Term Revolving Advance definition

Term Revolving Advance means an Advance under the Term Revolving Note.
Sample 1Sample 2Sample 3
Term Revolving Advance means an advance under this Second Supplement and the Term Revolving Note.
Sample 1
Term Revolving Advance means a loan of funds by a Lender to the Borrower under the Term Revolving Facility, including Base Rate Loans, LIBOR Loans and Quoted Rate Loans made thereunder.
Sample 1

Examples of Term Revolving Advance in a sentence

  • Each Term Revolving Advance shall be in a minimum amount equal to $50,000.00.

  • Each Term Revolving Advance shall be made, on notice from the Borrower (a “Request for Advance”) to the Lender delivered before 12:00 Noon (Minneapolis, Minnesota time) on a Business Day which is at least three (3) Business Days prior to the date of such Advance specifying the amount of such Advance, provided that, no Term Revolving Advance shall be made while an Event of Default exists.

  • Subject to the provisions of this Agreement, including without limitation Section 2.06, each Term Revolving Advance shall bear interest at a rate equal to the Applicable Rate plus 325 basis points.

  • Subject to the terms and conditions of this Agreement, Lender agrees to make loans to Borrower from time to time on a revolving credit basis (each a "Long Term Revolving Advance", collectively, "Long Term Revolving Loans"), provided that the aggregate principal amount of outstanding Long Term Revolving Loans shall at no time exceed the Maximum Long Term Revolving Loan Amount.

  • Subject to the terms and conditions of this Agreement, Lender agrees to make loans to Borrower from time to time on a revolving credit basis (each a "Short Term Revolving Advance", collectively, "Short Term Revolving Loans"), provided that the aggregate principal amount of outstanding Short Term Revolving Loans shall at no time exceed the Maximum Short Term Revolving Loan Amount.

  • Whenever Borrower wishes to request a Long Term Revolving Advance, Borrower shall give Lender notice thereof in accordance with the provisions of the Long Term Revolving Note.

  • Mayor Kuhl wants to have more conversations with the County Board before any action is taken.

  • Notwithstanding any other provision herein or in the Short Term Revolving Note, Lender may in its discretion revoke Borrower's option to request a Short Term Revolving Advance by means of writing checks on a Zero Balance Account and require that requests be made either orally or in writing to a representative of Lender authorized to handle Borrower's requests for a Short Term Revolving Advance.

  • Each Term Revolving Advance shall be in a minimum amount equal to$50,000.00.

  • Whenever Borrower wishes to request a Short Term Revolving Advance, Borrower shall give Lender notice thereof in accordance with the provisions of the Short Term Revolving Note.

Related to Term Revolving Advance

  • Revolving Advance has the meaning given in Section 2.1.

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

  • Term Loan Advance and “Term Loan Advances” are each defined in Section 2.1.1(a).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Maximum Revolving Advance Amount means $30,000,000.

  • 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.

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

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

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

  • 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).

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

  • Revolving Advances means Advances made other than Letters of Credit.

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

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • 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

  • Term Advance has the meaning specified in Section 2.01(a).

  • Shared-Loss Loan Commitment Advance means an advance pursuant to a Shared-Loss Loan Commitment with respect to which the Assuming Institution has not made a Permitted Advance.

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

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

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Tranche A Advance has the meaning specified in Section 2.01(a).

  • 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.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.