Revolving Maximum Amount definition

Revolving Maximum Amount means, as of any date of determination, an amount equal to the Revolving Loan Commitment of all Lenders as of that date.

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Revolving Maximum Amount means, as of any date of determination, the sum of the following amounts:

Revolving Maximum Amount means Thirty-Five Million Dollars ($35,000,000), which such amount is permanently reduced to lower amounts by the greater of

Examples of Revolving Maximum Amount in a sentence

Additionally, the Class A Revolving Committed Lenders shall not be obligated to fund the amount of any excess of a requested Class A Revolving Loan over the Class A Revolving Maximum Amount.
European Revolving Credit Advances may be repaid and reborrowed; provided that the amount of any European Revolving Credit Advance to be made at any time shall not exceed the European Revolving Maximum Amount less the European Revolving Loan Outstandings at such time.
If at any time the aggregate balance of all Advances outstanding exceeds the Revolving Maximum Amount, within one (1) Business Day the Borrower shall prepay the Revolving Note so that the aggregate balance of all Advances under the Revolving Note do not exceed the Revolving Maximum Amount.
If on any day the Revolving Outstandings plus the Swing Line Outstandings exceeds the Revolving Maximum Amount, the Co-Borrowers shall immediately prepay Revolving Loans and/or Cash Collateralize the outstanding Letters of Credit, or do a combination of the foregoing, in an amount sufficient to eliminate such excess.
Employee will serve as Vice President, General Counsel and Company Secretary and will perform such duties and responsibilities as the Company’s Chief Executive Officer (“CEO”), the CEO’s designee, or the Company’s Board of Directors (“Board”) may assign to Employee from time to time.

More Definitions of Revolving Maximum Amount

Revolving Maximum Amount means Three Hundred Thousand Dollars ($300,000)

Revolving Maximum Amount means the lesser of the US Dollar Amount of the following: (a) the Revolving Commitment, and (b) the Borrowing Base, as determined at any time from time to time.

Revolving Maximum Amount means the following during the following time periods: (a) from the date hereof until October 27, 1995: the lesser of: (i) $13,320,000; and (ii) the Borrowing Base less $5,580,000; (b) from October 28, 1995 until November 10, 1995: the lesser of: (i) $13,320,000; and (ii) the Borrowing Base less $6,130,000; and (c) following November 10, 1995: the lesser of: (i) $13,320,000; and (ii) the Borrowing Base less $6,680,000.

Revolving Maximum Amount means Thirty-Five Million Dollars ($35,000,000), which such amount is permanently reduced to lower amounts by the greater of (y) the sum of (1) an amount equal to the aggregate net cash proceeds of all sales of Collateral pursuant to Section 5.4 (other than the last paragraph thereof), or as otherwise approved by Foothill, which occur after the exercise of the Reload Option; plus (2) 100% of Account collections, once the Term Note has been fully secured by cash; or (z) Thirty-Five Million Dollars ($35,000,000); provided that if Borrower has repaid in full or otherwise retired all PIK Notes by July 15, 2000, the amounts of the reductions under this clause (z) shall be $4,500,000 on the next following June 30 or December 31, whichever occurs first and by an additional $4,500,000 on each following June 30 and December 31 until the Revolving Maximum Amount is zero." Borrower shall only be permitted to exercise the Reload Option to purchase PIK Notes issued by Trails or to purchase the stock of AIC."

Revolving Maximum Amount means the lesser of (a) the Aggregate Revolving Commitment and (b) the Borrowing Base. Revolving Outstandings means, at any time, the sum of (a) the aggregate principal amount of all outstanding Revolving Loans, plus (b) the Stated Amount of all Letters of Credit.

Revolving Maximum Amount means Twenty-Eight Million Four Hundred Thirty-Five Thousand Dollars ($28,435,000), which such amount is permanently reduced to lower amounts by the greater of (y) the sum of (1) an amount equal to the aggregate net cash proceeds of all sales of Collateral pursuant to Section 5.4 (other than the last paragraph thereof), or as otherwise approved by Foothill, which occur after June 10, 1998; plus (2) 100% of Account collections, once the Term Note has been fully secured by cash; or (z) the amount set forth below opposite the applicable date of reduction:

Revolving Maximum Amount means, at any time, the lesser of (i) $2,500,000 or (ii) the Borrowing Base at such time.