Revolving Credit Loan Commitment definition

Revolving Credit Loan Commitment means, as to each Bank, its obligation to make Revolving Credit Loans under Section 2.2 hereof in an aggregate principal amount at any time outstanding not to exceed the amount set forth opposite such Bank’s name on Exhibit A hereto under the column entitled “Revolving Credit Loan Commitment Amount,” or as such amount may be modified by any assignment made pursuant to this Agreement.

Revolving Credit Loan Commitment means, relative to any Lender, such Lender's obligation to make Advances pursuant to Section 2.01(a) of this Agreement.

Revolving Credit Loan Commitment shall have the meaning specified in Section 2.01(A).

Examples of Revolving Credit Loan Commitment in a sentence

• IBM acknowledges that it is aware of the United States securities laws regarding the possession of material non-public information concerning a company whose shares are publicly traded on an exchange.

• The percentage equal to the quotient of (x) each Lender’s Revolving Credit Loan Commitment, divided by (y) the aggregate of all Revolving Credit Loan Commitments, is that Lender’s “Revolving Credit Percentage”.

• The percentage equal to the quotient of (x) each Lender's Revolving Credit Loan Commitment, divided by (y) the aggregate of all Revolving Credit Loan Commitments, is that Lender's "Revolving Credit Percentage".

• Any reduction in part of the unused portion of a Bank’s Revolving Credit Loan Commitment shall be made in the proportion that such Bank’s Revolving Credit Loan Commitment bears to the total amount of the Revolving Credit Loan Commitments.

• Each Revolving Credit Note shall be in a principal amount equal to the amount of its Revolving Credit Loan Commitment then in effect and otherwise duly completed.

More Definitions of Revolving Credit Loan Commitment

Revolving Credit Loan Commitment means the Lenders' several commitments to make Revolving Credit Loans to the Borrower in accordance with SECTION 2.1.0 and this Agreement and in the maximum outstanding amount of each Lender's Pro Rata Share of $6,000,000, as such amount may be reduced pursuant to SECTION 2.6.

Revolving Credit Loan Commitment means, at any time, with respect to any Revolving Credit Loan Bank at any time, the amount set forth opposite such Bank’s name on Appendix I hereto under the caption “Revolving Credit Loan Commitment” or, if such Bank has entered into one or more Assignment and Assumptions, the amount set forth for such Bank in the Register maintained by the Agent pursuant to Section 10.06(f) as such Bank’s “Revolving Credit Loan Commitment”, as such amount may be reduced at or prior to such time pursuant to Sections 2.09 or 2.10.

Revolving Credit Loan Commitment means, for each applicable Lender, its obligation to make Revolving Credit Loans to the Borrowers pursuant to Sections 2.01(a) and 2.10, in an aggregate principal amount at any one time outstanding not to exceed the product of (a) such Lender’s applicable Pro Rata Share, times (b) the Maximum Revolving Credit Loan Commitment.

Revolving Credit Loan Commitment means, as to each Lender, its obligation (a) to make Revolving Credit Loans to the Borrower pursuant to Section 2.01, and (b) to purchase participations in LC Obligations and Swingline Loans, in an aggregate principal amount at any one time outstanding not to exceed the Revolving Credit Loan Commitment amount set forth opposite such Lender’s name on Schedule 1 or in the Assignment and Assumption or other documentation contemplated hereby 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 Loan Commitment as set out in Section 1.1 of the Credit Agreement is hereby deleted in its entirety and is replaced with the following:

Revolving Credit Loan Commitment means the Lenders' several commitments to make Revolving Credit Loans to the Borrower and to issue or participate in Letters of Credit in accordance with Section 2.1.0 and this Agreement and in the maximum outstanding amount of each Lender's Pro Rata Share of the lesser of (i) the Borrowing Base and (ii) $25,000,000, as such amount may be reduced pursuant to Section 2.6.1 or 2.

Revolving Credit Loan Commitment means, as to any Bank that has committed to make Revolving Credit Loans hereunder, the percentage (the "REVOLVING CREDIT LOAN COMMITMENT PERCENTAGE") and amount set forth opposite its name on Schedule 1 hereto under the headings "Revolving Credit Loan Commitment Percentage" and "Revolving Credit Loan Commitment" as such amount may be reduced from time to time in accordance with the provisions of subsection 2.6 hereof; and collectively, as to all Banks that have committed to make Revolving Credit Loans hereunder, the "REVOLVING CREDIT LOAN COMMITMENTS".