Revolving Facility Amount definition
Revolving Facility Amount the lesser of:
Revolving Facility Amount means, from time to time, the aggregate amounts outstanding under the Revolving Facility.
Revolving Facility Amount has the meaning set forth in Section 2.2.
Examples of Revolving Facility Amount in a sentence
Lender may, from time to time establish and modify reserves against the Borrowing Base and/or the Maximum Revolving Facility Amount in such amounts and of such types as Lender deems appropriate in its Permitted Discretion (“Reserves”) provided, that, the amount of any Reserves established by Lender shall have a reasonable relationship to the event, condition, other circumstance or fact that is the basis for such Reserve or such change.
More Definitions of Revolving Facility Amount
Revolving Facility Amount means an aggregate amount of $55,000,000 consisting of a maximum principal amount of $30,000,000 for Facility 1 and a maximum principal amount of $25,000,000 (inclusive of the sublimit available for the issuance of Letters of Credit of up to $10,000,000) for Facility 2.
Revolving Facility Amount means $1,500,000, provided, however, that the Revolving Facility Amount may be increased to an amount not to exceed $3,000,000 in Lender’s sole discretion as set forth in Section 2.2.
Revolving Facility Amount means an aggregate amount of $70,000,000 consisting of a maximum principal amount of $30,000,000 for Facility 1, a maximum principal amount of $25,000,000 for Facility 2 (inclusive of the sublimit available for the issuance of Letters of Credit of up to $10,000,000), and a maximum principal amount of $15,000,000 for Facility 3.
Revolving Facility Amount means the aggregate revolving credit line extended by the Lenders to the Borrowers for Revolving Facility Loans pursuant to and in accordance with the terms of this Agreement, in an amount up to $40,000,000.00. In the event that the Issuing Lender issues Letters of Credit on behalf of any Borrower, any Subsidiary or any Guarantor, the Revolving Facility Amount shall be reduced by the Letter of Credit Obligations.
Revolving Facility Amount means $45,000,000, as reduced pursuant to the provisions of Section 2.6 of the Agreement, less the sum of (a) the Stated Amount of any outstanding Letter of Credit from time to time and the amount of any unreimbursed Drawing under any Letters of Credit, (b) the Interest Rate Exposure Reserve and (c) the Swap Reserve.
Revolving Facility Amount means the Revolving Credit Facility, as reduced pursuant to the provisions of Sections 2.6 and 2.7 of the Agreement, less the sum of (a) the Stated Amount of any outstanding Letter of Credit from time to time and the amount of any unreimbursed Drawing under any Letters of Credit and (without duplication) unreimbursed payments under any related LC Supports, (b) the Interest Rate Exposure Reserve, (c) the Swap Reserve and (d) $10,000,000.
Revolving Facility Amount means at any time at which same is to be determined, the lesser of (i) the Borrowing Base, or (ii) $60,000,000; in either case minus the face amount of all Letters of Credit and Acceptances then outstanding.