Revolving Indebtedness definition

Revolving Indebtedness means, collectively, all obligations of the Borrower to the Revolving Lenders and the Revolving Administrative Agent under the Revolving Credit Facility and the other Loan Documents (as defined in the Existing Revolving Credit Agreement), including in each case in respect of the principal of and interest on the loans made thereunder, and all fees, indemnification payments and other amounts whatsoever, whether direct or indirect, absolute or contingent, now or hereafter from time to time owing to the Revolving Administrative Agent or the Revolving Lenders or any of them under or in respect of the Existing Revolving Credit Agreement and the other Loan Documents (as defined in the Existing Revolving Credit Agreement), and including all interest and expenses accrued or incurred subsequent to the commencement of any bankruptcy or insolvency proceeding with respect to the Borrower, whether or not such interest or expenses are allowed as a claim in such proceeding.

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Revolving Indebtedness means Indebtedness incurred by the Parent or any of its Subsidiaries owing under the Revolving Credit Agreement and the other Revolving Loan Documents.

Revolving Indebtedness means all Indebtedness and other “Obligations” (as defined in the Revolving Credit Agreement) incurred by the “Administrative Borrower ” (as defined in the Revolving Credit Agreement) and its Subsidiaries under the Revolving Indebtedness Documents from time to time.

Examples of Revolving Indebtedness in a sentence

The Borrower will not nor will it permit any of its Subsidiaries to, create, incur, assume or permit to exist any Indebtedness, except Indebtedness created hereunder or under any other Loan Document; provided that until the Termination Date there shall be no Revolving Indebtedness outstanding.
The Security Interest is and shall be prior to any other Lien on any of the Article 9 Collateral, other than (i) any nonconsensual Lien that is expressly permitted pursuant to Section 6.2 of the Credit Agreement and has priority as a matter of law and (ii) Liens expressly permitted pursuant to Section 6.2 of the Credit Agreement (other than Liens securing Permitted Junior Lien Indebtedness or, with respect to the Term Priority Collateral, Permitted Revolving Indebtedness).
SIGNATURE: /s/▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ DATE: 5/6/2020 This General Release of Claims (the “Release”) is entered into as of [ ], by and between ▇▇▇▇▇▇ ▇▇▇▇▇▇ (“you”) and Green Dot Corporation (the “Company”), collectively referred to herein as the “Parties”.
This Agreement shall terminate upon the earlier of (a) the later of final and irrevocable payment in full of (i) the Term Indebtedness or (ii) the Revolving Indebtedness and the termination of any obligation of Revolving Agent and/or Revolving Lenders to make any further loans or credit extensions under the Revolving Loan Documents or (b) the agreement of the parties that all collateral has been disposed of or otherwise realized upon.
Any such additional party and each party hereto shall be entitled to rely upon a certificate delivered by an officer of the Company certifying that such Other Pari Passu Term Indebtedness or Other Pari Passu Revolving Indebtedness, as the case may be, was borrowed in compliance with the Revolving Facility Documents and the Term Facility Documents.

More Definitions of Revolving Indebtedness

Revolving Indebtedness means, collectively, all obligations of the Borrower to the Revolving Lenders and the Revolving Administrative Agent under the Revolving Credit Facility and the other Loan Documents (as defined in the Revolving Credit Agreement), including in each case in respect of the principal of and interest on the loans made thereunder, and all fees, indemnification payments and other amounts whatsoever, whether direct or indirect, absolute or contingent, now or hereafter from time to time owing to the Revolving Administrative Agent or the Revolving Lenders or any of them under or in respect of the Revolving Credit Agreement and the other Loan Documents (as defined in the Revolving Credit Agreement), and including all interest and expenses accrued or incurred subsequent to the commencement of any bankruptcy or insolvency proceeding with respect to the Borrower, whether or not such interest or expenses are allowed as a claim in such proceeding.

Revolving Indebtedness means (i) the Revolving Loan Facility and (ii) any revolving Indebtedness of any Company under any Other Loan Agreement.

Revolving Indebtedness means, collectively, all obligations of the Borrower to the Revolving Lenders and the Revolving Administrative Agent under the Revolving Credit Facility and the other Revolving Loan Documents, including in each case in respect of the principal of and interest on the loans made thereunder, and all fees, indemnification payments and other amounts whatsoever, whether direct or indirect, absolute or contingent, now or hereafter from time to time owing to the Revolving Administrative Agent or the Revolving Lenders or any of them under or in respect of the other Revolving Loan Documents, and including all interest and expenses accrued or incurred subsequent to the commencement of any bankruptcy or insolvency proceeding with respect to the Borrower, whether or not such interest or expenses are allowed as a claim in such proceeding.

Revolving Indebtedness means, as of any Business Day, (i) the aggregate amount of Indebtedness under Operating Company’s revolving line of credit with Bank of America (Account number: Five Star Group, Client ID 130FSG, Loan ID FSG 01), minus (ii) Cash, plus (iii), the aggregate amount of any checks written by Operating Company which have not cleared Operating Company’s bank account as of such Business Day. The calculation of Revolving Indebtedness for purposes of any adjustments to the Purchase Price shall also be determined in accordance with Section 2.2(a), including with respect to the exclusions and applications mandated therein.

Revolving Indebtedness means indebtedness incurred in the Ordinary Course of Business in respect of the Companies’ revolving credit facilities with Transportation Alliance Bank, Inc. and ▇▇▇▇▇ Fargo Bank.

Revolving Indebtedness means Indebtedness in favor of other Lenders, subject to a formula-based, borrowing base calculation comprised of cash, accounts receivable and Inventory, including but not limited to the BHO Indebtedness, not to exceed the aggregate principal amount of (i) Twenty Million Dollars ($20,000,000) prior to June 30, 2022 and (ii) Forty Million Dollars ($40,000,000) after June 30, 2022, if Parent has achieved Market Cap Threshold 1 during the 30-day period preceding any such increase and such Market Cap Threshold 1 continues to be satisfied at all times thereafter; provided, however, that, (x) from and after April 1, 2022 such Revolving Indebtedness may equal an aggregate principal amount of Twenty-Five Million Dollars ($25,000,000), if Parent has achieved Market Cap Threshold 2 during the 30-day period preceding any such increase and such Market Cap Threshold 2 continues to be satisfied at all times thereafter (but this clause (x) shall not limit the Indebtedness otherwise allowed by clause (ii) to the extent the conditions of clause (ii) are satisfied); and (y) subject to the preceding limitations (in clauses (i), (ii) and (x), above), Parent shall have the ability to establish New Revolvers.

Revolving Indebtedness means Indebtedness of the Borrower under the Revolving Loan Credit Agreement and all guarantees thereof by any Subsidiary Guarantor and all refinancings, renewals and extensions thereof that are permitted by Section 6.01(l).