Outstanding Revolving Advances definition

Outstanding Revolving Advances shall have the meaning set forth in Section 1.4 of this Agreement.
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Outstanding Revolving Advances means the aggregate amount of Advances under Section 2.04.
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Outstanding Revolving Advances means the total Outstanding Credit under the Revolving Note.
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Examples of Outstanding Revolving Advances in a sentence

  • Under the Term Revolving Loan Commitment amounts borrowed and repaid or prepaid may be reborrowed at any time prior to and including the Term Revolving Loan Termination Date provided, however, that at no time shall the sum of the Outstanding Revolving Advances exceed $20,000,000.00.

  • In the event that Lender chooses to honor a draft which exceeds the limits as set forth in this Section 6(d)(ii), Borrower shall repay all the amounts by which the Outstanding Revolving Advances exceed the Borrowing Base or the Revolving Line of Credit Loan Commitment, whichever is less, plus interest and a reasonable overdraft fee, upon demand by Lender.

  • Term Revolving Loan amounts borrowed and repaid or prepaid may be reborrowed at any time prior to and including the Term Revolving Loan Termination Date provided, however, that at no time shall the sum of the Outstanding Revolving Advances exceed the Term Revolving Loan Commitment.

  • On the Revolving Line of Credit Maturity Date, the amount of the then Outstanding Revolving Advances, and all other amounts due and owing hereunder or under any other Loan Document relating to the Revolving Line of Credit Loan shall be due and payable in full.

  • Notwithstanding anything to the contrary in the Loan Documents, Lender shall not be obligated to make any advance to the Borrower or issue any Letter of Credit that would cause the Outstanding Revolving Advances to exceed $2,000,000.00 until such time as an intercreditor and subordination agreement between the Lender and the County of Jasper, Iowa, in form acceptable to the Lender, has been executed and delivered to the Lender.

  • Beginning on the first Monthly Payment Date following the Closing Date, and continuing on each Monthly Payment Date thereafter until the Revolving Line of Credit Maturity Date, the Borrower shall pay to the Agent for the account of the Banks all accrued interest on the Outstanding Revolving Advances.

  • The Borrower shall, without penalty or premium and within five (5) days following each anniversary date of the Closing Date, prepay the Outstanding Revolving Advances in the amount, if any, by which the Outstanding Credit on such date exceeds the Term Revolving Loan Commitment then in effect, together with accrued interest thereon to the date of such prepayment.

  • On the Revolving Line of Credit Loan Maturity Date, the amount of the then Outstanding Revolving Advances and any and all other amounts due and owing hereunder or under any other Loan Document relating to the Revolving Line of Credit Loan shall be due and payable.

  • The Lender agrees, on the terms and conditions set forth in this Agreement, to extend credit to the Borrower from time to time during the period from the Conversion Date through and including the Maturity Date by making loans to the Borrower on a revolving basis from time to time provided, however, that at no time shall the sum of the Outstanding Revolving Advances plus the outstanding Letters of Credit exceed the Maximum Revolving Loan Commitment.

  • In the event that the Outstanding Revolving Advances at any time exceed the Maximum Revolving Loan Commitment then in effect, the Borrower shall pay to Lender an amount not less than the excess of the then Outstanding Revolving Advances over such Maximum Revolving Loan Commitment.


More Definitions of Outstanding Revolving Advances

Outstanding Revolving Advances means the aggregate amount of Advances under Section 2.04 other than outstanding Letters of Credit Liabilities.
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Related to Outstanding Revolving Advances

  • Revolving Advances means Advances made other than Letters of Credit.

  • Outstanding Advances means, with respect to a Receivable and the last day of a Collection Period, the sum of all Advances made as of or prior to such date, minus (1) all payments or collections as of or prior to such date which are specified in Section 4.04(b) and (c) as applied to reimburse all unpaid Advances with respect to such Receivable and (2) all amounts for which the Servicer has deemed to have released all claims for reimbursement of Outstanding Advances pursuant to Section 3.08.

  • 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.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

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

  • Revolving Credit Advances means advances of principal on the Revolving Credit Loan by the Bank under the terms of this Loan Agreement to the Borrower during the term of the Revolving Credit Loan pursuant to Section 3.1.

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

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

  • New Revolving Loans as defined in Section 2.25.

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

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Maximum Revolving Advance Amount means $25,000,000.

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

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

  • 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.

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

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Revolving Advance has the meaning given in Section 2.1.

  • Canadian Revolving Loans means Revolving Loans made to the Canadian Borrower under Section 2.2, including Bankers’ Acceptance Advances.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

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

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