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 ascribed thereto in Section 2.1(a).

Examples of Revolving Facility Amount in a sentence

• Notwithstanding the foregoing, (i) the aggregate amount of all Protective Advances outstanding at any time shall not exceed an amount equal to ten percent (10%) of the Maximum Revolving Facility Amount and (ii) after giving effect to any such Protective Advances, the outstanding balance of all Revolving Loans will not exceed the Maximum Revolving Facility Amount.

• Each reduction (i) shall be in a minimum amount of $2,500,000, (ii) shall not reduce the Maximum Revolving Facility Amount and the Revolving Loan Commitments to an amount less than the aggregate principal amount of Revolving Loans outstanding at such time (unless accompanied by a corresponding prepayment of such outstanding Revolving Loans), and (iii) shall not reduce the Maximum Revolving Facility Amount and the Revolving Loan Commitments to an amount less than $10,000,000.

• If at any time for any reason whatsoever (including as a result of currency fluctuations) (i) the outstanding balance of all Revolving Loans exceeds the lesser of (x) the Maximum Revolving Facility Amount minus Reserves established against the Maximum Revolving Facility Amount and (y) the Borrowing Base or (ii) any of the Loan Limits for Revolving Loans are exceeded, then, in each case, Borrowers will immediately pay to Agent such amounts as shall cause Borrowers to eliminate such excess.

• On the effective date of each permanent reduction of the Maximum Revolving Facility Amount and the Revolving Loan Commitments, Borrowers will be required to pay the Early Termination Fee with respect to the amount by which the Maximum Revolving Facility Amount and the Revolving Loan Commitments are reduced.

• Borrower Representative may, at its option from time to time (but in no event more than five (5) times prior to the Maturity Date), permanently reduce the aggregate Maximum Revolving Facility Amount and the Revolving Loan Commitments (by a corresponding amount) upon at least thirty (30) days’ prior written notice to Agent, which notice shall specify the amount and effective date of the reduction and may be conditioned upon the closing of another transaction.

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 $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 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.

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, with respect to each Bank, the amount designated as such opposite that Bank's name on the signature page hereof, unless said amount is reduced pursuant to Section 2.20, in which event it means the amount to which said amount is reduced.