Revolving Loan Indebtedness definition
Revolving Loan Indebtedness means “Obligations” (or any such similar term) (as defined in the Revolving Loan Agreement) of the Loan Parties owing to Revolving Loan Agent, Revolving Loan Lenders and the other Secured Parties (as defined in the Revolving Loan Agreement) under the Revolving Loan Documents.
Revolving Loan Indebtedness means “Obligations” (or any such similar term) (as defined in the Revolving Loan Agreement) of the Loan Parties owing to the Revolving Loan Lender under the Revolving Loan Documents.
Revolving Loan Indebtedness means Indebtedness under the Revolving Loan Documents.
Examples of Revolving Loan Indebtedness in a sentence
Permit LTO Subsidiary to incur any Indebtedness other than (a) the Obligations, (b) the Revolving Loan Indebtedness and (c) liabilities arising in connection with the LTO Program in the ordinary course of business.
In addition, the Companies shall pay to the Lender a facility fee in an amount equal to .375% of Twelve Million Dollars ($12,000,000) minus the sum of (a) the Revolving Loan Indebtedness, plus (b) the Consignment Facility Indebtedness.
If at any time the Revolving Loan Indebtedness shall exceed the Borrowing Limit, the Companies shall immediately pay cash to the Lender to be credited to the Revolving Loan in such amount as shall be necessary to reduce the Revolving Loan Indebtedness to the Borrowing Limit.
More Definitions of Revolving Loan Indebtedness
Revolving Loan Indebtedness means (a) the outstanding principal balance of the Advances made by the Lender under the Revolving Loan; and (b) the undrawn amount of Letters of Credit issued by the Lender for the account of the Companies.
Revolving Loan Indebtedness means the “Revolving Obligations” as defined in the Intercreditor Agreement.