Revolver Facility definition

Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

Revolver Facility means the Revolver Commitments and the Revolver Loans made hereunder.

Revolver Facility means the facility established under the U.S. Commitments and the Canadian Commitments.

Examples of Revolver Facility in a sentence

• Accrued commitment fees shall be payable quarterly in arrears on each Quarterly Date and on the Termination Date in respect of the Revolver Facility.

• Each of the Letters of Credit shall (i) be issued by the Issuing Bank, (ii) contain such terms and provisions as are reasonably required by the Issuing Bank, (iii) be for the account of such Obligor, and (iv) expire not later than the earlier of (A) twelve months from the date of issuance of such Letter of Credit and (B) five (5) Business Days before the Termination Date in respect of the Revolver Facility.

• The Revolver Facility is subject to covenants that require the Company to maintain a current ratio of not less than 1.10:1; total debt to EBITDA of not greater than 2:1; historic debt coverage ratio of greater than 2.5:1 and a tangible net worth of not less than $300 million.

• The initial Commitment Percentage of each Lender in respect of the Revolver Facility and the Term Loan Facility, as applicable, is set forth opposite the name of such Lender on Schedule 1 or in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable.

• The Revolver Facility carries an interest rate of LIBOR plus 4.65 percent with any unused facility amounts subject to a commitment fee of 1.6 percent.

More Definitions of Revolver Facility

Revolver Facility means any one of such Revolver Facilities.

Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.1 hereof, including the LC Subfacility and the Swing Line Subfacility.

Revolver Facility means the revolver loan facility extended to Borrower pursuant to Subsection 1.1(A).

Revolver Facility means the credit facility as described in and subject to the limitations set forth in SECTION 2.1 hereof.

Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01(a)(i) hereof (as the same may be decreased pursuant to Section 2.03(a)).

Revolver Facility means the revolver loan facility extended to Borrower pursuant to Subsection 1.1(A), including the Swingline subfacility.

Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.1 hereof, including the Letter of Credit subfacility.