Revolving Borrowing Limit definition

Revolving Borrowing Limit means an amount equal to the Maximum Revolving Amount.
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Revolving Borrowing Limit means, as of any date of determination, the lesser of (a) the Aggregate Revolving Commitments and (b) the Borrowing Base.
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Revolving Borrowing Limit means an amount equal to the lesser of (a) Maximum Revolving Amount or (b) the Borrowing Base. “Revolving Credit Commitment” shall mean the obligation hereunder of the Revolving Loan Lenders, during the Commitment Period, to make
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Examples of Revolving Borrowing Limit in a sentence

  • Borrowers shall not request any Letter of Credit (and Agent shall not be obligated to issue any Letter of Credit) if, after giving effect thereto, (a) the aggregate undrawn face amount of all issued and outstanding Letters of Credit would exceed the Letter of Credit Sublimit or (b) the Revolving Credit Exposure would exceed the Revolving Borrowing Limit.


More Definitions of Revolving Borrowing Limit

Revolving Borrowing Limit means, with respect to any Operating Company at any time, the lesser of (a) any Senior Indebtedness Cap applicable to such Operating Company at such time, (b) such Operating Company's Intercompany Loan Balance at such time or (c) the amount equal to:
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Revolving Borrowing Limit means the lesser of (a) $8,500,000, and (b) seventy five percent (75%) of the sum (i) Good Accounts Receivable and (ii) Inventory.
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Related to Revolving Borrowing Limit

  • Revolving Borrowing means a Borrowing comprised of Revolving Loans.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Canadian Borrowing means a borrowing consisting of simultaneous Canadian Loans of the same Type and, in the case of BA Equivalent Loans or LIBO Loans, having the same Interest Period made by each of the Canadian Lenders pursuant to Section 2.3.

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Initial Revolving Borrowing means one or more borrowings of Dollar Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date in an amount not to exceed the aggregate amounts specified or referred to in the definition of “Permitted Initial Revolving Borrowing Purposes.”

  • Notice of Revolving Borrowing shall have the meaning as set forth in Section 2.3.

  • Term B Borrowing means any Borrowing comprised of Term B Loans.

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.

  • Refunding Borrowing means a Committed Borrowing which, after application of the proceeds thereof, results in no net increase in the outstanding principal amount of Committed Loans made by any Bank.

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Refunded Swingline Loans as defined in Section 2.7(b).

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.