Revolving Credit Advance definition

Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.
Revolving Credit Advance has the meaning specified in Section 2.01(a).
Revolving Credit Advance means an advance by a Lender to the Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a "Type" of Revolving Credit Advance).

Examples of Revolving Credit Advance in a sentence

  • Any telephonic request for a Revolving Credit Advance by Borrowers shall be promptly confirmed by submission of a properly completed Advance Request Form to Lender, but failure to deliver an Advance Request Form shall not be a defense to payment of the Advance.

  • Subject to the terms and conditions of this Agreement, each Revolving Credit Advance shall be made available to Borrowers by depositing the same, in immediately available funds, in an account of Borrowers designated by Borrowers maintained with Lender at the Principal Office.

  • Each payment by Lender pursuant to a drawing under a Letter of Credit is required to be reimbursed by Borrowers to Lender and payable immediately upon receipt of such notice and, if Borrowers fail to so reimburse Lender, shall be charged by Xxxxxx as (and in such event will be deemed to be) a Revolving Credit Advance by Lender to Borrowers under the Revolving Credit Note and this Agreement as of the day and time such payment is made by Lender and in the amount of such payment.

  • Borrowers shall give Lender notice of each Revolving Credit Advance by means of an Advance Request Form containing the information required therein and delivered (by hand or by mechanically confirmed facsimile) to Lender no later than 1:00 p.m. (Texas time) on the day on which the Revolving Credit Advance is desired to be funded.


More Definitions of Revolving Credit Advance

Revolving Credit Advance means a borrowing requested by the Borrower and made by the Revolving Credit Lenders under Section 2.1 of this Agreement, including without limitation any readvance, refunding or conversion of such borrowing pursuant to Section 2.3 hereof and any deemed disbursement of an Advance in respect of a Letter of Credit under Section 3.6(c) hereof, and may include, subject to the terms hereof, Eurodollar-based Advances and Base Rate Advances.
Revolving Credit Advance has the meaning specified in Section 2.01(c).
Revolving Credit Advance means an advance by a Lender to any Borrower under Section 2.01(a).
Revolving Credit Advance means any Revolving Credit Loan and any Letter of Credit Advance.
Revolving Credit Advance means an Advance made pursuant to Section 2.1(a) hereof.
Revolving Credit Advance has the meaning ascribed to it in Section ------------------------ ------- 1.1(a)(i). ---------