Maximum Revolving Facility means an amount equal to Twenty Million and No/100 Dollars ($20,000,000.00).
Maximum Revolving Facility means the maximum amount of the Revolving Loans as evidenced by a revolving note(s) which amount Bank has agreed to consider as a ceiling on the outstanding principal balance of Revolving Loans (other than Term Loans) to be made by Bank pursuant to this Agreement.
Maximum Revolving Facility in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety as follows:
Examples of Maximum Revolving Facility in a sentence
Lender may, with or without notice to Borrowing Agent, from time to time establish and revise reserves against the Borrowing Base and/or the Maximum Revolving Facility Amount in such amounts and of such types as Lender deems appropriate in its Permitted Discretion (“Reserves”).
More Definitions of Maximum Revolving Facility
Maximum Revolving Facility means, at any time, an amount equal to Fifteen Million Dollars ($15,000,000);
Maximum Revolving Facility means an amount equal to Fifty-Two Million Two Hundred Fifty Thousand and No/100 Dollars ($52,250,000.00).
Maximum Revolving Facility means an amount equal to Forty Million Two Hundred Fifty Thousand and No/100 Dollars ($40,250,000.00).
Maximum Revolving Facility means $50,000,000, as it may be reduced from time to time in accordance with Section 2.7.
Maximum Revolving Facility means, at any time, an amount equal to Five Million Dollars ($5,000,000).
Maximum Revolving Facility means an amount equal to Forty-Two Million Two Hundred Fifty Thousand and No/100 Dollars ($42,250,000.00).”
Maximum Revolving Facility means (a) prior to August 1, 2011, $40,000,000, (b) from August 1, 2011 to December 31, 2011, $50,000,000, and (c) on and after December 31, 2011, $40,000,000. Obligors means, collectively, Borrowers, Holdings, TFC, TI, TGC and any other Subsidiaries of Holdings that are parties to this Agreement and Obligor means any of Obligors. Perfection Certificates means, collectively, (a) each Perfection Certificate dated as of June 12, 2008 executed by an Obligor in favor of Bank, and (b) the Perfection Certificate dated as of April 22, 2011 executed by TGC in favor of Bank. Pledge Agreements means, collectively, (a) that certain Pledge Agreement dated as of June 12, 2008 entered into by Holdings in favor of Bank, (b) that certain Pledge Agreement dated as of June 12, 2008 entered into by the Company in favor of Bank, (c) that certain Pledge Agreement dated as of April 22, 2011 entered into by the Company in favor of Bank, and (d) any other pledge agreement entered into by any other Pledgor in favor of Bank.