Revolving Line of Credit definition

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 of Credit has the meaning ascribed to such term in Section 2.1(a)(i).

Revolving Line of Credit means the commitment of CIT to make Revolving Loans pursuant to Section 3 of this Financing Agreement and assist the Company in opening Letters of Credit pursuant to Section 5 of this Financing, in an aggregate amount equal to $30,000,000.

Examples of Revolving Line of Credit in a sentence

• On February 22, 2021, we made a new $70.5 million Senior Secured Term Loan investment and a $5.0 million Revolving Line of Credit commitment to Interventional Management Services, LLC.

• Debt issuance cost represents costs associated with the issuance of Term Loan and Revolving Line of Credit facilities.

• Such requests for loans and advances shall be in amounts not to exceed the lesser of (a) the Availability or (b) the Revolving Line of Credit.

• Principal and interest on the Revolving Line of Credit Promissory Note shall be payable in the manner and on the dates specified therein.

• On the Revolving Line of Credit Loan Maturity Date, the amount of the then unpaid principal balance of the Revolving Line of Credit Loan and any and all other amounts due and owing hereunder or under any other Loan Document relating to the Revolving Line of Credit Loan will be due and payable.

More Definitions of Revolving Line of Credit

Revolving Line of Credit means the aggregate revolving line of credit extended pursuant to this Credit Agreement by the Revolving Lenders to the Borrowers for Revolving Loans and Letters of Credit, in an aggregate principal amount at any time of up to $125,000,000 less, on and after the Bulk Sale Transaction closing date, the Net Cash Disposition Proceeds received from the Bulk Sale Transaction, as such amount may be reduced from time to time pursuant to the terms and provisions hereof.

Revolving Line of Credit means the aggregate commitment of CIT to make loans and advances pursuant to Section 3 of this Financing Agreement, in the maximum aggregate amount equal to the sum of $12,500,000.00, as the same may from time to time be reduced by mutual written agreement of the Company and CIT.

Revolving Line of Credit means the revolving line of credit established by the Lenders under SECTION 3.1(a) hereof.

Revolving Line of Credit means the revolving line of credit made available by Bank to Borrower pursuant to Section 2.1 hereof.

Revolving Line of Credit means the revolving line of credit described in Section 2.1 hereof and all renewals, extensions, modifications, amendments, restatements and substitutions thereof or therefor.

Revolving Line of Credit means an open end revolving loan that is established pursuant to a written agreement between a borrower and a lender in which the lender agrees to lend the borrower money on a continuing basis for as long as the outstanding principal amount owed by the borrower does not exceed a specified amount.

Revolving Line of Credit means a type of credit where loan advances are made for eligible purposes and where repaid principal deposited back into the sub-fund can be re-borrowed.