Original Revolving Loan definition

Original Revolving Loan means a “Revolving Loan” under, and as defined in, the Original Credit Agreement.
Sample 1Sample 2Sample 3
Original Revolving Loan shall have the meaning provided in the Existing Credit Agreement.
Sample 1Sample 2Sample 3
Original Revolving Loan has the meaning specified therefor in Section 2.01(c).
Sample 1Sample 2

Examples of Original Revolving Loan in a sentence

  • On the date hereof (the “Restatement Date”), the Original Revolving Loan Agreement shall be amended, restated and superseded by this Agreement.

  • A permanent reduction of the Aggregate Original Revolving Loan Commitment shall not require a corresponding pro rata reduction in the L/C Sublimit or the Swingline Commitment; provided, that the L/C Sublimit and/or the Swingline Commitment, as applicable, shall be permanently reduced by the amount thereof in excess of the Aggregate Original Revolving Loan Commitment.

  • Any such payment that is not deemed an Original Revolving Loan shall be deemed a funding by such Lender of its participation in the applicable Letter of Credit and the Letter of Credit Obligation in respect of the related L/C Reimbursement Obligations.

  • All reductions of the Aggregate Original Revolving Loan Commitment shall be allocated pro rata among all Lenders with an Original Revolving Loan Commitment.

  • Immediately prior to giving effect to this Agreement, as of the Amended and Restated Effective Date, the outstanding principal balance of Revolving Credit Loans made under the Original Loan Agreement was $0 (the "Outstanding Original Revolving Loan Balance").

  • BkB became a party to the Original Revolving Loan Agreement pursuant to an Assignment and Acceptance, dated November 30, 1995, between BkB and Bankers Trust.

  • On the Restatement Effective Date, each Original Revolving Loan Commitment (as in effect on the Restatement Effective Date immediately prior to giving effect thereto) of each Original Revolving Lender under the Original Credit Agreement is hereby continued as a Revolving Loan Commitment hereunder of such Original Revolving Lender.

  • For the avoidance of doubt, no Original Revolving Loan Lender shall participate (A) in any Letter of Credit that is issued after the LC Trigger Date or (B) if the Stated Expiry Date of such Letter of Credit occurs after the LC Trigger Date, in any Letter of Credit that is extended or renewed.

  • Immediately prior to the effectiveness of this Agreement, the outstanding principal balance of the “Revolver Loans” as of the date hereof made under the Original Loan Agreement was $16,564,144.85 (the “Outstanding Original Revolving Loan Balance”).

  • Any such payment that is not deemed aan Original Revolving Loan shall be deemed a funding by such Lender of its participation in the applicable Letter of Credit and the Letter of Credit Obligation in respect of the related L/C Reimbursement Obligations.


More Definitions of Original Revolving Loan

Original Revolving Loan shall include any Incremental Revolving Loan) from time to time on any Business Day during the period from and including the Restatement Effective Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding such Lenders’ Original Revolving Loan Commitment (unless the context shall otherwise require, the term “Original Revolving Loan Commitments” shall include the Incremental Revolving Loan Commitments); provided, however, that after giving effect to any Borrowing of Original Revolving Loans, the aggregate principal amount of all outstanding Original Revolving Loans shall not exceed the Maximum Original Revolving Loan Balance. Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each LIFO Revolving Lender severally and not jointly agrees to make Loans to the Borrower (each such Loan, a “LIFO Revolving Loan” and, together with each Original Revolving Loan, a “Revolving Loan”) from time to time on any Business Day during the period from and including the First Amendment Date through the LIFO Maturity Date, in an aggregate amount not to exceed at any time outstanding such Lender’s LIFO Revolving Loan Commitment, which LIFO Revolving Loan Commitments, as of the Firstimmediately following the effectiveness of the Fifth Amendment Date, are set forth opposite such Lender’s name on Schedule 1.1(b) under the heading “LIFO Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “LIFO Revolving Loan Commitment” and, together with such Lender’s Original Revolving Loan Commitment, such Lender’s “Revolving Loan Commitment”); provided, however, that, after giving effect to any Borrowing of LIFO Revolving Loans, the aggregate principal amount of all outstanding LIFO Revolving Loans shall not exceed the Maximum LIFO Revolving Loan Balance.
Sample 1
Original Revolving Loan means a Revolving Loan made by a Lender or a Lender’s predecessor in interest to Borrower pursuant to Section 2.2(a) and/or Section 2.24 that is due and payable in full on the sixth anniversary of the Closing Date (or, if earlier, the dates specified in clause (ii) or (iii) of the definition of “Original Revolving Commitment Termination Date”).
Sample 1Sample 2
Original Revolving Loan means a revolving line of credit previously extended to Borrower by Lender pursuant to the Original Credit Agreement.
Sample 1Sample 2
Original Revolving Loan means the Revolving Loans made by the Revolving Credit Lenders to the Borrower under the Original Revolving Credit Commitments pursuant to Section 2.01(b).
Sample 1
Original Revolving Loan has the meaning set forth in the recitals.
Sample 1
Original Revolving Loan means, collectively, the Original U.S. Revolving Loan, the Original Canadian Revolving Loan and the Original UK Revolving Loan.
Sample 1

Related to Original Revolving Loan

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Additional Revolving Lender means any Lender with an Additional Revolving Credit Commitment or any Additional Revolving Credit Exposure.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • New Revolving Loans as defined in Section 2.25.

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Additional Revolving Facility means any revolving credit facility added pursuant to Sections 2.22, 2.23 or 9.02(c)(ii).

  • 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.

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).