Revolving Facility Limit definition

Revolving Facility Limit means the Base Facility Amount at such time, plus the Revolving Facility Margin Limit at such time, provided that such aggregate amount shall not at any time exceed $25,000,000.

Revolving Facility Limit means $5,000,000.

Revolving Facility Limit means $4,000,000.

Examples of Revolving Facility Limit in a sentence

• Such unused line fee constitutes reasonable consideration for Lender’s taking of appropriate actions to be able to make available to Borrowers the amount of the Revolving Facility Limit for such period.

• If at any time the aggregate principal amount of all Loan Advances outstanding (collectively, the “Total Exposure”) exceeds the Revolving Facility Limit at such time, then the Borrower will promptly repay such Loan Advances in cash by an amount required to reduce the Total Exposure to an amount less than or equal to the Revolving Facility Limit.

• Borrowers shall pay to Lender an unused line fee for the period from the date hereof through the Maturity Date of 0.50% per annum on the average daily unborrowed amount of the Revolving Facility Limit during such period, assuming for purposes of this calculation that no less than $2,000,000 is borrowed at any time.

• If the revolving credit facility contemplated hereunder is terminated for any reason prior to the Maturity Date, Borrowers shall pay Lender an early termination fee in an amount equal to 1.00% of the Revolving Facility Limit if the termination occurs on or prior to the Maturity Date.

• Borrowers shall pay to Lender an unused line fee for the period from the date hereof through the Maturity Date of 0.50% per annum on the average daily unborrowed amount of the Revolving Facility Limit during such period, assuming for purposes of this calculation that no less than $5,000,000 is borrowed at any time.

More Definitions of Revolving Facility Limit

Revolving Facility Limit in Schedule “C” of the Credit Agreement is hereby deleted in its entirety and replaced with the following:

Revolving Facility Limit means $40,000,000.00.

Revolving Facility Limit means, as of any date of determination, an amount equal to the Amount of Credit Line less the principal balance of the Term Loan as of such date.

Revolving Facility Limit means $7,000,000.

Revolving Facility Limit shall have the meaning provided in Section 1.1 of Schedule A hereto.

Revolving Facility Limit means Two Million Seven Hundred Fifty Thousand and no/100 Dollars ($2,750,000.00).

Revolving Facility Limit means $2,550,000.