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, at any time, the amount equal to the Maximum Credit minus the then outstanding principal amount of the Revolving Loans and the Letters of Credit provided to 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 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.
More Definitions of Revolving Loan Limit
Revolving Loan Limit means $35,000,000.
Revolving Loan Limit means the amount equal to: (i) the Maximum Credit minus (ii) the then outstanding aggregate principal amount of the Equipment Purchase Loans.
Revolving Loan Limit as defined in Section 2A.1(b).
Revolving Loan Limit means $20,000,000.
Revolving Loan Limit means, at any time, the lesser of (i) the Borrowing Base, plus any Agent Advances and (ii) the Revolving Loan Commitment.
Revolving Loan Limit as set forth in Section 1.83 of the Loan Agreement is hereby amended and restated in its entirety to read as follows:
Revolving Loan Limit means, as to each Borrower, at any time, the amount equal to the $12,000,000 minus the then outstanding principal amount of the Revolving Loans, Term Loans and Letters of Credit provided to the other Borrowers.”