Examples of Revolving Credit Debt in a sentence
The Borrower shall use the proceeds of the Facility B Revolving Credit Debt solely (i) for general corporate purposes and (ii) to provide working capital in the ordinary course of its business, including, without limitation, to fund receivables and the purchase of inventory.
The Revolving Credit Debt Documents constitute the legal, valid and binding obligations of the Credit Parties, enforceable against the Credit Parties in accordance with the terms thereof.
The Credit Parties have the power and authority to incur the Indebtedness pursuant to the Revolving Credit Debt Documents and have duly authorized, executed and delivered the Revolving Credit Debt Documents.
As of the Second Amendment Effective Date, the outstanding principal balances of the Revolving Credit Debt, exclusive of any outstanding letters of credit, is $0, and all Revolving Credit Loan Documents have been delivered to the Lenders prior to the Effective Date.
The term "Initial Yield to Maturity" shall mean the Yield to Maturity on all Senior Indebtedness then outstanding calculated on the basis of the Bank Credit Agreement as in effect on the date of this Agreement but assuming that any Revolving Credit Debt has a maturity 5 years from the date of computation.