Revolving Loan Ceiling definition

Revolving Loan Ceiling means $10,000,000.
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Revolving Loan Ceiling means Fifty Million Dollars ($50,000,000.00).
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Revolving Loan Ceiling means the amount equal to One Hundred Million Dollars ($100,000,000).
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Examples of Revolving Loan Ceiling in a sentence

  • Over the past eight quarters, the Company has maintained a focus on progressively reducing costs and preserving capital.

  • Borrowers shall execute and deliver to Lender one or more notes in the aggregate principal amount of the Revolving Loan Ceiling substantially in the form of Exhibit 2.1(i) (collectively, the “Notes”).

  • 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.

  • The aggregate amount outstanding of Revolving Credit Advances and Letter of Credit Obligations shall not exceed at any one time the Revolving Loan Ceiling.

  • 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.


More Definitions of Revolving Loan Ceiling

Revolving Loan Ceiling set forth in Section 1.50 of the Loan Agreement is hereby deleted in its entirety and the following definition is substituted in lieu thereof:
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Revolving Loan Ceiling means the amount of $60,000,000.00.
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Revolving Loan Ceiling means Twenty Million Dollars ($20,000,000.00).
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Revolving Loan Ceiling means an amount equal to the LESSER of the Borrowing Base subject to the Borrowing Base Formula or: (i) Two Million Dollars ($2,000,000.00) from the date hereof through December 31, 1996, (ii) One Million Eight Hundred Fifty Thousand Dollars ($1,850,000.00) from January 1,1997 through June 30,1997, (iii) One Million Seven Hundred Thousand Dollars ($1,700,000.00) from July 1,1997 through December 31, 1997, (iv) One Million Five Hundred Fifty Thousand Dollars ($1,550,000.00) from January 1,1998 through June 30,1998, (v) One Million Four Hundred Thousand Dollars ($1,400,000.00) from July 1,1998 through December 31, 1998, (vi) One Million Two Hundred Fifty Thousand Dollars ($1,250,000.00) from January 1,1999 through June 30,1999, and (vii) One Million One Hundred Thousand Dollars ($1,100,000.00) from July 1,1999 through December 31, 1999.
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Revolving Loan Ceiling contained in Section 1.1 is hereby deleted in its entirety, and the following inserted in its place:
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Revolving Loan Ceiling means $13,750,000.00.
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Revolving Loan Ceiling means the following amounts during the following time periods: ------------------------------------------- ------------------------------------ Time Period Revolving Loan Ceiling ------------------------------------------- ------------------------------------ July 1, 2002 through September 22, 2002 $62,000,000 ------------------------------------------- ------------------------------------ September 23, 2002 through October 17, 2002 $59,000,000 ------------------------------------------- ------------------------------------ October 18, 2002 through November 14, 2002 $57,000,000 ------------------------------------------- ------------------------------------ November 15, 2002 through December 19, 2002 $55,000,000 ------------------------------------------- ------------------------------------ December 20, 2002 and thereafter $52,000,000" ------------------------------------------- ------------------------------------
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