REVOLVING LINE OF definition

REVOLVING LINE OF. CREDIT shall mean the aggregate commitment of the Lenders to make loans and advances pursuant to Section 3 of this Financing Agreement to the Companies, and issue Letters of Credit Guaranties pursuant to Section 14 hereof to the Companies, in the aggregate amount of up to $60,000,000 including the amount of the Term Loan. REVOLVING LOAN ACCOUNT(S) shall mean the accounts on the Agent's books, in each Company's name in which each Company will be charged with all applicable Obligations under this Financing Agreement.
Sample 1
REVOLVING LINE OF. Credit shall mean the commitment of CIT to make Revolving Credit Loans pursuant to Section 3.1 of this Agreement, up to an aggregate amount not to exceed $10,000,000 at any time.
Sample 1Sample 2
REVOLVING LINE OF. CREDIT shall mean the aggregate commitment of the Lenders to make loans and advances pursuant to Section 3 of this Financing Agreement and issue Letters of Credit Guaranties pursuant to Section 5 hereof to the Companies, in the aggregate amount of $90,000,000. REVOLVING LOANS shall mean the loans and advances made, from time to time, to or for the account of the Companies, or any of them, by the Agent on behalf of the Lenders pursuant to Section 3 of this Financing Agreement.
Sample 1

Examples of REVOLVING LINE OF in a sentence

  • THIS GUARANTY COVERS A REVOLVING LINE OF CREDIT AND IT IS SPECIFICALLY ANTICIPATED THAT FLUCTUATIONS WILL OCCUR IN THE AGGREGATE AMOUNT OF INDEBTEDNESS OWING FROM BORROWER TO LENDER.

  • BORROWER ACKNOWLEDGES AND AGREES THAT THE BANK HAS NO OBLIGATION OR COMMITMENT TO RENEW THE REVOLVING LINE OF CREDIT LOAN ON ANY REVIEW DATE.

  • THIS GUARANTY COVERS A REVOLVING LINE OF CREDIT AND GUARANTOR UNDERSTANDS AND AGREES THAT THIS GUARANTEE SHALL BE OPEN AND CONTINUOUS UNTIL THE LINE OF CREDIT IS TERMINATED AND THE INDEBTEDNESS IS PAID IN FULL, AS PROVIDED BELOW.

  • IF THE REVOLVING LINE OF CREDIT LOAN IS NOT RENEWED BY THE BANK AS AFORESAID ON ANY REVIEW DATE, THE ENTIRE AMOUNT OF OUTSTANDING PRINCIPAL, ACCRUED INTEREST AND OTHER CHARGES PAYABLE THEREUNDER SHALL BE DUE AND PAYABLE BY BORROWER ON SUCH REVIEW DATE.

  • BORROWER ACKNOWLEDGES AND AGREES THAT THE BANK HAS NO OBLIGATION OR COMMITMENT TO RENEW THE REVOLVING LINE OF CREDIT LOAN ON THE REVOLVER EXPIRATION DATE.

  • THE ENTIRE AMOUNT OF OUTSTANDING PRINCIPAL, ACCRUED INTEREST AND OTHER CHARGES PAYABLE UNDER THE REVOLVING LINE OF CREDIT LOAN SHALL BE DUE AND PAYABLE BY BORROWER ON THE REVOLVER EXPIRATION DATE.

  • THIS REVOLVING LINE OF CREDIT NOTE SHALL BE GOVERNED AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, INCLUDING, BUT NOT LIMITED TO, SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW.

  • Subject to the terms and conditions of this Agreement and provided Obligor timely and completely performs all obligations in favor of Xxxxxxx contained in this Agreement and in any other agreement, whether now existing or hereafter arising, Xxxxxxx will make a REVOLVING LINE OF CREDIT LOAN to Borrower in the total aggregate principal amount of up to TWO MILLION AND 00/100 ($2,000,000.00) Dollars (the “Loan”), which loan shall be evidenced by and payable according to Xxxxxxx’x form of promissory note.

  • RENEWAL OF ORIGINAL REVOLVING LINE OF CREDIT PROMISSORY NOTE DATED MARCH 8, 2001 LOAN #29962.

  • NOTICE TO GUARANTOR: THE NOTE EVIDENCES A REVOLVING LINE OF CREDIT FROM LENDER TO BORROWER.


More Definitions of REVOLVING LINE OF

REVOLVING LINE OF. Credit shall mean the commitment of the Lender to make loans and advances pursuant to Section 4 of this Financing Agreement and issue Letters of Credit Guaranties pursuant to Section 5 hereof to the Companies, in an aggregate amount not to exceed the Revolving Credit Limit.
Sample 1
REVOLVING LINE OF. CREDIT shall mean the aggregate Commitments of the Lenders to make Revolving Loans pursuant to Article III, and to purchase participation interests in Letters of Credit Guaranties pursuant to Article V, in the combined amount of $45,000,000.
Sample 1
REVOLVING LINE OF. CREDIT shall mean the commitment of CIT to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $22,000,000. REVOLVING LINE OF CREDIT FEE shall mean, for any month, the product obtained by multiplying (a) (i) the amount of the Revolving Line of Credit minus (ii) the average daily principal balance of Revolving Loans and the average daily undrawn amount of Letters of Credit outstanding during such month, times (b) fifteen hundredths percent (0.15%) per annum for the number of days in said month.
Sample 1
REVOLVING LINE OF. CREDIT shall mean the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to the following amounts during the following periods: <TABLE> Period REVOLVING LINE OF CREDIT ------------------------ Closing Date through and including July 31, 2005 $140,000,000 August 1, 2005 through and including August 31, 2005 $165,000,000 September 1, 2005 through and including September 30, 2005 $165,000,000 October 1, 2005 through and including October 31, 2005 $165,000,000 November 1, 2005 through and including November 30, 2005 $165,000,000 December 1, 2005 through and including December 31, 2005 $105,000,000 January 1, 2006 through and including January 31, 2006 $70,000,000 February 1, 2006 through and including February 28, 2006 $45,000,000 March 1, 2006 through and including March 31, 2006 $45,000,000 April 1, 2006 through and including April 30, 2006 $45,000,000 May 1, 2006 through and including the day immediately preceding the first anniversary of the Closing Date $65,000,000 </TABLE> With respect to the period subsequent to April 30, 2006, the Revolving Line of Credit shall be determined for all subsequent periods through the Termination Date by Agent, each of the Lenders and the Companies based upon the projections and unaudited (or, if available, audited) financial statements of Parent and its consolidated Subsidiaries for the fiscal years ending January 31, 2006, 2007 and 2008, respectively (in each case delivered pursuant to Section 7.2(h)), but in no event shall the periods be of different durations or the amounts be less than the amounts for the periods corresponding to the periods set forth above unless the Agent determines (in its reasonable discretion) that such periods and amounts warrant adjustment based upon such projections or unaudited (or, if available, audited) financial statements or other information as Agent shall reasonably determine. The determination of the Revolving Line of Credit shall become effective after receipt and satisfactory review by the Agent of the unaudited (or, if available, audited) financial statements for the fiscal years ending January 31, 2006, 2007 and 2008, respectively.
Sample 1
REVOLVING LINE OF. CREDIT shall mean the commitment of Lender to make Revolving Loans to Borrower pursuant to Section 3 of this Agreement and assist Borrower in opening Letters of Credit pursuant to Section 5 of this Agreement, in an aggregate amount equal to the lesser of (a) $2,000,000 and (b) the Borrowing Base. REVOLVING LOAN ACCOUNT shall have the meaning provided for in Section 3.6 of this Agreement.
Sample 1
REVOLVING LINE OF. CREDIT shall mean the commitments of the Lenders to make Revolving Loans and assist in the issuance of Letters of Credit in an aggregate amount equal to the lesser of (a) $30,000,000 and (b) the Borrowing Base.
Sample 1

Related to REVOLVING LINE OF

  • Revolving Line of Credit means the Commitments of the Lenders to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Companies in opening Letters of Credit, Bankers Acceptances, Steamship Guarantees and Airway Releases pursuant to Section 5 of this Financing Agreement, in an aggregate amount equal to $250,000,000.

  • Revolving Line is an Advance or Advances in an amount equal to Ten Million Dollars ($10,000,000).

  • Committed Revolving Line means a credit extension of up to Two Million Dollars ($2,000,000).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit D-2 hereto, evidencing the aggregate Indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender to the Borrower.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

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

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Total Utilization of Revolving Loan Commitments means, as at any date of determination, the sum of (i) the aggregate principal amount of all outstanding Revolving Loans (other than Revolving Loans made for the purpose of repaying any Refunded Swing Line Loans or reimbursing the applicable Issuing Lender for any amount drawn under any Letter of Credit but not yet so applied) plus (ii) the aggregate principal amount of all outstanding Swing Line Loans plus (iii) the Letter of Credit Usage.

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • 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.

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

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

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

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Adjusted Total Revolving Credit Commitment means at any time the Total Revolving Credit Commitment less the aggregate Revolving Credit Commitments of all Defaulting Lenders.