Revolving Commitment Limit definition

Revolving Commitment Limit means $2,000,000 as of the date of the First Amendment, but such amount may be increased by the Bank in its sole discretion from time to time with the agreement of the Borrowers (a) should the Borrowers contribute additional assets other than Oil and Gas Properties of the Borrowers to the Borrowing Base Assets and/or additional Oil and Gas Properties of the Borrowers to the Borrowing Base Oil and Gas Properties in accordance with this Agreement or (b) should the Borrowing Base, as determined in accordance with Section 2.05, ever exceed such amount.
Revolving Commitment Limit is defined in Section 2.1. -------------------------- -----------
Revolving Commitment Limit means $18,600,000.00 as of the date of the Second Amendment, and such different amounts as are subsequently established, from time to time, pursuant to Section 2.19 hereof.

Examples of Revolving Commitment Limit in a sentence

  • Revolving Facility Commitment Limit” means the lesser of: (a) the Credit Limit; less the Letter of Credit Obligations; or (b) the Borrowing Base; less the Letter of Credit Obligations; provided, however, that Bank may from time to time agree to increase the Revolving Commitment Limit at its sole discretion.


More Definitions of Revolving Commitment Limit

Revolving Commitment Limit means $16,000,000.00 as of the date of this Agreement, and such different amounts as are subsequently established, from time to time, pursuant to Section 2.19 hereof.
Revolving Commitment Limit is defined in Section 2.1.
Revolving Commitment Limit means at any time the lesser of (a) $20,000,000.00 or (b) the then existing Borrowing Base.
Revolving Commitment Limit means $10,000,000.00 as of the Closing, but such amount may be increased by the Bank in its sole discretion from time to time with the agreement of the Borrower should the Borrower contribute additional Oil and Gas Properties of the Borrower to the Borrowing Base Oil and Gas Properties in accordance with Section 2.11 hereof or should the Borrowing Base, as determined in accordance with Section 2.05, ever exceed such amount.
Revolving Commitment Limit see the definition of Maximum Revolving Commitment.
Revolving Commitment Limit means $2,500,000.00 as of the Closing, but such amount may be increased by the Bank in its sole discretion from time to time with the agreement of the Borrower should the Borrower contribute additional Oil and Gas Properties of the Borrower to the Borrowing Base Oil and Gas Properties in accordance with Section 2.11 hereof or should the Borrowing Base, as determined in accordance with Section 2.05, ever exceed such amount.
Revolving Commitment Limit means $22,500,000.00 as of the date of the Third Amendment, and such different amounts as