Revolving credit line definition

Revolving credit line means an agreement between the borrower and a secured lender who agrees to loan the borrower money on a continuing basis so long as the outstanding principal amount owed by the borrower does not exceed a specified amount.
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Revolving credit line means the maximum amount of Revolving Loans and Letters of Credit at any one time outstanding under the Revolving Facility, not to exceed the amount set forth in Section 2.2, as the same may be reduced or modified at any time or from time to time pursuant to the terms hereof.
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Revolving credit line means that the borrower can apply for the use of the credit line multiple times in accordance with the contract to obtain the loan, but the loan balance cannot exceed the agreed credit line.
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Examples of Revolving credit line in a sentence

  • Revolving credit line lowers the cost of making credit since operating and processing cost are reduced.

  • Revolving credit line TCCL is a swingline borrower on a US$150 million multicurrency revolving credit agreement (incorporating a US$ swingline option) with a chartered American bank.

  • Revolving credit line TCCL is named as a borrower on a CAD$1.375 billion short term revolving credit line with a syndicate of Canadian chartered banks.

  • Revolving credit line TCCL is named as a borrower on a CAD$375 million short term revolving credit line with a Canadian chartered bank.

  • Revolving credit line TCCL is named as a borrower on a $1.625 billion short term revolving credit line with a syndicate of Canadian chartered banks.

  • Revolving credit line Cofiroute has an internal revolving credit line with VINCI Autoroutes in the amount of €1 billion, maturing in November 2026.

  • Revolving credit line is presented in long-term loans from related party as at 31 December 2016 (as at 31 December 2015 it was presented as short-term).

  • Short-term borrowings consists of the following:Revolving credit line Bankinter € 949,590 1,100,000 BBVA 786,772 1,000,000 Sabadell 1,122,261 1,500,000 Caja de Ahorros y Monte de Piedad de Madrid 232,563 1,000,000 € 3,091,186 Revolving credit line Bankinter € 188,657 1,100,000 BBVA 422,928 1,000,000 La Caixa 161,260 1,500,000 Sabadell 428,527 2,000,000 € 1,201,372 The three month Euribor rate was 2.892% and 4.684% as of December 31, 2008 and 2007, respectively.

  • Additional hazard signs may be added where appropriate, e.g. RF Hazard as shown below.

  • Credit Cards and Revolving Lines of Credit Revolving credit line lowers the cost of making credit since operating and processing cost are reduced.


More Definitions of Revolving credit line

Revolving credit line means the maximum amount of Revolving Loans and Letters of Credit at any one time outstanding under the Revolving Facility, not to exceed the amount set forth in Section 2.2(a), as the same may be reduced or modified at any time or from time to time pursuant to the terms hereof.
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Revolving credit line means U.S.$25,000,000 or the ---------------------------------- Equivalent Amount thereof in BPS.
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Revolving credit line. FACILITY: The lender agrees to offer borrower a revolving credit line in the amount of one million one hundred thousand and 00/100 Dollars (US$1,100,000.00) effective June 1, 2006.
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Revolving credit line has the meaning set forth in Art. 2.1 (Financing). The term 'Further Charges' indicates:
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Revolving credit line means that certain Line of Credit Agreement between the Company and Manufacturers and Traders Trust Company, as more particularly set forth in Schedule 5.14 hereof.
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Related to Revolving credit line

  • Revolving Credit Loans as defined in Section 2.1.

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

  • 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 Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Credit Notes means the separate Revolving Credit Notes made by the Borrower payable to the order of each Lender, substantially in the form of Exhibit A hereto, evidencing the Credit Facility, and any amendments and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part; "Note" means any of such Revolving Credit Notes.

  • 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 C-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.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such 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 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 Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

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

  • Revolving Credit Period means the period from and including the Effective Date to but excluding the Termination Date.

  • Revolving Credit Availability means, at any particular time, the amount by which (x) the Aggregate Revolving Loan Commitment at such time exceeds (y) the Dollar Amount of the Revolving Credit Obligations outstanding at such time.

  • U.S. Revolving Credit Commitment shall have the meaning assigned to such term in Section 2.1(c).

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

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

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Total Revolving Credit Commitment means, at any time, the aggregate amount of the Revolving Credit Commitments, as in effect at such time. The initial Total Revolving Credit Commitment is $90,000,000.

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the date hereof is $250,000,000.

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Revolving Loans and its LC Exposure and Swingline Exposure at such time.

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.