Revolving Line Limit definition

Revolving Line Limit means Six Million and No/100 Dollars ($6,000,000.00), except as provided in Section 2.6.
Sample 1Sample 2
Revolving Line Limit means Five Million Dollars ($5,000,000).
Sample 1Sample 2
Revolving Line Limit means $1,675,000.
Sample 1

Examples of Revolving Line Limit in a sentence

  • For the purposes of this Section, “Unused Revolving Loan Amount” means the Revolving Line Limit reduced by the aggregate sum of all outstanding advances made by Bank to Borrower under the Revolving Line.

  • Subject to and upon the terms and conditions of this Agreement Borrower may request Advances in an aggregate outstanding amount not to exceed the lesser of (A) the Revolving Line Limit or (B) the Borrowing Base.

  • In the event the unpaid principal amount of the outstanding balance of Borrower’s Loan Account for the Revolving Loan ever exceeds the amount of the Revolving Line Limit, Borrower agrees to pay the excess amount (an “Overline”) immediately upon demand by Bank.

  • Accruing from the date hereof until the Reducing Revolving Line Expiration Date, the Borrower agrees to pay to the Bank a nonrefundable annual commitment fee (the "Commitment Fee") equal to the Applicable Reducing Revolving Commitment Fee Rate on the average daily difference during the immediately preceding fiscal quarter between the amount of (i) the applicable Reducing Revolving Line Limit and (ii) the outstanding principal amount of all Reducing Revolving Line Advances.

  • We operate on the simple principle that those who provide sustained analytical, informational, or financial support to the NRE Project are entitled to access the full range of information and expertise we have at our disposal (limited only by confidentiality agreements we might have with some partners).

  • In no event shall the aggregate unpaid principal amount of advances under this Note exceed the face amount of this Note or the Reducing Revolving Line Limit under Section 3.1.1 of the Credit Agreement.

  • Confronted with this new way of thinking, manufacturers are finding they must reinvent their day- to-day process validation activities.

  • The Obligation of the Borrower to repay the aggregate unpaid principal amount of the Revolving Line Advances made to it by Bank, together with interest thereon, shall be evidenced by the Revolving Line Note dated the Closing Date payable to the order of such Bank in a face amount equal to the Revolving Line Limit.

  • FX Forward Contracts shall have a Settlement Date of at least one (1) FX Business Day after the contract date and shall be subject to a reserve of ten percent (10%) of each outstanding FX Forward Contract in a maximum aggregate amount equal to the Revolving Line Limit (the “FX Reserve”).

  • The Obligation of the Borrower to repay the aggregate unpaid principal amount of the Reducing Revolving Line Advances made to it by Bank, together with interest thereon, shall be evidenced by the Reducing Revolving Line Note dated the Closing Date payable to the order of such Bank in a face amount equal to the Reducing Revolving Line Limit on the date of this Agreement.


More Definitions of Revolving Line Limit

Revolving Line Limit means Twelve Million Dollars ($12,000,000).
Sample 1
Revolving Line Limit means Twelve Million Dollars ($12,000,000). “Revolving Maturity Date” means March 11, 2024.
Sample 1
Revolving Line Limit means One Million Dollars ($1,000,000).
Sample 1
Revolving Line Limit is at any time (i) $20,000,000, if an Adjustment Period is not in effect, and (ii) the sum of (A) $20,000,000, and (B) the Term Loan Amount outstanding at such time, if an Adjustment Period is in effect. “Revolving Line Maturity Date” is August , 2008.
Sample 1

Related to Revolving Line Limit

  • Swing Line Loan Commitment means the commitment of Swing Line Lender to make Swing Line Loans to Company pursuant to subsection 2.1A(iii).

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.

  • Swing Line Loan Commitment Amount means, on any date, $5,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Refunded Swing Line Loans has the meaning assigned to that term in subsection 2.1A(iii).

  • Swing Line Loans as defined in Section 2.6.

  • Swing Line Outstandings means, as of any date of determination, the aggregate principal amount of all Swing Line Loans then outstanding.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Refunded Swing Line Loan has the meaning ascribed to it in Section 1.1(c)(iii).

  • Swing Line Availability has the meaning ascribed to it in Section 1.1(c)(i).

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Swing Line Exposure means, at any time, the aggregate principal amount of all Swing Line Loans outstanding at such time. The Swing Line Exposure of any Lender at any time shall be its Applicable Percentage of the total Swing Line Exposure at such time.

  • Revolving Loan Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Swing Line Facility means the revolving credit facility made available by the Swing Line Lender pursuant to Section 2.04.

  • Swing Line Rate means an interest rate per annum offered by the Swing Line Lender with respect to the Swing Line Loans, as determined in its sole discretion, but in any event not in excess of the rate applicable to Base Rate Loans at the time of determination.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Revolving L/C Exposure of any Class shall mean at any time the sum of (a) the aggregate undrawn amount of all Letters of Credit applicable to such Class outstanding at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof) and (b) the aggregate principal amount of all L/C Disbursements applicable to such Class that have not yet been reimbursed at such time (calculated, in the case of Alternate Currency Letters of Credit, based on the Dollar Equivalent thereof). The Revolving L/C Exposure of any Class of any Revolving Facility Lender at any time shall mean its applicable Revolving Facility Percentage of the aggregate Revolving L/C Exposure applicable to such Class at such time. For all purposes of this Agreement, if on any date of determination a Letter of Credit has expired by its terms but any amount may still be drawn thereunder by reason of the operation of Rule 3.14 of the International Standby Practices, International Chamber of Commerce No. 590, such Letter of Credit shall be deemed to be “outstanding” in the amount so remaining available to be drawn. Unless otherwise specified herein, the amount of a Letter of Credit at any time shall be deemed to be the stated amount of such Letter of Credit in effect at such time; provided, that with respect to any Letter of Credit that, by its terms or the terms of any document related thereto, provides for one or more automatic increases in the stated amount thereof, the amount of such Letter of Credit shall be deemed to be the maximum stated amount of such Letter of Credit after giving effect to all such increases, whether or not such maximum stated amount is in effect at such time.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Credit Limit has the meaning set forth in the Schedule.

  • Revolving Credit Availability Period means the period from and including the Effective Date to but excluding the earlier of the Revolving Credit Commitment Termination Date and the date of termination of the Revolving Credit Commitments.

  • Swing Line Lenders means each of the Lenders that has a Swing Line Commitment on Schedule 2.1 hereto, or any successor swing line lender hereunder.

  • Revolving Multicurrency Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Multicurrency Commitments.

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time.

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Swing Line Advance means an advance made by (a) the Swing Line Bank pursuant to Section 2.01(c) or (b) any Lender pursuant to Section 2.02(b).