Second Revolving Loan definition

Second Revolving Loan the meaning specified in Section 1.1(b).
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Examples of Second Revolving Loan in a sentence

  • Advances under the Second Revolving Loan shall be made in minimum amounts of One Hundred Thousand Dollars ($100,000) for each advance.

  • It is the specific intent of the parties that advances under the Second Revolving Loan shall be made without regard to the Borrowing Base and that the entire principal amount of the Second Revolving Loan shall be available to Borrower.

  • Borrower will duly and punctually pay all principal, interest, charges and other items included in the First Revolving Loan or the Second Revolving Loan which is owing by it in accordance with the provisions hereof and of the other Documents.

  • The Second Revolving Loan shall be evidenced by a Second Revolving Loan Note in the form of Schedule "A-2" attached hereto and made a part hereof (referred to herein as the "Second Revolving Loan Note").

  • The aforesaid Second Revolving Loan Note and advances thereunder may be continued or extended by mutual agreement of the parties; provided, however, the parties acknowledge that Lender is under no obligation to extend the term of the Second Revolving Loan and whether or not to continue or extend the term of the Second Revolving Loan is in the Lender's sole and absolute discretion.

  • Upon such payment in full of the Second Revolving Loan, the Second Revolving Loan shall be terminated, whereupon the First Revolving Loan shall constitute the sole "Loan" under the Revolving Loan Agreement.

  • Borrower has requested that Bank agree to extend the ---------- maturity of both the First Revolving Loan and the Second Revolving Loan and to modify certain of Borrower's covenants contained in the Revolving Loan Agreement.

  • Borrower has requested that Bank agree to extend the ---------- maturity of both the First Revolving Loan and the Second Revolving Loan.

  • Borrower authorizes Lender to disburse and apply from the First Revolving Loan, as so increased, sufficient funds to pay in full all sums outstanding under the Second Revolving Loan.

  • The Second Revolving Loan shall be evidenced by a Second Revolving Loan Note in the form of Schedule “A-2” attached hereto and made a part hereof (referred to herein as the “Second Revolving Loan Note”).

Related to Second Revolving Loan

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • New Revolving Loans as defined in Section 2.25.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Initial Revolving Loan means a Revolving Facility Loan made (i) pursuant to the Revolving Facility Commitments in effect on the Closing Date (as the same may be amended from time to time in accordance with this Agreement) or (ii) pursuant to any Incremental Revolving Facility Commitment on the same terms as the Revolving Facility Loans referred to in clause (i) of this definition.

  • Additional Revolving Loans means any revolving loan added hereunder pursuant to Section 2.22, 2.23 or 9.02(c)(ii).

  • Revolving Loan Obligations means any Obligations with respect to the Revolving Loans (including without limitation, the principal thereof, the interest thereon, and the fees and expenses specifically related thereto).

  • Incremental Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loans as defined in Section 2.4(a).

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.