Revolving Debt has the meaning assigned to the term “Secured Obligations” under the Revolving Credit Agreement or any similar term under any Permitted Refinancing Debt in respect thereof.
Revolving Debt has the meaning assigned to such term in Section 7.01(l).
Revolving Debt shall have the meaning assigned thereto in the Recitals hereof.
Examples of Revolving Debt in a sentence
Revolving Debt: If the account shown on the credit report has an outstanding balance and is not reporting a minimum monthly payment, the monthly payment for qualifying purposes must be calculated at the greater of 5% of the balance or$10.
Revolving Debt ▪ All revolving debt is included for qualifying regardless of number of payments remaining.
Pending the final application of any such Net Proceeds, the Company may temporarily reduce Senior Revolving Debt or otherwise make an Investment of such Net Proceeds in any manner that is not prohibited by the terms of this Indenture.
Kennedy School of Government, Harvard University, and Director, Putnam, Hayes & Bartlett, Inc., Cambridge MA.
Installment Debt ▪ Follow the DU and the requirements in chapters B3-3 through B3-6 of the Fannie Mae Single Family Selling Guide, published June 3, 2020 Revolving Debt ▪ All revolving debt is included for qualifying regardless of number of payments remaining.
More Definitions of Revolving Debt
Revolving Debt means any debt arising out of the Revolving Credit Facility and/or the Revolving Debt Documents.
Revolving Debt means any and all “Obligations” (as defined in the Revolving Credit Agreement and the Revolving Security Documents), including, without limitation, on account of Bank Products and Cash Management Services and on account of any DIP Financing.
Revolving Debt means the amounts outstanding under the Amended and Restated Credit Agreement, dated as of January 9, 2004, as amended and restated as of November 7, 2008, and as further amended and restated as of September 16, 2009, among AAM, AAM Holdings, the Lenders party thereto, JPMorgan Chase Bank, N.A., J.X. Xxxxxx Securities Inc. and Banc of America Securities LLC, and (iii) “Term Debt” means the amounts outstanding under the Credit Agreement, dated as of June 14, 2009, as amended and restated as of September 16, 2009, among AAM, AAM Holdings, the Lenders party thereto, JPMorgan Chase Bank, N.A., J.X. Xxxxxx Securities Inc. and Banc of America Securities LLC; and
Revolving Debt means all obligations, liabilities and indebtedness of every nature of the Loan Parties (including Enforcement Expenses) from time to time owed to the Revolving Agent and/or the other Revolving Creditors under the Revolving Debt Documents, including, without limitation, all “Obligations” under and as defined in the Revolving Loan Agreement, in each case, whether now existing or hereafter incurred or arising and whether incurred or arising before or after the filing of an Insolvency Proceeding with respect to any Loan Party, together with (a) any amendments, modifications, renewals, or extensions thereof, and (b) any interest, costs, fees and expenses accruing thereon after the commencement of an Insolvency Proceeding with respect to any Loan Party, without regard to whether or not such interest, costs, fees and expenses comprises part of an allowed or allowable claim. The Revolving Debt shall be considered to be outstanding until the Payment in Full thereof.
Revolving Debt. A debt that can be repeatedly available, and so, the borrower does not have to reapply for credit again and again. Instead, the creditor approves a credit limit, which is the maximum amount that the debtor can borrow, as periodic repayments are made. Revolving debt usually has a variable interest rate, and the repayments are based on a percentage of the balance. The most common example is borrowing using credit cards. Revolving Line of Credit: It refers to an amount of credit repeatedly available for borrowing, for an undetermined time period. It can be repaid periodically, and it can be borrowed again, once it has been repaid. Rewards Program: A program offered by some credit card companies, to reward purchases or transactions made by using their credit cards. In a reward program, points are assigned to each Risk Scoring Models: Statistical models with complicated formulas, that are used for measuring the risk involved with loans or debt. In other words, they evaluate the creditworthiness of the individuals or businesses, on the basis of their credit history.
Revolving Debt means (a) the revolving loans provided to the Borrower pursuant to a credit agreement, or other similar financing such as factoring arrangements or securitization related to the Trade Accounts, such other financing to be in a form reasonably acceptable to the Lender, and any amendment, renewal, supplement, replacement, or refinancing of such revolving facility and (b) the revolving loans provided to the UK Subsidiary pursuant to a credit agreement, or other similar financing such as factoring arrangements or securitization related to the Trade Accounts (as that term is defined in the Term Loan Agreement (UK Facility)), such other financing to be in a form reasonably acceptable to the Lender, and any amendment, renewal, supplement, replacement, or refinancing of such revolving facility.