Revolver Paydown definition

Revolver Paydown means the aggregate amounts paid to the First Lien Revolver Agent, representing principal and non-default interest amounts outstanding under the First Lien Revolving Credit Agreement as of October 31, 2011 pursuant to the Revolver Paydown Order.
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Revolver Paydown means the partial paydown of the outstanding principal balance of the Revolving Loans required to be made on the Fourth Amendment Effective Date in connection with a Disposition occurring on said date.
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Examples of Revolver Paydown in a sentence

  • Nels▇▇ ▇▇▇ Lenders hereby agree that the balance of the Actual Net Proceeds remaining after payment in full of the Prudential Notes shall be applied to repay all of the outstanding indebtedness evidenced by the Revolving Credit Notes on the Closing Date (the "Revolver Paydown").

  • After the application of the Revolver Paydown, the Revolving Loan Commitments shall be Seventy Five Million and No/100 Dollars ($75,000,000.00), subject to the increases and decreases as set forth in the first sentence of this Section 8.

  • Nels▇▇ ▇▇▇ Lenders further agree that the balance of the Actual Net Proceeds remaining after payment in full of the Prudential Notes and the Revolver Paydown, if any, shall be used by Nels▇▇ ▇▇▇ working capital needs and for other general corporate purposes (which shall include acquisitions and capital expenditures of the Consolidated Companies).

  • Notwithstanding the provisions of Section 2.06 of the Credit Agreement, the application of the Revolver Paydown described in Section 7 hereof shall not result in a permanent reduction to the Revolving Loan Commitments.

  • The Periodic Report shall set forth the aggregate Revolver Paydown Amount to be transferred to the Collection Account on the following Payment Date.

  • In the event such amounts are sufficient to discharge the Revolver Balance but less than the Calumet Revolver Paydown Portion, Purchaser shall pay to Seller any portion of the Purchase Price not delivered to the Bank pursuant to the foregoing.

  • There shall be paid, in accordance with Section 2 of the Intercreditor Agreement, in respect of the principal amount of the Notes held by each holder, such holder's ratable share of the Excess Revolver Paydown.