Maximum Revolving Credit Loan Amount definition

Maximum Revolving Credit Loan Amount means, from time to time the aggregate of all Revolving Credit Commitments, as such Revolving Credit Commitments may be reduced at Borrower’s option pursuant to Section 2.08 or increased pursuant to Section 9.14.
Maximum Revolving Credit Loan Amount means the sum of Five Million and No/100 ($5,000,000.00) Dollars.
Maximum Revolving Credit Loan Amount means the sum of Three Million and No/100 ($3,000,000.00) Dollars.

Examples of Maximum Revolving Credit Loan Amount in a sentence

  • 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 the event the Revolving Credit Loan exceeds the Maximum Revolving Credit Loan Amount, Borrower shall pay to Bank sufficient sums to reduce the Revolving Credit Loan to the Maximum Revolving Credit Loan Amount.

  • The aggregate principal amount of each Borrowing (i) of Eurodollar Loans shall be not less than $3,000,000 and shall be in an integral multiple of $100,000, and (ii) of Base Rate Loans hereunder shall be not less than $1,000,000 and shall be in an integral multiple of $100,000, 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.

  • The aggregate principal amount of each Borrowing of Loans hereunder shall be not less than $250,000 and shall be in an integral multiple of $50,000, except that any Borrowing of Revolving Credit Loans may be in the aggregate amount of the unused Maximum Revolving Credit Loan Amount in effect at such time.

  • Subject to the provisions of Section 2.3 hereof and until all amounts outstanding in respect of the Revolving Credit Loan shall become due and payable on the Termination Date, Borrower may from time to time borrow, repay and reborrow under this Section 2.2 (a) up to the Maximum Revolving Credit Loan Amount.

  • Borrower and Guarantor will make all payments on account of principal required to be made in order to reduce the unpaid principal balance to the Maximum Revolving Credit Loan Amount.


More Definitions of Maximum Revolving Credit Loan Amount

Maximum Revolving Credit Loan Amount at any time means (x) the ------------------------------------ outstanding principal balance of the Revolving Credit Loans on the Closing Date (or, if the Revolving Credit Agreement is entered into after the Closing Date with the consent of the Administrative Agent, the maximum availability thereunder), minus (y) the sum of the aggregate amounts theretofore required to ----- be applied toward the reduction of the outstanding principal balance of the Revolving Credit Loans in connection with the Transfer of Properties in accordance with Section 1.7. -----------

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