Revolving Loan Limit definition

Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.
Revolving Loan Limit shall have the meaning specified in subsection 2(a) hereof.
Revolving Loan Limit means, as to each Borrower, at any time, the amount equal to the $23,500,000 minus the then outstanding principal amount of the Revolving Loans and Letter of Credit Accommodations provided to the other Borrower.

Examples of Revolving Loan Limit in a sentence

  • On the terms and subject to the conditions set forth herein, each Lender severally agrees to make loans to Borrowers from time to time as set forth herein (each a “Revolving Loan”, and collectively, “Revolving Loans”) equal to such Lender’s Revolving Loan Commitment Percentage of Revolving Loans requested by Borrowers hereunder, provided, however, that after giving effect thereto, the Revolving Loan Outstandings shall not exceed the Revolving Loan Limit.

  • The aggregate unpaid principal balance of the Revolving Loans shall not at any time exceed the lesser of the (i) Revolving Loan Limit minus the Letter of Credit Obligations and (ii) the Maximum Revolving Loan Limit minus the Letter of Credit Obligations.

  • Attached is a Borrowing Base Certificate complying in all respects with the Credit Agreement and confirming that, after giving effect to the requested advance, the Revolving Loan Outstandings will not exceed the Revolving Loan Limit.

  • On the terms and subject to the conditions set forth herein, each Lender severally agrees to make loans to Borrowers from time to time as set forth herein (each a “Revolving Loan”, and collectively, “Revolving Loans”) equal to such Xxxxxx’s Revolving Loan Commitment Percentage of Revolving Loans requested by Borrowers hereunder, provided, however, that after giving effect thereto, the Revolving Loan Outstandings shall not exceed the Revolving Loan Limit.

  • On the terms and subject to the conditions set forth herein, each Lender severally agrees to make Loans to Borrowers from time to time as set forth herein (each a “Revolving Loan”, and collectively, “Revolving Loans”) equal to such Lender’s Revolving Loan Commitment Percentage of Revolving Loans requested by Borrowers hereunder, provided, however, that after giving effect thereto, the Revolving Loan Outstandings shall not exceed the Revolving Loan Limit.


More Definitions of Revolving Loan Limit

Revolving Loan Limit means $35,000,000.
Revolving Loan Limit means, at any time, the amount equal to (a) the Maximum Credit minus (b) the then outstanding aggregate principal amount of the Equipment Purchase Loans.
Revolving Loan Limit shall have the meaning specified in SUBSECTION 2(a) hereof.
Revolving Loan Limit means $20,000,000.
Revolving Loan Limit means $37,500,000, as such amount may be decreased by the amount of reductions in the Revolving Loan Commitment Amount made in accordance with Section 2.01(d) of this Agreement."
Revolving Loan Limit in Section 1.1 of the Existing Credit Agreement is amended to read as follows:
Revolving Loan Limit means, at any time, the amount equal to the Maximum Credit minus the then outstanding principal amount of the Term Loan.