Senior Revolving Loan definition

Senior Revolving Loan or “Senior Revolving Borrowing” shall mean a loan made by the Lender to the Borrower under its Senior Revolving Commitment, which may either be a Base Rate Loan or a Eurodollar Loan.
Sample 1Sample 2
Senior Revolving Loan means the $16,500,000 revolving loan facility to be --------------------- made available by the Senior Lenders to the Company pursuant to the Senior Credit Agreement.
Sample 1
Senior Revolving Loan means a "Revolving Loan" under, and as defined in, the Senior Credit Agreement.
Sample 1

Examples of Senior Revolving Loan in a sentence

  • This Amendment shall become effective on the first date on which the Agents shall have received a duly executed counterpart of this Amendment executed by each Credit Party, Revolving Agent, Term Agent, Collateral Agent, those Senior Revolving Lenders which constitute “Required Lenders” under the Senior Revolving Loan Agreement, those Senior Term Lenders which constitute “Required Lenders” under the Senior Term Loan Agreement, Swingline Lender, and Issuing Bank (such date, the “Effective Date”).

  • Notes payable consisted of the following: The Senior Euro-Dollar Revolving Loan, the Senior Revolving Loan, and the Senior Canadian Euro-Dollar Revolving Loan (collectively, the “outstanding revolving loans”) are pursuant to a $350,000 Credit Agreement (the “Credit Agreement”) with a consortium of financial institutions entered into by the Company on August 26, 2002, as amended on April 28, 2004.

  • No Restricted Company may have issued for its account — or otherwise become obligated for any reimbursement obligations for — any letter of credit except letters of credit under the Senior Revolving Loan Documents.

  • This Agreement shall not impair or supersede any other agreement between the Senior Revolving Loan Agent and the Senior Term Loan Agent with respect to any of the Obligors, including the Senior Intercreditor Agreement, which shall remain in full force and effect, and shall not modify or otherwise affect the relative rights of the Senior Revolving Claimholders and the Senior Term Loan Claimholders set forth in the Senior Intercreditor Agreement.

  • All Borrowings, all -------------------------------- interest payments and all principal payments and prepayments under all Senior Revolving Loan Agreements shall be made based on each Senior Revolving Lender's pro rata share of the aggregate total of the Commitments of all Senior Revolving --- ---- Loan Agreements.

  • Lender shall have reviewed and found satisfactory all terms and conditions of the Senior Revolving Loan Documents.

  • Notes payable consisted of the following: The Senior Euro-Dollar Revolving Loan, the Senior Revolving Loan., and the Senior Canadian Revolving Loan (collectively, the “outstanding revolving loans”) were pursuant to a $350,000 Credit Agreement (the “Credit Agreement”) with a consortium of financial institutions entered into by the Company on August: 26, 2002, as amended on April 28, 2004.

  • Bank of America, N.A., together with its successors and assigns, in its capacity as “Agent” for the Senior Revolving Lenders under the Senior Revolving Loan Documents.

  • Borrower and Bank have caused this Fourth Amendment to the Senior Revolving Loan Agreement to be executed by their respective, duly authorized officers or representatives as of the day and year first above written.

  • The Agent shall have received evidence reasonably satisfactory to the Agent that all conditions precedent to the closing of the Senior Revolving Loan have been satisfied or waived.


More Definitions of Senior Revolving Loan

Senior Revolving Loan means a commercial loan to an Energy-Related Obligor that (i) is governed by a borrowing base (which borrowing base is subject to (x) review at least semi-annually and (y) adjustment based on a “reserve report”), (ii) is not (and cannot by its terms become) subordinate in right of payment to any obligation of such Obligor in any bankruptcy, reorganization, insolvency, moratorium or liquidation proceedings and (iii) is secured by a pledge of collateral, which security interest is validly perfected and first priority under Applicable Law (subject to Liens described in clause (b) (other than clause (v) thereof) of the definition of Permitted Liens).
Sample 1
Senior Revolving Loan means the "Advances" and "Letter of Credit Usage" outstanding under the Senior Revolving Commitments, and any other advances made and letters of credit issued from time to time under revolving credit facilities established under the Senior Loan Agreement.
Sample 1
Senior Revolving Loan means, collectively, the "Revolving --------------------- Loans" and the "Swing Loans" (each as defined under the Senior Loan Agreement) and shall include all amendments, modifications, extensions, renewals, refinancings or refundings thereof in whole or in part from time to time in accordance with the provisions thereof; provided that -------- the "Senior Revolving Loan" shall not include any Indebtedness or other liabilities or obligations that do not constitute Senior Debt.
Sample 1
Senior Revolving Loan means that certain portion of the Commitment which outstanding Advances shall not to exceed, in aggregate, $2,000,000 at any time, which is described as the "Senior Revolving Loan" in the Commitment Letter. ​
Sample 1

Related to Senior Revolving Loan

  • 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).

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

  • 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

  • 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).

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

  • Majority Revolving Credit Facility Lenders the Majority Facility Lenders in respect of the Revolving Credit Facility.

  • Term Loan Obligations means the “Obligations” as defined in the Term Loan Credit Agreement.

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

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

  • 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.

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

  • New Revolving Loans as defined in Section 2.25.

  • Extended Revolving Credit Facility means each Class of Extended Revolving Credit Commitments established pursuant to Section 2.15(a)(ii).

  • 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.

  • ABL Loans means the “Loans” as defined in the ABL Credit Agreement.

  • Senior Loans means the loans and other extensions of credit made by the Senior Lenders to Borrower pursuant to the Senior Credit Agreement.

  • Term Loan Facility means the Term Loan Commitments and the provisions herein related to the Term Loans.

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

  • Required Revolving Facility Lenders means, at any time, Revolving Facility Lenders having (a) Revolving Facility Loans (other than Swingline Loans) outstanding, (b) Revolving L/C Exposures, (c) Swingline Exposures and (d) Available Unused Commitments that, taken together, represent more than 50% of the sum of (w) all Revolving Facility Loans (other than Swingline Loans) outstanding, (x) all Revolving L/C Exposures, (y) all Swingline Exposures and (z) the total Available Unused Commitments at such time; provided, that the Revolving Facility Loans, Revolving L/C Exposures, Swingline Exposures and Available Unused Commitment of any Defaulting Lender shall be disregarded in determining Required Revolving Facility Lenders at any time.

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

  • Revolving Facility Loans shall include the Other Revolving Loans.

  • 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.

  • Existing Revolving Credit Facility means the $600,000,000 (subject to increase in accordance with its terms) revolving credit facility evidenced by that certain Amended and Restated Revolving Credit Agreement dated as of June 14, 2022 by and among the Borrower, the Parent, the lenders from time to time party thereto as “Lenders”, and JPMorgan Chase Bank, N.A., as Agent.

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

  • Refinancing Revolving Lender has the meaning assigned to such term in Section 2.26(a).