Revolving Loan Term definition

Revolving Loan Term means the period commencing on the Closing Date and ending on December 31, 2008.

Revolving Loan Term means the Closing Date through the close of business on July 31, 2008.”

Revolving Loan Term shall have the meaning assigned in Section 17.1(a) hereof. ---------------

Examples of Revolving Loan Term in a sentence

• For the avoidance of doubt, the provisions of this Section 2.01(e) relate to the conversion of the type of interest rate (LIBOR or Base Rate) applicable to the applicable Loans or Portions and do not permit the conversion of a Revolving Loan, Term Loan or Portion into any other kind of Loan provided hereunder.

• Within the limits of the Revolving Loan Borrowing Base and the Revolving Loan Term, so long as Borrower is in compliance with all of the terms and conditions of this Agreement and no Defaulting Event has occurred, Borrower may request borrowings and may repay and request reborrowings of Revolving Loans.

• Loans hereunder are distinguished by “Class” and “Type.” The “Class” of a Loan (or of a Commitment to make such a Loan or of a Borrowing comprised of such Loans) refers to whether such Loan is a Dollar Revolving Loan, Foreign Currency Revolving Loan, New Revolving Loan, Term A Loan, Term B Loan, Incremental Term Loan, Extended Revolving Commitments or Extended Term Loans.

• Each notice of prepayment shall specify the prepayment date, the principal amount to be prepaid, whether the Loan to be prepaid is a Revolving Loan, Term B Closing Date Loan or Term B Delayed Draw Loan, whether the Loan to be prepaid is a Eurodollar Loan or a Base Rate Loan and, in the case of a Eurodollar Loan, the Interest Period of such Loan.

• Revolving Loan Term Renewal Interest Maximum Maximum Loan From To Fees Rate Interest Charge Commitment July 1, 2015 June 30, 2016 25,000July 1, 2016 November 13, 2016 -November 14, 2016 June 30, 2018 -12.00 %5.00 %5.00 %6,480,000 * 18,000,0006,480,000 * 18,000,0006,480,000 * 30,000,000 * Notwithstanding the amendments to the revolving loan facility subsequent to July 1, 2015, the combined maximum interest charge allowable by 2668921 Manitoba Ltd.

More Definitions of Revolving Loan Term

Revolving Loan Term shall have the meaning assigned in Section 20.1(a) hereof.

Revolving Loan Term means the period from and including the Closing Date to but not including the Revolving Loan Termination Date.

Revolving Loan Term means the period commencing on the Effective Date and ending on June 30, 2008.

Revolving Loan Term means the period commencing on the Closing Date and ending on the last day of the Revolving Loan Period.

Revolving Loan Term means the Closing Date through the close of business on the day immediately preceding the third anniversary of the Closing Date; provided that the Revolving Loan Term shall, in the sole discretion of Laurus, be extended for two (2) additional years if Company Agent provides written notice to Laurus not earlier than ninety (90) days prior the third anniversary of the Closing Date and not later than sixty (60) days prior to the third anniversary of the Closing Date, that Companies desire to extend the then current Revolving Loan Term, and Laurus provides written notice to Company Agent thirty (30) days prior to the third anniversary of the Closing Date that Laurus has elected to extend the Revolving Loan Term, subject to acceleration at the option of Laurus upon the occurrence of an Event of Default hereunder or other termination hereunder. The foregoing notwithstanding, the Revolving Loan Term shall not be extended if, as of the then current Revolving Loan Term, an Event of Default shall have occurred and be continuing. Nothing contained herein shall be deemed to be a commitment by Laurus to extend the Revolving Loan Term.

Revolving Loan Term means: (a) the period beginning on the Closing Date and ending on January 31, 2010 with respect to the Acquisition Loan Component and the Inventory Loan Component; and (b) with respect to the Receivable Loan Component, the period beginning on the Closing Date and ending on January 31, 2012, provided, however, that: (i) if the Borrower fails to pay down the aggregate outstanding principal balance of the Receivable Loan Component, the Inventory Loan Component and the Acquisition Loan Component to $60,000,000 on January 31, 2011 in accordance with Section 2.5B hereof, then the Revolving Loan Term shall end on January 31, 2011; and (ii) if the Borrower fails to pay down the aggregate outstanding principal balance of the Receivable Loan Component, the Inventory Loan Component and the Acquisition Loan Component to $50,000,000 by July 31, 2011 in accordance with Section 2.5B hereof, then the Revolving Loan Term shall end on July 31, 2011.”

Revolving Loan Term is hereby deleted and is hereby replaced with the following: