Maximum Revolving Facility definition

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.
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Maximum Revolving Facility means an amount equal to Twenty Million and No/100 Dollars ($20,000,000.00).
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Maximum Revolving Facility means an amount equal to Twenty-Seven Million Five Hundred Thousand and No/100 Dollars ($27,500,000.00).
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Examples of Maximum Revolving Facility in a sentence

  • Notwithstanding the foregoing, (i) the aggregate amount of all Protective Advances outstanding at any time shall not exceed an amount equal to ten percent (10%) of the Maximum Revolving Facility Amount and (ii) after giving effect to any such Protective Advances, the outstanding balance of all Revolving Loans will not exceed the Maximum Revolving Facility Amount.

  • The authority of Agent to make Overadvances is limited to an aggregate amount not to exceed an amount equal to ten percent (10%) of the Maximum Revolving Facility Amount at any time.

  • If at any time for any reason whatsoever (including as a result of currency fluctuations) (i) the outstanding balance of all Revolving Loans exceeds the lesser of (x) the Maximum Revolving Facility Amount minus Reserves established against the Maximum Revolving Facility Amount and (y) the Borrowing Base or (ii) any of the Loan Limits for Revolving Loans are exceeded, then, in each case, Borrowers will immediately pay to Agent such amounts as shall cause Borrowers to eliminate such excess.

  • Each reduction (i) shall be in a minimum amount of $2,500,000, (ii) shall not reduce the Maximum Revolving Facility Amount and the Revolving Loan Commitments to an amount less than the aggregate principal amount of Revolving Loans outstanding at such time (unless accompanied by a corresponding prepayment of such outstanding Revolving Loans), and (iii) shall not reduce the Maximum Revolving Facility Amount and the Revolving Loan Commitments to an amount less than $10,000,000.

  • 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 in Section 1.1 of the Loan Agreement is hereby amended and restated in its entirety as follows:
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Maximum Revolving Facility means an amount equal to Fifteen Million and No/100 Dollars ($15,000,000.00).
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Maximum Revolving Facility means $50,000,000, as it may be reduced from time to time in accordance with Section 2.7.
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Maximum Revolving Facility means an amount equal to Forty Million Two Hundred Fifty Thousand and No/100 Dollars ($40,250,000.00).
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Maximum Revolving Facility means an amount equal to Forty-Two Million Two Hundred Fifty Thousand and No/100 Dollars ($42,250,000.00).”
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Maximum Revolving Facility means, at any time, an amount equal to Five Million Dollars ($5,000,000).
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Maximum Revolving Facility means an amount equal to Fifty-Two Million Two Hundred Fifty Thousand and No/100 Dollars ($52,250,000.00).
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