Revolving Credit Amount definition
Examples of Revolving Credit Amount in a sentence
Notwithstanding anything in this Agreement to the contrary, in no event shall the aggregate principal Revolving Credit Obligations exceed the Maximum Revolving Credit Amount.
The Loans made by each Lender shall be evidenced by a single promissory note of the Borrower in substantially the form of Exhibit A dated (i) the Closing Date or (ii) the effective date of an Assignment pursuant to Section 12.06(b), payable to the order of such Lender in a principal amount equal to its Maximum Revolving Credit Amount as originally in effect and otherwise duly completed and such substitute Notes as required by Section 12.06(b).
It is expressly understood that the Lenders shall have no obligation to determine the Borrowing Base at any particular amount, either in relation to the Maximum Revolving Credit Amount or otherwise.
The Revolving Credit Obligations do not, and after making such proposed Advance or issuing such Letter of Credit would not, exceed the Maximum Revolving Credit Amount.
In addition to repayments under Section 2.5(B)(i)(e)(2), if at any time and for any reason (x) the amount of the Revolving Credit Obligations are greater than the Maximum Revolving Credit Amount or (b) the amount of the Revolving Credit Obligations plus the aggregate outstanding principal amount of the Term Loans are greater than the Borrowing Base (Senior Debt) as in effect at such time, the Borrower shall immediately make a mandatory prepayment of the Obligations in an amount equal to such excess.