Revolving Credit Termination Balance definition

Revolving Credit Termination Balance means the aggregate principal amount of Advances outstanding on the Revolving Credit Termination Date after giving effect to any Advances made or repaid on such date.
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Revolving Credit Termination Balance means the aggregate principal amount of Advances under the Revolving Credit Facility outstanding on December 31 of each year after giving effect to any Advances made or repaid by such date, and less the Working Capital Sublimit.
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Revolving Credit Termination Balance means zero at the close of business on the Revolving Credit Termination Date.
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Examples of Revolving Credit Termination Balance in a sentence

  • Re: Credit Agreement (the "Agreement") dated as of February 5, 1999 among Cordant Technologies Inc., the Banks listed on the signature pages thereof and the Administrative Agent We hereby give notice pursuant to Section 2.2.2 of the Agreement that we request conversion of the Revolving Credit Termination Balance on the Revolving Credit Termination Date to Term Loans.

  • The Revolving Credit Termination Balance, any outstanding Advances and all other unpaid Obligations shall be paid in full by the Borrower on the Facility Termination Date.

  • The Revolving Credit Termination Balance and all other unpaid Obligations shall be paid in full by the Borrower on the Revolving Credit Termination Date; PROVIDED, HOWEVER, that upon the written request of the Borrower, delivered to the Agent at least ten (10) Business Days prior to the Revolving Credit Termination Date, the Revolving Credit Termination Balance shall be due and payable on the Facility Termination Date.

  • The Revolving Credit Termination Balance shall be paid in full by the Borrower on the Revolving Credit Termination Date; PROVIDED, HOWEVER, that (a) Loans may be prepaid prior to the Revolving Credit Termination Date in accordance with the terms of this Agreement and (b) the Revolving Credit Termination Balance may be consolidated and converted into a single one-year term loan (the "TERM LOAN OPTION").

  • The Borrower shall have the option to (1) convert the Revolving Credit Termination Balance to a one-year term loan maturing on July 8, 2003 (in which case any unfunded portion of the Commitments shall be cancelled and the Facility Termination Date shall be extended to July 8, 2003), provided no Default exists (a “Term Loan Request”), or (2) request a 364 day extension to July 7, 2003 of both the Revolving Credit Termination Date and the Facility Termination Date (an “Extension Request”).

  • Sections II and III describe the preparatory work: design of the pedestrian routes, geo-positioning of the reference points in the building and creation of data sets for the off-site tracks.

  • The Revolving Credit Termination Balance and all other unpaid Obligations (other than LC Obligations, the repayment of which shall be governed by Section 2.19) shall be paid in full by the Borrower on the Revolving Credit Termination Date; PROVIDED, HOWEVER, that upon the written request of the Borrower, delivered to the Agent at least ten (10) Business Days prior to the Revolving Credit Termination Date, the Revolving Credit Termination Balance shall be due and payable on the Facility Termination Date.

  • Any portion of the Revolving Credit Termination Balance remaining unpaid on January 10, 2002 shall be repaid in full on such date.

  • Commencing on December 31, 2004, and continuing on December 31 of each year until the Revolving Credit Termination Date, the Revolving Credit Termination Balance on such date (the "YEAR END BALANCE") shall convert (a "TERM CONVERSION") to a term loan, to be repaid as provided in Section 2.2; provided, that, (x) the amount of the Term Conversion on December 31, 2004 shall not exceed $50,000,000, and (y) the aggregate balance of all Term Conversions in existence at any time shall not exceed $50,000,000.

  • Upon such election, the Revolving Credit Termination Balance shall be converted into a one-year term loan payable in four equal, consecutive quarterly installments of principal, on March 20, 2000, June 20, 2000, September 20, 2000, and on the Facility Termination Date.


More Definitions of Revolving Credit Termination Balance

Revolving Credit Termination Balance means the aggregate principal amount of Advances outstanding at the close of business on the Revolving
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Related to Revolving Credit Termination Balance

  • Revolving Credit Termination Date means the earlier to occur of (i) the Current Termination Date then in effect and (ii) the date of termination in whole of the Commitments pursuant to Section 2.05(a) or 6.01.

  • Revolving Credit Commitment Termination Date means the earliest to occur of (i) other than with respect to Extended Revolving Credit Commitments, August 28, 2022, (ii) the date the Revolving Credit Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, (iii) the date of the termination of the Revolving Credit Commitments pursuant to Section 8.2, and (iv) solely with respect to any Extended Revolving Credit Commitments, the applicable Extended Maturity Date.

  • Revolving Commitment Termination Date means the earliest to occur of (i) the fifth anniversary of the Closing Date, (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.13(b) or 2.14, and (iii) the date of the termination of the Revolving Commitments pursuant to Section 8.1.

  • Revolving Loan Commitment Termination Date means the earliest of

  • Revolving Loan Termination Date means the earlier of (a) the fifth anniversary of the Funding Date and (b) the date of termination in whole of the Aggregate Revolving Loan Commitment pursuant to Section 2.05(a) or Section 9.01 hereof.

  • Term Loan Commitment Termination Date means with respect to the Tranche B Term Loans, the date which is the earlier to occur of (x) the date which is seven years after the Third Restatement Date and (y) the first date on which all undrawn Term Loan Commitments have been terminated or reduced to zero pursuant to the terms hereof.

  • Revolving Facility Termination Date means the earlier of (i) August 9, 2018, or (ii) the date that the Commitments have been terminated pursuant to Section 8.02.

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

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

  • Swingline Termination Date means the date which is 7 Business Days prior to the Termination Date.

  • Letter of Credit Termination Date means the fifth Domestic Business Day prior to the Termination Date.

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

  • Delayed Draw Term Loan Commitment Termination Date means the earliest to occur of (i) December 31, 2008, (ii) the date the Delayed Draw Term Loan Commitments are permanently reduced to zero pursuant to Section 2.1, and (iii) the date of the termination of the Delayed Draw Term Loan Commitments pursuant to Section 11.1.

  • Scheduled Commitment Termination Date means March 21, 2023March 28, 2022.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Credit Expiration Date means May 1, 2002, or any date to which it may be extended from time to time pursuant to the terms of Section 2.6 hereof.

  • 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.

  • 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).

  • Aggregate Revolving Committed Amount means the aggregate amount of Commitments in effect from time to time, being initially One Hundred Fifty Million Dollars ($150,000,000) (as such amount may be increased as provided in Section 2.5 or reduced as provided in Section 2.9 from time to time).

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

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • 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.

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

  • Term Loan Termination Date means the earlier to occur of (a) the Term Loan Maturity Date and (b) the acceleration of the Term Loans in accordance with the terms hereof.

  • Commitment Termination Date means the earlier of (a) the Maturity Date and (b) the earlier termination in whole of the Commitments pursuant to Section 2.04 or Article VII.

  • 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.