Revolving Balance definition

Revolving Balance means, on any date of determination, the average outstanding balance under the Revolving Facility for the immediately preceding twelve (12) months ending on such date.
View Source
Revolving Balance means the principal amount ----------------- outstanding on all of the Forbearance Revolving Notes at any given point in time.
View Source

Examples of Revolving Balance in a sentence

  • This gives us the Average Daily Balance for your Revolving Balance.

  • To get the daily balance, we take the beginning Revolving Balance of your Account each day.

  • Then we subtract any payments or credits applied to your Revolving Balance, and any unpaid Interest Charges.

  • Borrower shall have the right at any time and from time to time to prepay any Borrowing, in whole or in part; provided that each partial prepayment or permanent reduction in any Commitment shall be in an amount that is an integral multiple of $250,000 and not less than $500,000 and provided, further that following such prepayment, the outstanding principal balance of the Revolving Loan is not less than the Minimum Revolving Balance.

  • To get the Average Daily Balance for your Revolving Balance, we first must determine the daily balance for your Revolving Balance.

  • The Periodic Interest Rate that applies to your Revolving Balance is 2.4% (corresponding APR 28.8%) (“Interest Rate”).

  • The Average Daily Balance for your Revolving Balance is calculated by determining the daily balance for your Revolving Balance.

  • The Periodic Interest Rate that applies to your Revolving Balance is 1.9% (corresponding APR 22.8%) ("Interest Rate").

  • We will then allocate your payments to outstanding Interest Charges and Fees due on the Revolving Balance.

  • The Minimum Payment due each billing cycle will be the greater of: (i) the sum of the separate monthly payment amounts for all outstanding Loans, plus any amount past due, plus any amount in excess of your Revolving Balance Available or Revolving Balance , plus any other charges or fees incurred, rounded up to the nearest whole dollar, or (ii) $10.