Revolving Loan Default definition

Revolving Loan Default means any “Default” as defined in the Revolving Loan Agreement.
Sample 1
Revolving Loan Default means any event, act or condition which with notice or lapse of time, or both, would constitute a Revolving Loan Event of Default.
Sample 1
Revolving Loan Default means an Event of Default as such term is defined in the Revolving Loan Agreement that is not waived or cured in accordance with the terms thereof.
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Examples of Revolving Loan Default in a sentence

  • No Revolving Loan Default or Revolving Loan Event of Default shall exist or shall result from such Borrowing or continuation or conversion.

  • Resolved that the Town Council Approve the Transfer of $50,183.81 from Tax Acquired Property Sale (G-01-639-00) to the Economic Development Revolving Loan Fund at Merrill Bank (G-04- 110-00) to reimburse the fund for an Economic Development Revolving Loan Default in the 1990’s.

  • No Revolving Loan Default or Revolving Loan Event of Default exists or would result from the incurring of any Obligations by the Company.

  • Upon and after the occurrence of an Event of Default, the Revolving Loan shall bear interest on its principal amount outstanding from time to time at a rate per annum (the "Revolving Loan Default Rate") equal to three and one-half percent (3.5%) per annum over the Bank's Prime Rate, which shall be adjusted daily when and as the Bank's Prime Rate changes.

  • As long as no Revolving Loan Event of Default or Revolving Loan Default has occurred and is continuing, the Administrative Agent shall give advance notice of any intent to visit a premises, and all such visits shall be during normal business hours and made in such a way as to interfere as little as possible with the conduct of the Company's or its Subsidiaries' businesses.

  • Notwithstanding anything otherwise provided in this Section, as long as no Revolving Loan Event of Default or Revolving Loan Default has occurred or is continuing, the Company shall not be required to reimburse the Administrative Agent or any Revolving Lender for appraisals or Collateral reviews relating to the Company or any of its Subsidiaries, more frequently than once each fiscal year.

  • On the date of each Borrowing or the issuance of each Letter of Credit, no Revolving Loan Event of Default or Revolving Loan Default shall have occurred and be continuing.

  • Upon and after the occurrence of an Event of Default, the Revolving Loan shall bear interest on its principal amount outstanding from time to time at a rate per annum (the "Revolving Loan Default Rate") equal to four percent (4%) per annum over the Bank's Prime Rate, which shall be adjusted daily when and as the Bank's Prime Rate changes.


More Definitions of Revolving Loan Default

Revolving Loan Default means any "Default" as defined in the Revolving Loan Credit Agreement.
Sample 1

Related to Revolving Loan Default

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • 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 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 Maturity Date means the earliest to occur of (i) the Maturity Date and (ii) the date on which the Revolving Loans become due and payable in accordance with Section 10.02.

  • Revolving Loan Exposure means, with respect to any Revolving Lender, as of any date of determination (a) prior to the termination of the Revolver Commitments, the amount of such Lender’s Revolver Commitment, and (b) after the termination of the Revolver Commitments, the aggregate outstanding principal amount of the Revolving Loans of such Lender.

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

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • 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 Outstandings means, at any time of calculation, (a) the then existing aggregate outstanding principal amount of Revolving Loans, and (b) when used with reference to any single Lender, the then existing outstanding principal amount of Revolving Loans advanced by such Lender.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

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

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Refinancing Revolving Lender has the meaning assigned to such term in Section 2.26(a).

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Revolving Loan Documents has the meaning specified for the term “Loan Documents” in the Revolving Credit Agreement.

  • 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.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

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

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • 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.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.