The Revolving Credit definition

The Revolving Credit. Notes shall evidence Borrower's absolute and unconditional obligation to repay such Lender(s) for all Revolving Credit Loans made by such Lender(s) under the Credit Facility, with interest as herein and therein provided. Each and every Revolving Credit Loan under the Credit Facility shall be deemed evidenced by the Revolving Credit Notes, which are deemed incorporated herein by reference and made a part hereof. All Revolving Credit Notes shall be substantially in the form set forth in Exhibit "2.1
Sample 1
The Revolving Credit. Notes shall represent the obligation of Borrower to pay the amount of the Maximum Revolving Credit Loan or, if less, the aggregate unpaid principal amount of all Revolving Credit Advances made by Lenders to Borrower and all other Obligations with interest thereon as prescribed in Section 1.8. The date and amount of each Revolving Credit Advance and each payment of principal with respect thereto shall be recorded on the books and records of Agent, which books and records shall constitute prima facie evidence of the accuracy of the information therein recorded. The entire unpaid balance of the Revolving Credit Loan shall be immediately due and payable on the Commitment Termination Date.
Sample 1Sample 2
The Revolving Credit. Advance is "Permitted Debt" under clause 1 of the definition of "Permitted Debt" in the Senior Notes Indenture. The undersigned hereby certifies that all of the statements contained in Section 7.2 of the Credit Agreement are true and correct in all material respects on the date hereof, and will be true in all material respects on the date of the requested Revolving Credit Advance, before and after giving effect thereto and to the application of the proceeds therefrom. O'SULLIVAN INDUSTRIES, INC. Xx: ____________________________________ Name: ____________________________________ Title: ____________________________________ CERTIFICATE OF EXECUTIVE OFFICER The undersigned, an executive officer of O'Sullivan Industries, Inc., a Delaware corporation (the "Company") hereby certifixx xxxx xxe incurrence by the Company of the [Revolving Credit Advance] [Letter of Credit Obligation] requested in the [foregoing Notice of Revolving Credit Advance][accompanying notice of request for Letter of Credit] is permitted by the terms of the terms of the Indenture, dated as of November 30, 1999 relating to the issuance by the Company of its 13-3/8% Senior Subordinated Notes due 2009 among the Company, as Issuer, O'Sullivan Industries - Virginia, Inc., as Guarantor and Norwest Bank Minnesota, Nxxxxxxx Xxsociation, as Trustee.
Sample 1

Examples of The Revolving Credit in a sentence

  • The Revolving Credit Facility and the Revolving Credit Commitments shall terminate on the Revolving Credit Maturity Date.

  • The Revolving Credit Loans shall be made pro rata in accordance with each Bank's Commitment Percentage.

  • The Revolving Credit Commitments (other than any Extended Revolving Credit Commitments) shall terminate on the applicable Maturity Date.

  • The Revolving Credit Facility Fee shall be computed on the basis of a year of three hundred sixty (360) days and assessed for the actual number of days elapsed.

  • The Revolving Credit Commitment of each Lender shall automatically and permanently be reduced to zero on the Final Maturity Date.

  • The Revolving Credit Commitments shall terminate on the Maturity Date therefor.

  • The Revolving Credit Facility may include one or more Swing Line Loans and one or more Letters of Credit from time to time.

  • The Revolving Credit Commitment of each Class shall automatically and permanently terminate on the Maturity Date with respect to such Class of Revolving Credit Commitments.

  • The Revolving Credit Loans shall be due and payable, and the Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders, on the Maturity Date for the Revolving Credit Facility the aggregate principal amount of all Revolving Credit Loans outstanding on such date.

  • The Revolving Credit Note shall not operate as a novation of any of the Obligations or nullify, discharge, or release any such Obligations or the continuing contractual relationship of the parties hereto in accordance with the provisions of this Agreement.


More Definitions of The Revolving Credit

The Revolving Credit. LENDERS: FLEET RETAIL FINANCE INC. By /s/ Xxxxx X. Xxxxxxx ............................................................. Name Xxxxx X. Xxxxxxx ...........................................................
Sample 1
The Revolving Credit. Notes shall evidence each Borrower's unconditional joint and several obligation to repay such Lender for all Advances made under the Revolving Credit, with interest as herein and therein provided. Each Advance under the Revolving Credit shall be deemed evidenced by the Revolving Credit Notes, which are deemed incorporated herein by reference and made part hereof. The obligations of Borrowers under the Revolving Credit and this Agreement shall at all times be joint and several. All Revolving Credit Notes shall be substantially in the form set forth in Exhibit "G" attached hereto and made a part hereof.
Sample 1
The Revolving Credit. Loan is evidenced by a Promissory Note dated October 31, 1996 in the original principal amount of $10,000,000. As of April 17, 1997, there is due under such note principal of Three Million Five Hundred Thousand Dollars ($3,500,000) and interest of Eight Thousand Two Hundred Thirty-Eight and 16/100 Dollars ($8,238.16), plus attorneys' fees and other costs which are payable under such note.
Sample 1
The Revolving Credit. Notes shall evidence Borrower's unconditional obligation to repay such Lender for all outstanding Loans owing to such Lender, with interest as herein and therein provided. Each and every Advance under the Revolving Credit shall be deemed evidenced by the Revolving Credit Notes, which are deemed incorporated herein by reference and made a part hereof. All Revolving Credit Notes shall be substantially in the form set forth in Exhibit A attached hereto and made a part hereof. (c) The Revolving Credit shall expire on the Revolving Credit Maturity Date. On such date, unless sooner due under the terms hereof or having been sooner accelerated by Administrative Agent pursuant to the terms hereof, all sums of every kind owing under the Revolving Credit and all other unpaid Obligations shall be due and payable in full, and as of and after such date no further Advances to Borrower shall be available from Lenders.
Sample 1
The Revolving Credit. Notes shall evidence each Borrower's unconditional several obligation to repay such Lender for all Revolving Credit Loans made by such Lender to such Borrower under the Credit Facility, with interest as herein and therein provided. Each and every Revolving Credit Loan under the Credit Facility made to a particular Borrower shall be deemed evidenced by the Revolving Credit Notes issued by such Borrower, all of which are deemed incorporated herein by reference and made a part hereof. All Revolving Credit Notes shall be substantially in the form set forth in Exhibit "2.1
Sample 1

Related to The Revolving Credit

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

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

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

  • Existing Revolving Credit Commitments shall have the meaning provided in Section 2.15(a)(ii).

  • Total Revolving Credit Commitments at any time, the aggregate amount of the Revolving Credit Commitments then in effect.

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

  • Other Revolving Credit Commitments means one or more Classes of revolving credit commitments hereunder that result from a Refinancing Amendment.

  • U.S. Revolving Credit Commitment means, (a) with respect to each Lender that is a Lender on the Closing Date, the amount set forth opposite such Lender’s name on Schedule 1.1(c) as such Lender’s “US Revolving Credit Commitment” and (b) in the case of any Lender that becomes a Lender after the Closing Date, the amount specified as such Lender’s “US Revolving Credit Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the US Total Revolving Credit Commitment, in each case of the same may be changed from time to time pursuant to terms hereof. The aggregate amount of the US Revolving Credit Commitment as of the Closing Date is $100,000,000.

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Revolving Credit means the credit facility for making Revolving Loans and issuing Letters of Credit described in Sections 1.1 and 1.2 hereof.

  • New Revolving Credit Commitments shall have the meaning provided in Section 2.14(a).

  • Extended Revolving Credit Commitments has the meaning set forth in Section 2.16(b).

  • Additional Revolving Credit Commitments means any revolving credit commitment added pursuant to Sections 2.22, 2.23 and/or 9.02(c)(ii).

  • Aggregate Revolving Credit Commitments means, at any time, the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at such time.

  • Refinancing Revolving Credit Commitments means one or more Classes of Revolving Credit Commitments hereunder that result from a Refinancing Amendment.

  • Available Revolving Credit Commitment with respect to any Revolving Credit Lender at any time, an amount equal to the excess, if any, of (a) such Lender’s Revolving Credit Commitment then in effect over (b) such Lender’s Revolving Extensions of Credit then outstanding.

  • Incremental Revolving Credit Commitments has the meaning set forth in Section 2.14(a).

  • Unused Revolving Credit Commitments means, at any time, the difference between the Revolving Credit Commitments then in effect and the aggregate outstanding principal amount of Revolving Loans and L/C Obligations.

  • Aggregate Revolving Credit Commitment means the aggregate of the Revolving Credit Commitments of all the Revolving Lenders, as reduced or increased from time to time pursuant to the terms hereof. The Aggregate Revolving Credit Commitment as of the Tranche B-1 Funding Date is $150,000,000.

  • Extended Revolving Credit Commitment has the meaning specified in Section 2.15(a).

  • Incremental Revolving Credit Commitment means the commitment of any Lender, established pursuant to the Credit Agreement, to make available certain revolving credit loans to one or more Borrowers.

  • Unused Revolving Credit Commitment of any Lender, at any time, means the remainder of the Revolving Credit Commitment of such Lender at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Revolving Loans made by such Lender, (b) such Lender’s LC Exposure at such time and (c) except for purposes of Section 2.12(a), such Lender’s Applicable Percentage of the aggregate Outstanding Amount of Swingline Loans.

  • 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.

  • Revolving Credit Loans as defined in Section 2.1.

  • Specified Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).