Revolving Loan A definition

Revolving Loan A means the total Revolving Loans A made pursuant to (and as defined in) the Credit Agreement, made by or on behalf of certain lenders for the ratable accounts of such lenders, pursuant to the Credit Agreement.
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Revolving Loan A means all loans made pursuant to Section 2.1 and any amounts added to the principal balance of Revolving Loan A pursuant to this Agreement.
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Revolving Loan A means the Revolving Loan in the amount of the Revolving Loan A Commitment. “Revolving Loan B” shall mean the Revolving Loan in the amount of the Revolving Loan B Commitment. “Revolving Loan A Commitment” shall mean Twenty Million and 00/100 Dollars ($20,000,000.00). “Revolving Loan B Commitment” shall mean Fifteen Million and 00/100 Dollars ($15,000,000.00).
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Examples of Revolving Loan A in a sentence

  • Borrower shall pay accrued interest on the unpaid principal amount of each Revolving Loan (A) in the case of a Revolving Prime Rate Loan, on the last Business Day in each month, (B) in the case of a Revolving LIBOR Loan, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months); and (C) in the case of all Revolving Loans, upon prepayment (to the extent thereof) and at maturity.

  • The Revolving Loan A Commitment shall terminate on the Revolving Loan A Maturity Date and the Revolving Loan B Commitment shall terminate on the Revolving Loan B Maturity Date.

  • The Revolving Loans shall be evidenced at all times by Revolving Notes executed and delivered by the Borrower, payable to the order of the Bank in a principal amount equal to the dollar amount of the Revolving Loan A Commitment and the Revolving Loan B Commitment as in effect at the execution and delivery of the Notes and being in the form prepared by and acceptable to the Bank (as amended, restated, supplemented or otherwise modified from time to time, the “Revolving Notes”).

  • The Revolving Loan A Commitment is Twenty Million and 00/100 Dollars ($20,000,000.00) and the Revolving Loan B Commitment is Fifteen Million and 00/100 Dollars ($15,000,000.00).

  • A Revolving Credit Loan tied to the LIBOR Interest Rate is called a "LIBOR Revolving Loan," and a Revolving Credit Loan tied to the Prime Rate is called a "Prime Revolving Loan." A Revolving Credit Loan will be a Prime Revolving Loan any time it is not a LIBOR Revolving Loan.

  • Borrower shall pay accrued interest in arrears on the unpaid principal amount of each Revolving Loan (A) no later than the fifteenth day in each calendar month for the preceding calendar month, and (B) at Maturity.

  • The Borrower shall pay the Un-Used Fee A on the unused portion of the Revolving Loan A Commitment as per the Applicable Margin in accordance with Section 2.4 hereof.

  • The proceeds of the Revolving Loan A and Revolving Loan B shall be used for working capital and general corporate purposes.

  • In lieu of having interest charged at the rate determined by reference to the Base Rate, Borrower shall have the option (the "LIBOR Option") to have interest on all or a portion of the Revolving Loan A Advances be charged at a rate of interest based upon the LIBOR Rate.

  • Thereafter, the amount of each advance under this Agreement shall be allocated 100% to Revolving Loan A.


More Definitions of Revolving Loan A

Revolving Loan A means the Revolving Loan in the amount of the Revolving Loan A Commitment.
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Revolving Loan A means that certain $21,000,000 maximum amount of revolving loans made by the Revolving Loan A Lenders in favor of the Revolving Loan A Borrowers pursuant to the Revolving Loan A Documentation.
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Related to Revolving Loan A

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • 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.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Revolving Loans as defined in Section 2.4(a).

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

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.

  • Revolving Loan Agreement means that certain Amended and Restated Loan and Security Agreement dated as of the date hereof by and among the Borrower, the lenders from time to time party thereto and the Revolving Loan Administrative Agent.

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

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

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Revolving Credit Loans as defined in Section 2.1.

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

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Term Loan Advances are each defined in Section 2.1.1(a).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

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

  • 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).

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).