Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

Maximum Revolving Loan Amount has the meaning assigned to that term in subsection 2.1(B).

Maximum Revolving Loan Amount means, at any time of determination, the lesser of (a) the Aggregate Revolving Commitments, or (b) the Borrowing Base; provided that, until the Final Order Entry Date, the Maximum Revolving Loan Amount shall not exceed $32,300,000.

Examples of Maximum Revolving Loan Amount in a sentence

Except as otherwise provided herein, no Lender shall have any obligation to make a Revolving Advance to the extent such Revolving Advance would cause the Revolving Loan (after giving effect to any immediate application of the proceeds thereof) to exceed the Maximum Revolving Loan Amount.
Except as otherwise provided herein no Lender shall have any obligation to make an advance under this subsection 2.1(A) to the extent such advance would cause the Revolving Loan (after giving effect to any immediate application of the proceeds thereof) to exceed the Maximum Revolving Loan Amount.
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.
At any time that the Revolving Loan exceeds the Maximum Revolving Loan Amount, Borrower shall immediately repay the Revolving Loan to the extent necessary to reduce the principal balance to an amount equal to or less than the Maximum Revolving Loan Amount.
In the event the aggregate Revolving Loan Advances at any time exceed the Maximum Revolving Loan Amount, Borrowers shall repay the amount of that excess to Lender within three (3) Business Days of the date such excess arose.

More Definitions of Maximum Revolving Loan Amount

Maximum Revolving Loan Amount means at any time the aggregate amount of the Revolving Loan Commitments held by all Lenders at such time.

Maximum Revolving Loan Amount means Ten Million and No/100 Dollars ($10,000,000).

Maximum Revolving Loan Amount means $75,000,000.

Maximum Revolving Loan Amount contained in Section 1.1 of the Loan Agreement is hereby amended and restated to read in its entirety as follows:

Maximum Revolving Loan Amount means $100,000,000.

Maximum Revolving Loan Amount means $25,000,000.

Maximum Revolving Loan Amount means $50,000,000.