Revolving Advance Commitment definition

Revolving Advance Commitment means as to any Lender, the obligation of such Lender, to make Revolving Advances, in an aggregate principal and/or face amount not to exceed the amount of such Xxxxxx’s Revolving Commitment.”

Revolving Advance Commitment means the sum of Seven Million Five Hundred Thousand Dollars ($7,500,000).

Revolving Advance Commitment means, with respect to each Revolving Lender, the commitment of such Revolving Lender to make Revolving Advances and to acquire participations in Letters of Credit and Swingline Loans hereunder, expressed as an amount representing the maximum aggregate amount at any time of the sum of the outstanding principal amount of such Revolving Lender’s Revolving Advances, its LC Exposure and its Swingline Exposure at such time, as such commitment may be (a) reduced from time to time pursuant to Section 2.06, (b) increased pursuant to Section 2.20, or (c) reduced or increased from time to time pursuant to assignments by or to such Lender pursuant to Section 8.07. The initial amount of each Revolving Lender’s Revolving Advance Commitment is set forth either on Schedule I, in the Commitment Increase Agreement required under Section 2.20 pursuant to which such Revolving Lender shall have assumed its Revolving Advance Commitment, or in the Assignment and Acceptance pursuant to which such Revolving Lender shall have assumed its Revolving Advance Commitment, as applicable.

Examples of Revolving Advance Commitment in a sentence

• Each partial prepayment made pursuant to Clause 8.4 shall be applied as directed by the Borrower to reduce pro rata each scheduled repayment of the relevant Term Loan Advance to be made pursuant to Clause 8.1(a) and/or each scheduled reduction of the relevant Revolving Advance Commitment Limit to be made pursuant to Clause 8.2(a).

• All voluntary cancellations under Clause 8.12 and mandatory reductions under Clause 8.9(b) shall be applied to reduce future quarterly repayments under Clause 8.1 and/or reductions under Clause 8.2 on a pro rata basis (based on the then applicable amounts of such scheduled Term Loan Advance repayments or Revolving Advance Commitment Limit reductions).

• If by operation of this provision, Borrowers would be entitled to a refund of interest paid pursuant to this Agreement, each Lender agrees that it shall pay to Borrowers upon Agent’s request such Lender’s Revolving Advance Commitment Percentage, of such interest to be refunded, as determined by Agent.

• Such commission shall be payable in arrears on each Quarterly Payment Date during the term of each Letter of Credit, and on the Revolving Advance Commitment Termination Date, provided that any Letter of Credit commissions in respect of the Revolving-1 Advance Commitment accruing after the Revolving-1 Advance Commitment Termination Date or in respect of the Revolving-2 Advance Commitment accruing after the Revolving-2 Advance Commitment Termination Date shall in each case be payable on demand.

• Xxxxxxxx Telecopy number: (000) 000-0000 Other Currency Letter of Credit Commitment: $-0- Telephone number: (000) 000-0000 FIRST TENNESSEE BANK NATIONAL ASSOCIATION Facility Commitment: $7,500,000 Revolving Advance Commitment: $7,500,000 By: /s/ Xxxxxxx X.

• The Borrowers shall deliver to each Revolving Advance Lender a replacement Note (in the amount of such Revolving Advance Lender’s Revolving Advance Commitment) (such notes are collectively referred to herein as the “Replacement Notes”), executed by the Borrowers, in exchange for the applicable Notes of such Revolving Advance Lender currently outstanding.

• During the Commitment Period, Borrower agrees to pay to Agent for the account of Lenders in proportion to their respective Pro Rata Share a commitment fee computed daily at the rate of one-fifth of one percent (1/5%) per annum on the difference between the Total Revolving Advance Commitment and the Total Utilization.

• By: Name: Title: Schedule 1.2(a) Lender Commitments Lender Commitment Amount Revolving Advance Commitment Percentage Term Loan Commitment Percentage Commitment Percentage PNC BANK, NATIONAL ASSOCIATION $ 75,000,000 100.00 % 100.00 % 100.00 % Total $ 75,000,000 100 % 0.

• Each Liquidity Lender severally agrees to make, from time to time, on or before the Revolving Advance Commitment Termination Date, revolving loans (relative to such Liquidity Lender, its "Revolving Advances") to the Borrower equal to such Liquidity Lender's Percentage, as such Percentage may be decreased pursuant to Section 3.3, of the aggregate amount of the Borrowing of Revolving Advances requested by the Borrower to be made on such day.

• During the Revolving Advance Commitment Period, Borrowers may use the Revolving Advances by borrowing, prepaying and reborrowing, all in accordance with the terms and conditions of this Agreement.

More Definitions of Revolving Advance Commitment

Revolving Advance Commitment means, with respect to each Revolving Advance Lender, (i) the amount set forth opposite the name of such Revolving Advance Lender on the signature pages hereof as its Revolving Advance Commitment, or (ii) as to any Revolving Advance Lender which enters into an Assignment and Acceptance (whether as transferor Revolving Advance Lender or as assignee thereunder), the amount of such Revolving Advance Lender’s Revolving Advance Commitment after giving effect to such Assignment and Acceptance, or (iii) as to any Revolving Advance Lender which agrees to increase its Revolving Advance Commitment pursuant to Section 2.01(b) and (c), the amount of such Revolving Advance Lender’s Revolving Advance Commitment after giving effect to such increase, in each case as such amount may be reduced from time to time pursuant to Sections 2.08 and 2.09.

Revolving Advance Commitment means, as the context may require, a Revolving-1 Advance Commitment or a Revolving-2 Advance Commitment and collectively means all of the Revolving-1 Advance Commitments and Revolving-2 Advance Commitments.