Revolver B Advances definition

Revolver B Advances means any advance made under the Revolver B Loan.
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Revolver B Advances has the meaning set forth in Section 2.1(b).
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Examples of Revolver B Advances in a sentence

  • Subject to the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow the Revolver B Advances; provided, however, that at no time shall the sum of (without duplication) (A) all outstanding Revolver B Advances, plus (B) the undrawn face amount of all outstanding Letters of Credit, plus (C) Reimbursement Obligations under Article III hereof, exceed the Revolver B Commitment.

  • Each Borrowing of Revolver A Advances prior to the Conversion Date, Revolver B Advances and the Term Loan Advances shall be made upon the written notice of the Borrower, received by Administrative Agent not later than (i) 10:00 a.m. pacific time three Business Days prior to the date of the proposed Borrowing, in the case of Advances which are LIBOR Advances and (ii) 9:00 a.m. pacific time on the date of such Borrowing, in the case of Advances which are Base Rate Advances.

  • On the date of a reduction of any of the Commitments pursuant to Section 2.11 hereof, the aggregate amount of outstanding (i) Revolver A Advances in excess of the Revolver A Commitment as reduced, (ii) Revolver B Advances in excess of the Revolver B Commitment as reduced, and (iii) prior to the Conversion Date, Working Line Advances in excess of the Working Line Commitment shall in each case be immediately due and payable.

  • During each calendar year there shall be a period of at least fifteen consecutive days during which no Revolver B Advances shall be made or shall be outstanding.

  • The indebtedness of the Borrower to each Bank resulting from the Revolver B Advances owing to such Bank shall be evidenced by a Revolver B Note of the Borrower payable to the order of such Bank.

  • If the aggregate outstanding amount of Revolver B Advances plus the Letter of Credit Exposure ever exceeds the Borrowing Base, the Borrower shall, after receipt of written notice from the Administrative Agent, prepay Revolver B Advances or, if the Revolver B Advances have been repaid in full, make deposits into the Cash Collateral Account to provide cash collateral for the Letter of Credit Exposure, such that the Borrowing Base deficiency is cured within 10 days after the date such notice is received.

  • Subject to Section 11.08 hereof, the Borrower shall pay to Administrative Agent for the account of Lenders pro rata in accordance with each Lender's Revolver B Specified Percentage, a commitment fee equal to the sum of the Applicable Commitment Fee Percentage per annum on the average daily amount of the difference between the Revolver B Commitment and the sum of all outstanding Revolver B Advances (the "Revolver B Commitment Fee").

  • To the extent the outstanding Revolver A Advances exceed the Revolver A Commitment after any reduction thereof, or the outstanding Revolver B Advances exceed the Revolver B Commitment after any reduction thereof, , the Borrower shall repay, on the date of such reduction, any such excess amount and all accrued interest thereon, the applicable Commitment Fee on the amount of such reduction and all amounts due.

  • The proceeds of the Revolver B Advances and the Term Loan A Advances shall be solely used in connection with the acquisition of assets in accordance with the terms of Section 1008(v) of the Indenture, such that all Revolver B Advances and all Term Loan A Advances constitute in each case, Acquisition Debt in accordance with the terms of the Indenture, the other Parent Senior Notes Documentation and permitted fully secured indebtedness under all Second Parent Issuance Documentation.

  • On the date of each reduction of the aggregate Revolver B Commitments pursuant to Section 2.03, the Borrower agrees to make a prepayment in respect of the outstanding amount of the Revolver B Advances to the extent, if any, that the aggregate unpaid principal amount of all Revolver B Advances plus the Letter of Credit Exposure exceeds the lesser of (i) the Revolver B Commitments and (ii) the Borrowing Base.

Related to Revolver B Advances

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

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

  • 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.

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

  • 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

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Loans as defined in Section 2.4(a).

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

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

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

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

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • 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.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

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

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

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

  • Revolver means a short firearm having a cylinder of several chambers that are brought successively into line with the barrel to be discharged, designed to be aimed and fired by the use of a single hand.

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

  • Term Loan has the meaning specified in Section 2.01(b).

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.