Revolving Portion definition

Revolving Portion means, at any time, the Portion of the Loan Facility evidenced by the Total Revolving Loan Commitments.

Revolving Portion means, at any time, the portion of the Loan Facility evidenced by the Total Revolving Loan Commitments.

Revolving Portion means, with respect to the Assigned Debt, the portion thereof obtained by dividing the aggregate principal amount of Assigned Debt times a fraction, the numerator of which is the aggregate principal amount of Revolving Loans outstanding on the Restatement Date and the denominator of which is the aggregate principal amount of Revolving Loans and Term Loans outstanding on the Restatement Date.

Examples of Revolving Portion in a sentence

• Pursuant to the Loan Agreement, Lenders made a loan to the Existing Borrowers in the original maximum principal amount of Two Hundred Million and No/100 Dollars ($200,000,000.00) (the "Loan"), consisting of a Revolving Portion and a Non-Revolving Portion (as such terms are defined in the Loan Agreement).

• Interest shall accrue on the principal amount of the Base Rate Revolving Portion outstanding at the end of each day at a fluctuating rate per annum equal to the Applicable Margin then in effect plus the Base Rate.

• All Swingline Loans shall be treated as Revolving Credit Loans for purposes of this Agreement, except that (a) all Swingline Loans shall be included within the Base Rate Revolving Portion and (b) notwithstanding anything herein to the contrary (other than as set forth in the next succeeding sentence), all principal and interest paid with respect to Swingline Loans shall be for the sole account of Agent in its capacity as the lender of Swingline Loans.

• Pursuant to the Loan Agreement, Lenders made a loan to the Borrowers in the original maximum principal amount of Two Hundred Million and No/100 Dollars ($200,000,000.00) (the "Loan"), consisting of a Revolving Portion and a Non-Revolving Portion (as such terms are defined in the Loan Agreement).

• Prior to the initial Revolving Loan, the Agent and the Banks shall have received and the Agent and the Required Banks shall be satisfied (both as to form and substance) with a pro forma Borrowing Base Certificate which shall be prepared as of a date prior to the Closing Date and which shall indicate that the Borrowing Base on the Closing Date will exceed the initial Borrowings under the Revolving Portion by not less than $5,000,000.

More Definitions of Revolving Portion

Revolving Portion is defined in Section 3.6(c).

Revolving Portion means, at any time, and from time to time, that portion of the then Committed Amount that is not the Non-Revolving Portion.

Revolving Portion means, in relation to a Home Loan, your Home Loan or any portion of your Home Loan specified in your Loan Agreement as your Revolving Portion (as applicable) or, as the context requires, the outstanding balance under your Revolving Portion at any time.

Revolving Portion is defined in Section 3.6(c). "S-CC" means Stone-Consolidated Corporation, a Canadian federal corporation, and any successor thereto, including Abitibi Consolidated Inc., a Canadian federal corporation resulting from the amalgamation of S-CC and AbitibiPrice Inc.

Revolving Portion means a portion of the Aggregate Commitments on the Third Amendment Effective Date equal to $425,000,000.

Revolving Portion means that portion of the principal of the Loan in the maximum amount of (a) DM 230,000,000 (Deutsche Mark Two Hundred Thirty Million) for the period from the Second Restatement Date through March 14, 2000 or (b) DM 105,000,000 (Deutsche Mark One Hundred Five Million) for the period from March 15, 2000 through September 14, 2000, which portion includes the Kronos Titan Revolving Portion and may be, from time to time, prepaid pursuant to SECTION 8.02 and reborrowed pursuant to SECTION 2.04; provided, however, that each of the amounts set forth in CLAUSES (A) and (B) preceding shall be automatically reduced by an aggregate amount equal to 300% (three hundred percent) of the cumulative total of the Excess Adjusted Restricted Payments which have been, as of any date but subject to the 30 (thirty) day cure period specified in the definition of "Excess Adjusted Restricted Payments", paid or made or have otherwise arisen or existed on or after January 1, 1996, which reduction in the Revolving Portion shall occur automatically upon expiration of the 30 (thirty) day cure period applicable to the payment, making, arising or other existence of each such Excess Adjusted Restricted Payment.

Revolving Portion means the portion of the Loan that Borrowers are permitted to repay and reborrow hereunder, which amount is equal to (a) from and after the Effective Date and prior to disbursement of the Holdback, $6,000,000, and (b) following disbursement of the Holdback, $10,000,000, subject, however, in all events to reduction in accordance with Section 3.7 below.