Revolving Advance definition

Revolving Advance has the meaning given in Section 2.1.
Revolving Advance means an Advance comprised of Revolving Loans.
Revolving Advance means an advance by a Lender to the Borrower as part of a Borrowing, including a Base Rate Advance made pursuant to Section 2.03(c), but excluding any L/C Advance made as part of an L/C Borrowing and any Swingline Advance, and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a Type of Revolving Advance).

Examples of Revolving Advance in a sentence

  • The applicable Borrower shall select the Type of each Revolving Advance and, in the case of each Eurodollar Advance, the Interest Period applicable thereto; provided that there shall be no more than five (5) Interest Periods in effect with respect to all of the Revolving Loans of any single Borrower at any time, unless such limit has been waived by the Agent in its sole discretion.


More Definitions of Revolving Advance

Revolving Advance means any advance by a Lender to the Borrower as part of a Revolving Borrowing.
Revolving Advance or “Revolving Advances” means an advance (or advances) under the Revolving Line.
Revolving Advance means each advance made by Lender(s) pursuant to subsection 2.1(A).
Revolving Advance means any Advance comprised solely of Revolving Loans.
Revolving Advance means a borrowing consisting of simultaneous Revolving Loans of the same Type made to the Borrower by each of the Lenders pursuant to Section 2.1, and for, in the case of Eurodollar Advances, the same Interest Period.
Revolving Advance means an advance made by a Lender to the Borrower pursuant to Section 2.1(a).
Revolving Advance has the meaning set forth in Section 1.01(a).