Revolving Loan Cap definition

Revolving Loan Cap means, at any time of determination, the lesser of (a) the Aggregate Revolving Commitments or (b) the Borrowing Base.

Revolving Loan Cap means, at any time of determination, the lesser of (a) the Domestic Revolving Commitments or (b) the Domestic Revolving Borrowing Base.

Revolving Loan Cap means, at any time of determination, the lesser of (a) the aggregate Revolving Commitments or (b) (x) the then applicable LTV Percentage of the Realizable Orderly Liquidation Value of registered Trademarks of the Loan Parties, minus (y) the sum of (A) $100,000,000 plus (B) any additional amounts advanced as a Term Loan pursuant to Sections 2.14 or 6.17 hereof.

Examples of Revolving Loan Cap in a sentence

• Such request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Revolving Loan Cap and the conditions set forth in Section 4.02.

• Such request shall be made in writing (which written request shall be deemed to be a Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Revolving Loans, but subject to the unutilized portion of the Revolving Loan Cap and the conditions set forth in Section 4.02.

• Permit Availability at any time to be less than the greater of (a) $7.5 million and (b) 7.5% of the Modified Revolving Loan Cap.

• Such request shall be made in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Loans, but subject to the unutilized portion of the Revolving Loan Cap and the conditions set forth in Section 4.02.

• In such event, the Borrowers shall be deemed to have requested a Committed Revolving Loan Borrowing of Base Rate Loans to be disbursed on the Honor Date in an amount equal to the Unreimbursed Amount, without regard to the minimum and multiples specified in Section 2.02 for the principal amount of Base Rate Loans, but subject to the amount of the unutilized portion of the Revolving Loan Cap and the conditions set forth in Section 4.02 (other than the delivery of a Committed Loan Notice).

More Definitions of Revolving Loan Cap

Revolving Loan Cap means, at any time of determination, an amount equal the lesser of (a) the aggregate amount of all Revolving Commitments at such time and (b) the Revolving Borrowing Base at such time.

Revolving Loan Cap means, at any time of determination, the lesser of (a) the aggregate Revolving Commitments or (b) (x) the LTV Percentage of the Realizable Orderly Liquidation Value of the Loan Parties, minus (y) the sum of (A) $150,000,000 plus (B) any additional amounts advanced as an additional Tranche A Term Loan pursuant to Sections 2.14 or 6.17 hereof.

Revolving Loan Cap means, at any time of determination, the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula Amount.

Revolving Loan Cap means the stated principal amount of the Revolving Credit Note.

Revolving Loan Cap has the meaning specified in the Revolving Credit Agreement.

Revolving Loan Cap means, at any time of determination, the lesser of (a) the Maximum Revolving Advance Amount or (b) the Formula

Revolving Loan Cap means, at any time, the lesser of (a) the Revolving Borrowing Base at such time and (b) the Aggregate Revolving Credit Commitments at such time. “S&P” means Standard & Poor’s Rating Services and any successor thereto. “Same Day Funds” means (a) with respect to disbursements and payments in Dollars, immediately available funds, and (b) with respect to disbursements and payments in an Alternative Currency, same day or other funds as may be determined by the Administrative Agent or the applicable Issuer, as the case may be, to be customary in the place of disbursement or payment for the settlement of international banking transactions in the relevant Alternative Currency. “Sanctions” means any sanction administered or enforced by the United States Government (including without limitation, OFAC), the United Nations Security Council, the - 84 -