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.

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.

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.

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).

• The amounts paid prior to the Carve-Out Trigger Notice shall not reduce the Post- Default Carve-Out Cap and shall not be paid from any ABL Priority Collateral or proceeds therefrom until all Revolving Indebtedness up to the Revolving Indebtedness Cap shall have been Indefeasibly Paid.

• All funds transferred from Borrowers' operating accounts shall, upon application to Borrowers' Revolving Indebtedness to Bank, reduce the balance of the Revolving Loans.

• The DIP Superpriority Claims granted hereunder to the Roll Up DIP Secured Parties shall be immediately junior in priority and subject to the DIP Superpriority Claims of the other DIP Secured Parties.For the avoidance of doubt, no DIP Superpriority Claim shall be paid from any of the ABL Priority Collateral or any proceeds therefrom until all Revolving Indebtedness up to the Revolving Indebtedness Cap shall have been Indefeasibly Paid.(n) Priority of DIP Liens and DIP Superpriority Claims.

More Definitions of Revolving Indebtedness

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 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, 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 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).

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, collectively, the Debt incurred by the Parent pursuant to the terms of the Revolving Credit Agreement and subject to the terms of the Intercreditor Agreement, provided that, at all times, the total Debt incurred by the Parent pursuant to the terms of the Revolving Credit Agreement shall not exceed $150,000,000.

Revolving Indebtedness means Indebtedness owing to Revolving Lender pursuant to (i) a formula-based revolving loan facility with a borrowing base comprised of eligible accounts receivable and/or eligible inventory and an aggregate availability, and (ii) bank services provided by Revolving Lender; provided that the amount of such Indebtedness shall not exceed the amount set forth in the Intercreditor Agreement, and the terms thereof shall not be modified except as permitted in accordance with the Intercreditor Agreement.