Maximum Revolving Loan definition

Maximum Revolving Loan. Balance” 1.1(a) “Maximum Lawful Rate” 1.3(d) “MNPI” 9.10 (a) “Notice of Conversion/Continuation” 1.6(a) Table of Contents “Overadvance” 1.1(a) “Other Taxes” 10.1(b) “Participant Register” 9.9(g) “Permitted Liens” 5.1 “Register” 1.4(b) “Restricted Payments” 5.11 “Replacement Lender” 9.22
Sample 1
Maximum Revolving Loan means an amount equal to Five Hundred Thousand and no/100 ($500,000.00).
Sample 1Sample 2Sample 3
Maximum Revolving Loan means an amount equal to $7,500,000.
Sample 1Sample 2Sample 3

Examples of Maximum Revolving Loan in a sentence

  • To the extent such amounts exceed the Maximum Revolving Loan Amount of all Lenders, or if Agent elects to bill Borrowers for any amount due hereunder or under any of the other Loan Documents, such amount shall be immediately due and payable with interest thereon accruing from the applicable due date.

  • In the event that the amount drawn under the Revolving Credit Facility is greater than the Maximum Revolving Loan Amount (as defined in the Salus Credit Agreement), the amount of such discrepancy must be immediately paid by the Borrowers to the Senior Secured Lenders.

  • As a result of the Overadvance, the total amount drawn down on the revolver exceeds the Maximum Revolving Loan Amount provided for in the Salus Credit Agreement by approximately $7.5 million.6 Neither Ben Moss, the other Borrowers, nor the Guarantors are able to repay the excess amount, which constitutes an Event of Default.7 As a result, Salus Capital issued the BIA 6 The Maximum Revolving Loan Amount is effectively the lesser of $50 million and the borrowing base.

  • In the event the Maximum Revolving Loan Amount is increased in accordance with Section 2.14 hereof, Agent may retain (for the benefit of Lenders) from the next Revolving Advance made to Borrower, any Increase OID required to be paid in accordance with Section 3.5(b) or (c) hereof from the Revolving Loan Advance(s) following such increase.

  • Except as otherwise provided herein, no Lender shall have any obligation to make a Revolving Advance if such Revolving Advance would cause the Aggregate Revolving Credit Exposure (after giving effect to any immediate application of the proceeds thereof) to exceed the Maximum Revolving Loan Amount.


More Definitions of Maximum Revolving Loan

Maximum Revolving Loan. Balance” 1.1(b) “Non-Funding Lender” 1.11(b) “Notice of Conversion/Continuation” 1.6(a) “Obligation Currency” 1.14 “Original Credit Agreement” Recitals “Other Taxes” 10.1(c) “Other Lender” 1.11(e) “Permitted Liens” 5.1 “Register” 1.4(b) “Restricted Payments” 5.11 “Replacement Lender” 9.22 “Revolving Loan Commitment” 1.1(b) “Revolving Loan” 1.1(b) “Sale” 9.9(b) “Settlement Date” 1.11(b) “Swing Loan” 1.1(d)(i) “Swingline Request” 1.1(d)(ii) “Tax Returns” 3.10 “Taxes” 10.1(a) “Unused Facility Fee” 1.9(b) In addition to the terms defined elsewhere in this Agreement, the following terms have the following meanings:
Sample 1Sample 2
Maximum Revolving Loan means from the Closing Date until July 15, 2011 Five Million Dollars ($5,000,000), and thereafter until the Maturity Date Four Million Dollars ($4,000,000).
Sample 1
Maximum Revolving Loan. Balance” 1.1(a) “Maximum Lawful Rate” 1.3(d) “MNPI” 8.10(a) “Mortgage Policy” 4.13(c)(iv) “Mortgage Supporting Documentation” 4.13(c) “Mortgaged Property” 4.13(c) “Notice of Conversion/Continuation” 1.6(a) “OFAC” 3.28 “Other Taxes” 10.1(c) “Overadvance” 1.1(a) “Participant Register” 8.9(h) “Permitted Liens” 5.1 “Register” 1.4(b) “Restricted Payments” 5.10 “Replacement Lender” 8.22 “Revolving Loan” 1.1(a) “Revolving Loan Commitment” 1.1(a) “Sale” 8.9(b) “SDN List” 3.27 “Settlement Date” 1.10(b)
Sample 1
Maximum Revolving Loan. Balance” 1.1(b)
Sample 1Sample 2
Maximum Revolving Loan. Balance” 1.1(b)(ii) “MFN Provision” 1.1(e)(iii)(B) “Notice of Conversion/Continuation” 1.6(a) “Notice of Intent to Cure” 7.6(a) “OFAC” 3.18(a) “Other Taxes” 10.1(d) “Participant Register” 9.9(f) “Permitted Acquisition” 5.2(i) “Permitted Liens” 5.1 “Public Lender” 9.10(f) “QFC Credit Support” 9.27
Sample 1Sample 2
Maximum Revolving Loan means Six Million Dollars ($6,000,000).
Sample 1Sample 2
Maximum Revolving Loan means One Hundred Fifty Million Dollars ($150,000,000); provided, that such amount shall be permanently reduced (i) by -------- any amount paid with respect to the Revolving Loan pursuant to Sections 2.3(c), 2.3(d) or 2.3(e), and (ii) to any amount requested by Borrower and approved by Agent and Lenders pursuant to Section 2.1(l).
Sample 1