Revolving Credit Maximum Amount definition

Revolving Credit Maximum Amount means One Hundred Thirty Five Million Dollars ($135,000,000), subject to any increases in the Revolving Credit Maximum Amount pursuant to Section 2.18 of this Agreement, by an amount not to exceed the Revolving Credit Optional Increase, and subject to any reductions or termination of the Revolving Credit Maximum Amount under Sections 2.15 or 9.2 of this Agreement.

Revolving Credit Maximum Amount means the lesser of (a) $3,000,000.00 or (b) the maximum amount permitted by the Advance Formula Agreement.

Revolving Credit Maximum Amount means at any particular time, the lesser of (i) $7,000,000 and (ii) the combined Borrowing Base of the Borrowers in the aggregate.

Examples of Revolving Credit Maximum Amount in a sentence

• Notwithstanding anything contained in this Agreement to the contrary, the aggregate principal amount of all Revolving Loans at any time outstanding plus the Letter of Credit Liabilities shall not exceed the Revolving Credit Maximum Amount.

• Unless Borrower shall elect to otherwise satisfy such Reimbursement Obligation, such reimbursement shall, subject to satisfaction of any conditions provided herein for the making of Revolving Loans and to the Revolving Credit Maximum Amount, automatically be made by advancing to Borrower a Revolving Loan in the amount of such Reimbursement Obligation.

• From the date hereof to the Revolving Credit Maturity Date, the Company shall pay to the Agent, for distribution to the Banks (as set forth below), a Revolving Credit Facility Fee determined by multiplying the Applicable Fee Percentage per annum times the Revolving Credit Maximum Amount then applicable under Section 2.15 hereof (whether used or unused), computed on a daily basis.

• The aggregate principal amount of Revolving Loans at any time outstanding plus the Letter of Credit Liabilities shall not exceed the Revolving Credit Maximum Amount.

• The foregoing notwithstanding, (i) unless otherwise consented to by Majority Lenders, Overadvances shall not be outstanding for more than sixty (60) consecutive days, and (ii) unless otherwise consented to by all Lenders, no Overadvances shall be permitted to the extent that such Overadvances would cause the Aggregate Revolving Extensions to exceed the Revolving Credit Maximum Amount.

More Definitions of Revolving Credit Maximum Amount

Revolving Credit Maximum Amount means the lesser of (a) the Revolving Credit Commitment, or (b) the Borrowing Base Limitation.

Revolving Credit Maximum Amount means the aggregate amount of the Revolving Commitments at any time, as such amount may be increased or reduced from time to time pursuant to the terms hereof. The initial Revolving Credit Maximum Amount on the Agreement Date is $150,000,000.

Revolving Credit Maximum Amount means One Hundred Twenty Million Dollars ($120,000,000), subject to any increases in the Revolving Credit Maximum Amount pursuant to Section 2.18 of this Agreement, by an amount not to exceed the Revolving Credit Optional Increase, and subject to any reductions or termination of the Revolving Credit Maximum Amount under Sections 2.15 or 9.2 of this Agreement.

Revolving Credit Maximum Amount means (a) the lesser of (i) $25,000,000 or (ii) the Borrowing Base Limitation.

Revolving Credit Maximum Amount. $250,000,000.00, as such amount may be reduced from time to time pursuant to the terms of the Agreement.

Revolving Credit Maximum Amount means $5,000,000.

Revolving Credit Maximum Amount means THIRTY MILLION DOLLARS ($30,000,000)."