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 Aggregate Revolving Loan Commitments and (b) the 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
The aggregate balance of Revolving Advances (including, without limitation, Swing Loans) outstanding at any time shall not exceed the Revolving Loan Cap.
Cause to be maintained at all times Undrawn Availability of not less than the greater of (x) ten percent (10.0%) of the Revolving Loan Cap and (y) the sum of $1,875,000 plus ten percent (10.0%) of any increase to the Maximum Revolving Advance Amount pursuant to Section 2.24.
Notwithstanding anything to the contrary contained in the foregoing or otherwise in this Agreement, the outstanding aggregate principal amount of Revolving Advances (including, without limitation, Swing Loans) at any one time outstanding shall not exceed the Revolving Loan Cap.
More Definitions of Revolving Loan Cap
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 has the meaning specified in the Revolving Credit Agreement.
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 the stated principal amount of the Revolving Credit Note.
Revolving Loan Cap means, at any time of determination, the lesser of (a) the Revolving Commitment and (b) the Revolving Borrowing Base. “Revolving Note” means a promissory note made by the Borrowers in favor of the Lender evidencing the Revolving Loans made by the Lender, substantially in the form of Exhibit B-1. “Sanctioned Entity” means (a) a country or a government of a country, (b) an agency of the government of a country, (c) an organization directly or indirectly controlled by a country or its government, or (d) a Person resident in or determined to be resident in a country, in each case of clauses (a) through (d) that is a target of Sanctions, including a target of any country sanctions program administered and enforced by OFAC. “Sanctioned Person” means, at any time (a) any Person named on the list of Specially Designated Nationals and Blocked Persons maintained by OFAC (“SDN”), OFAC’s consolidated Non-SDN list or any other Sanctions-related list maintained by any Governmental Authority, (b) a Person or legal entity that is a target of Sanctions, (c) any Person operating, organized or resident in a Sanctioned Entity, or (d) any Person directly or indirectly owned or controlled (individually or in the aggregate) by or acting on behalf of any such Person or Persons described in clauses (a) through (c) above. “Sanctions” means individually and collectively, respectively, any and all economic sanctions, trade sanctions, financial sanctions, sectoral sanctions, secondary sanctions, trade embargoes anti- terrorism laws and other sanctions laws, regulations or embargoes, including those imposed, administered or enforced from time to time by: (a) the United States of America, including those administered by OFAC, the U.S. Department of State, the U.S. Department of Commerce, or through any existing or future executive order, (b) the United Nations Security Council, or (c) any other Governmental Authority with jurisdiction over any Credit Party or any Loan Party or any of their respective Subsidiaries or Affiliates. “S&P” means Standard & Poor’s Ratings Services, a division of The ▇▇▇▇▇▇-▇▇▇▇ Companies, Inc. and any successor thereto. “▇▇▇▇▇▇▇▇-▇▇▇▇▇” means the ▇▇▇▇▇▇▇▇-▇▇▇▇▇ Act of 2002. “SEC” means the Securities and Exchange Commission, or any Governmental Authority succeeding to any of its principal functions. “Second Amendment” means that certain Second Amendment to Second Amended and Restated Credit Agreement entered into by and among the Borrowers, the Lender and the ...
Revolving Loan Cap has the meaning given to such term in the ABL Credit Agreement as in effect on the Effective Date.
Revolving Loan Cap means, at any time of determination, the “Loan Cap” under and as defined in the Revolving Credit Agreement, as in effect on the date hereof.