Examples of Revolving Loan Ceiling in a sentence
The Line (Unused) Fee shall be equal to the Line Fee Percentage of the average difference, during the quarter just ended (or relevant period with respect to the payment being made on the Termination Date) between the Revolving Loan Ceiling and the unpaid principal balance of the Loan Account.
If the Borrower fails to so reimburse the Lender by such time, the Borrower shall be deemed to have requested a Revolving Credit Advance to be disbursed on the Honor Date in an amount equal to the amount of the unreimbursed drawing (the “Unreimbursed Amount”) subject to the Revolving Loan Ceiling and the conditions set forth in Section 3.3 of the Credit Agreement.
Within the limit of the Revolving Loan Ceiling, upon request by the Borrower for Advances, which include funds advanced under the Target Balance Agreement (which will be in multiples of One Thousand Dollars ($1,000.00) or the unadvanced balance of the maximum amount of the then-existing Revolving Loan Ceiling, whichever is less), the Lender will enter such Advances when made to the Borrower as debits in the Borrower's Loan Account.
Without limitation of any of Borrowers’ other obligations hereunder, Borrower shall immediately repay any outstanding Obligations if the aggregate amount of the Obligations exceeds the Revolving Loan Ceiling after any Reset Date.
Notwithstanding the foregoing, no Swingline Loans shall be made pursuant to this subsection (b) if the aggregate outstanding amount of the Revolving Credit and Swingline Loans would exceed $50,000,000 or any lesser amount to which the Revolving Loan Ceiling has then been reduced.