Revolving Credit Default definition

Revolving Credit Default means an “Event of Default” (as defined in the Revolving Credit Agreement).
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Revolving Credit Default means an “Event of Default” (as defined in the Revolving Credit Agreement), which is no longer subject to any applicable cure or notice period and is continuing.
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Revolving Credit Default means an “Event of Default” as defined in the Revolving Credit Agreement.
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Examples of Revolving Credit Default in a sentence

  • Anything contained in this Note to the contrary notwithstanding, during any period in which an Event of Default is continuing, the interest rate hereunder shall, at the option of the Lender, be increased to the Revolving Credit Default Rate, and all interest accruing at such rate shall be payable upon demand by the Lender.

  • If Borrower fails to pay any premiums of any insurance, Lender may (but shall have no obligation to) pay same and any payments made by Lender shall be reimbursed by the Borrower upon demand of the Lender, and shall bear interest at the Revolving Credit Default Rate.

  • Upon and following an Event of Default hereunder, whether before or after acceleration of the indebtedness or entry of judgment, interest on the unpaid principal balance of the Revolving Credit Loans shall accrue at an annual rate which is equal to two percent (2%) above the then applicable rate of interest for the Revolving Credit Loans ("Revolving Credit Default Interest").

  • Anything contained in this Agreement to the contrary notwithstanding, during any period in which an Event of Default is continuing, the interest rate hereunder and under the Note shall, at the option of the Lender, be increased to a rate per annum equal to the Revolving Credit Default Rate and any interest accruing at such Revolving Credit Default Rate shall be payable on demand.


More Definitions of Revolving Credit Default

Revolving Credit Default means any Default (as defined in the Revolving Credit Agreement) under the Revolving Credit Agreement.
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Revolving Credit Default means an “Event of Default” (as defined in the Revolving Credit Agreement)ABL Default or a 2016 Secured Notes Default.
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Revolving Credit Default means any Default (as defined in the Revolving Credit Agreement) under the Revolving Credit Agreement.
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Related to Revolving Credit Default

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

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

  • Revolving Credit Maturity Date means the date that is six years after the Closing Date, or, if such date is not a Business Day, the next preceding Business Day.

  • Revolving Credit means the credit facility for making Revolving Loans and Swing Loans and issuing Letters of Credit described in Sections 1.2, 1.3 and 1.7 hereof.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • 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 Loans as defined in Section 2.1.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit D-2 hereto, evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the Borrower.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).