Revolving Principal Amount definition

Revolving Principal Amount means, when determined, the outstanding principal balance of the Revolving Note.

Revolving Principal Amount means, when determined, (a) for all Revolving Lenders, the aggregate outstanding principal balance of the Revolving Credit Notes, and (b) for any Revolving Lender, such Lender’s Revolving Commitment Percentage of the aggregate outstanding principal balance of the Revolving Credit Notes.

Revolving Principal Amount means, at any time, the greater of (a) fifty percent (50%) of the lesser of (i) the Revolving Commitments and (ii) the Borrowing Base as reduced by the minimum amount of Undrawn Availability required to be maintained pursuant to Section 2.10, and (b) the aggregate outstanding principal amount of all Revolving Loans (including any Agent Advances).

Examples of Revolving Principal Amount in a sentence

• The Borrower shall pay to the Agent, for the ratable benefit of each Revolving Lender based on its Revolving Committed Amount, a per annum fee equal to 0.50% for each day during the period of determination multiplied by the amount by which the then Revolving Committed Amount for all Revolving Lenders on such day exceeds the Revolving Principal Amount outstanding on such day.

• Borrower may prepay all or any part of the Revolving Principal Amount at any time without premium or penalty upon written notice to the Administrative Agent.

• Subject to the terms and conditions set forth in this Amendment, Lender hereby agrees to increase the Maximum Revolving Principal Amount from $7,000,000 to $10,000,000.

• If Borrower desires an increase in the Maximum Revolving Principal Amount, it shall first deliver a written request ("Request for Increase") to Lender specifying the proposed effective date of such increase.

• Subject to the terms and conditions set forth in this Amendment, Lender hereby agrees to decrease the Maximum Revolving Principal Amount from $15,000,000 to $10,000,000.

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• Upon Borrower's delivery of any Request for Increase, Lender will have the right, but not the obligation, to increase the Maximum Revolving Principal Amount.

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• The failure of any Loan Party to pay (a) any portion of the Revolving Principal Amount on the scheduled date due, (b) scheduled payments of interest within three (3) Business Days after they become due and payable under the Loan Documents, or (c) any other portion of the Obligations, including fees payable under Section 4 and expenses under Section 8.15, within ten (10) Business Days of the date when it becomes due and payable.

• Borrower shall pay to the Administrative Agent, for the ratable benefit of each Revolving Lender based on its Revolving Committed Amount, a per annum fee equal to the Unused Fee Rate for each day during the period of determination multiplied by the amount by which the then Revolving Committed Amount for all Revolving Lenders on such day exceeds the Revolving Principal Amount outstanding on such day.

More Definitions of Revolving Principal Amount

Revolving Principal Amount means, when determined, (a) for all Revolving Lenders, the aggregate outstanding principal balance of the Revolving Loans (including the Dollar Equivalent thereof in the case of Multicurrency Revolving Loans), and (b) for any Revolving Lender, such Lxxxxx’s Commitment Percentage of the aggregate outstanding principal balance of the Loans (including the Dollar Equivalent thereof in the case of Multicurrency Revolving Loans).

Revolving Principal Amount means, when determined, the aggregate outstanding principal amount of the Revolving Notes.