Swing Loan Limit definition

Swing Loan Limit means U.S. $65,000,000, as the same may be reduced from time to time pursuant to Section 2.8.
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Swing Loan Limit means as of any date of determination the lesser of (a) $40,000,000 and (b) the Revolver Commitment of WFCFCC.
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Swing Loan Limit shall have the meaning set forth in Section 2.01(a).
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Examples of Swing Loan Limit in a sentence

  • Any termination of the Total Revolving Credit Commitments below the Swing Loan Limit shall reduce the Swing Loan Limit then in effect by like amount.


More Definitions of Swing Loan Limit

Swing Loan Limit means U.S. $65,000,000, as the same may be reduced from time to time pursuant to Section 2.8. “Swing Loan Refund Amount” has the meaning set forth in Section 2.1(d).
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Related to Swing Loan Limit

  • Revolving Loan Availability means, at any time, the Revolving Loan Limit minus the Revolving Loan Outstandings.

  • Swing Loan has the meaning specified therefor in Section 2.3(b) of the Agreement.

  • Swing Loans each is defined in Section 1.7 hereof.

  • Swing Line Loans as defined in Section 2.6.

  • Swing Loan Exposure means, as of any date of determination with respect to any Lender, such Lender’s Pro Rata Share of the Swing Loans on such date.

  • Maximum Revolving Loan Amount means, as of any date of determination, the lesser of (a) the Revolving Loan Commitment(s) of all Lenders minus the Letter of Credit Reserve and (b) the Borrowing Base minus the Letter of Credit Reserve.

  • Loan Limit means, at any time, the lesser of (a) the Total Commitment at such time and (b) the Borrowing Base at such time (including as it may be reduced pursuant to Section 2.14(h)).

  • Swing Line Loan has the meaning specified in Section 2.04(a).

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Swing Line Commitment the obligation of the Swing Line Lender to make Swing Line Loans pursuant to Section 2.6 in an aggregate principal amount at any one time outstanding not to exceed $10,000,000.