Revolving Credit Sublimit definition

Revolving Credit Sublimit initially, with respect to each Borrower, the amount set forth opposite such Borrower’s name below: Parent Borrower $50,000,000 Texas Gas $50,000,000 Gulf South $300,000,000 The Parent Borrower may adjust the Revolving Credit Sublimit for each Borrower from time to time upon 3 Business Days’ prior written notice to the Administrative Agent; provided, however, that, except as otherwise provided in the following proviso in connection with a Revolving Credit Commitment Increase, (a) the Parent Borrower’s Revolving Credit Sublimit shall not exceed $150,000,000, (b) Texas Gas’ Revolving Credit Sublimit shall not exceed $400,000,000, (c) Gulf South’s Revolving Credit Sublimit shall not exceed $400,000,000 and (d) the aggregate Revolving Credit Sublimits for all Borrowers shall not exceed the then effective Revolving Credit Commitments; provided, further, that each Revolving Credit Commitment Increase shall increase the maximum Revolving Credit Sublimit for each Borrower in the preceding proviso ratably in accordance with their respective maximum Revolving Credit Sublimits immediately prior to such Revolving Credit Commitment Increase.
Sample 1Sample 2
Revolving Credit Sublimit means, with respect to any Borrower, the ------------------------- amount set forth below opposite the name of such Borrower, which amount is the maximum amount of Revolving Credit Obligations available to be extended to such Borrower on and after the Merger Funding Date: Borrower Amount -------- ------ The Company $ 10,000,000 ITC 150,000,000 OHM 10,000,000 OHM Remediation 50,000,000 Beneco $ 50,000,000; provided, however, the Revolving Credit Sublimit of any Borrower may be adjusted -------- ------- at the request of such Borrower by written notice of such request to the Administrative Agent and the acceptance of such request by the Administrative Agent in its reasonable discretion.
Sample 1
Revolving Credit Sublimit has the meaning assigned to such term in Section 2.04(a).
Sample 1

Examples of Revolving Credit Sublimit in a sentence

  • Demolition of buildings in the area proposed to locate the new building works will be undertaken separately as part of other approval processes and as part of a wider redevelopment program targeting the upgrade of the lower and western part of the campus.

  • No such reduction in the Revolving Credit Commitments shall reduce the Canadian Revolving Credit Sublimit, the Swingline Commitment or the L/C Sublimit (except as set forth in each respective definition).

  • No such reduction in the Revolving Credit Commitments shall reduce the Canadian Revolving Credit Sublimit, the Swingline Commitment, the Canadian Swingline Sublimit or the L/C Commitment (except as set forth in each respective definition).

  • Borrower acknowledges and agrees that to the extent any portion of the Revolving Credit will be made available to Borrower under any sublimit described in the Revolving Credit Sublimit Schedule (each, a “Sublimit”), such Sublimit shall be subject to the terms and conditions of this Agreement applicable to the Revolving Credit and to the additional terms and conditions contained in the Revolving Credit Sublimit Schedule applicable to such Sublimit.

  • In the event an LOC Sublimit Adjustment results in the total Advances then outstanding being greater than the new Applicable Revolving Credit Sublimit, then Obligors shall reduce the outstanding principal balance of the Advances below the new Applicable Revolving Credit Sublimit as a condition to the effectiveness of the LOC Sublimit Adjustment.

  • Such termination or partial reduction of the Revolving Credit Commitments shall be effective on the date specified in the Co-Borrowers' notice and shall reduce the Revolving Credit Commitment of each Lender proportionately in accordance with its Pro Rata Share of all of the Revolving Credit Commitments (including each Canadian Lender's corresponding Pro Rata Share of the Canadian Revolving Credit Sublimit).

  • A fee of five (5) basis points (.05%) shall be due and payable each calendar quarter on the unfunded principal amount of the Applicable Revolving Credit Sublimit calculated as of the last calendar Day of the calendar quarter, with the first such fee due as of the last calendar Day of the calendar quarter following Closing, then quarterly thereafter.

  • One Canadian Revolving Credit Note shall be payable to the order of each Canadian Lender in an amount equal to its Pro Rata Share of the Canadian Revolving Credit Sublimit.

  • If on the date of such determination the Dollar Equivalent of the Revolving Loans denominated in Euros exceeds 105% of the Euro Revolving Credit Sublimit (or, if lesser, the Total Revolving Commitments), the Borrower shall, if requested by such Majority Facility Lenders (through the Administrative Agent), prepay such Revolving Loans in such amounts as shall be necessary so that after giving effect thereto such condition no longer exists.

  • The Revolving Credit Sublimit Schedule to the Loan Agreement is hereby amended by deleting in its entirety the section therein entitled “Purchased Inventory Sublimit” and all related defined terms, all of which such defined terms and references to such defined terms shall be deemed stricken from the Loan Agreement wherever they appear.


More Definitions of Revolving Credit Sublimit

Revolving Credit Sublimit initially, with respect to each Borrower, the amount set forth opposite such Borrower’s name below: Parent Borrower $460,000,000 Texas Gas $190,000,000 Gulf South $250,000,000 Gulf Crossing $100,000,000 Storage $0 Midstream $0 The Parent Borrower may adjust the Revolving Credit Sublimit for each Borrower from time to time upon 3 Business Days’ prior written notice to the Administrative Agent; provided, however, that, except as otherwise provided in the following proviso in connection with a Revolving Credit Commitment Increase, (a) the Parent Borrower’s Revolving Credit Sublimit shall not exceed $1,000,000,000, (b) Texas Gas’ Revolving Credit Sublimit shall not exceed $1,000,000,000, (c) Gulf South’s Revolving Credit Sublimit shall not exceed $1,000,000,000, (d) Gulf Crossing’s Revolving Credit Sublimit shall not exceed $1,000,000,000, (e) Storage’s Revolving Credit Sublimit shall not exceed $250,000,000, (f) Midstream’s Revolving Credit Sublimit shall not exceed $500,000,000, (g) each Additional Borrower’s Revolving Credit Sublimit shall not exceed $250,000,000 and (h) the aggregate Revolving Credit Sublimits for all Borrowers shall equal the then effective Revolving Credit Commitments; provided, further, that each Revolving Credit Commitment Increase shall increase the maximum Revolving Credit Sublimit for each Borrower in the preceding proviso ratably in accordance with their respective maximum Revolving Credit Sublimits immediately prior to such Revolving Credit Commitment Increase.
Sample 1
Revolving Credit Sublimit means, with respect to any Borrower, the amount set forth below opposite the name of such Borrower, which amount is the maximum amount of Revolving Credit Obligations available to be extended to such Borrower on and after the Effective Date:
Sample 1
Revolving Credit Sublimit means, with respect to each Foreign Borrower, the amount set forth below opposite such Foreign Borrower's name (it being understood and agreed that the Company may from time to time by five (5) Business Days' written notice to the Administrative Agent (and subject to the Administrative Agent's consent) reallocate portions of such Revolving Credit Sublimit to one or more of such Foreign Borrowers as long as the sum of the portions so allocated does not at any time exceed $125,000,000): Hexcel Belgium $15,000,000 Hexcel U.K. $20,000,000 CML $30,000,000 Hexcel Lyon $30,000,000 Brochier $20,000,000 Danutec Holdings and Danutec Werkstoff $10,000,000; provided, that the "Revolving Credit Sublimit" of Hexcel Belgium shall be reduced by the amount of any Indebtedness incurred by Hexcel Belgium pursuant to Section 9.01(xi).
Sample 1
Revolving Credit Sublimit means $500,000,000.
Sample 1
Revolving Credit Sublimit means, with respect to any Borrower (other ------------------------- than ITC), an amount established by the Administrative Agent in its reasonable discretion (by notice to the Company prior to the Merger Funding Date) to be the maximum amount of Revolving Credit Obligations available to be extended to such Borrower on and after the Merger Funding Date.
Sample 1
Revolving Credit Sublimit means, with respect to each Affiliate Borrower, its Revolving Credit Sublimit, expressed in Dollars, set forth on Schedule 2.01.
Sample 1

Related to Revolving Credit Sublimit

  • Letter of Credit Sublimit means an amount equal to the lesser of (a) the Aggregate Revolving Commitments and (b) $25,000,000. The Letter of Credit Sublimit is part of, and not in addition to, the Aggregate Revolving Commitments.

  • Revolving Credit Outstandings means, at any particular time, the sum of (a) the principal amount of the Revolving Loans outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time.

  • 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 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 Aggregate Commitment means Twenty Five Million Dollars ($25,000,000), subject to reduction or termination under Section 2.11 or 9.2 hereof.

  • Total Revolving Credit Outstandings means the aggregate Outstanding Amount of all Revolving Credit Loans, Swing Line Loans and L/C Obligations.

  • Swingline Sublimit means an amount equal to the lesser of (a) $15,000,000 and (b) the Revolving Facility. The Swingline Sublimit is part of, and not in addition to, the Revolving Facility.

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

  • Revolving Credit Limit has the meaning set forth in the Schedule.

  • Aggregate Revolving Credit Outstandings shall have the meaning provided in Section 5.2(b).

  • Issuing Bank Sublimit means, as of the Effective Date, (i) $2,500,000, in the case of Chase and (ii) in the case of any other Issuing Bank, such amount as shall be designated to the Administrative Agent and the Borrower in writing by such Issuing Bank; provided that any Issuing Bank shall be permitted at any time to increase or reduce its Issuing Bank Sublimit upon providing five (5) days’ prior written notice thereof to the Administrative Agent and the Borrower.

  • Swing Line Sublimit means an amount equal to the lesser of (a) $25,000,000 and (b) the Aggregate Commitments. The Swing Line Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • L/C Sublimit means an amount equal to $5,000,000. The L/C Sublimit is part of, and not in addition to, the Aggregate Commitments.

  • Revolving Credit Availability means, at any particular time, the amount by which the Aggregate Revolving Loan Commitment at such time exceeds the Revolving Credit Obligations outstanding at such time.

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

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

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

  • LC Sublimit means $500,000,000.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

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

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).