charge to the Revolving Credit Loan balance on behalf of US Borrower amounts equal to all Fees, expenses, Charges, costs or interest owing by US Borrower under this Agreement or any of the other Loan Documents if and to the extent US Borrower fails to promptly pay any such amounts as and when due, even if such charges would cause total Revolving Credit Advances to exceed Borrowing Availability or the Maximum Revolving Credit Loan amount.
Notwithstanding anything to the contrary in the Credit Agreement, Borrower and Agent hereby agree that for all purposes of the Credit Agreement, the Maximum Revolving Credit Loan shall be Six Million Dollars ($6,000,000).