US Revolving Advance definition

US Revolving Advance means an advance by a US Revolving Lender to the US Borrower as a part of a Borrowing pursuant to Section 2.1(a) and refers to either a US Base Rate Advance or a Eurocurrency Advance. Each US Revolving Advance denominated in a Foreign Currency and made to the US Borrower shall be a Eurocurrency Advance.
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US Revolving Advance means any advance by a Bank to the Company as part of a U.S. Revolving Borrowing and refers to a U.S. Base Rate Advance or a Eurodollar Rate Advance.
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US Revolving Advance means an advance of funds pursuant to Article II.
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Examples of US Revolving Advance in a sentence

  • Such Letter of Credit Borrowing shall be due and payable on demand (together with interest) and shall bear interest at the rate per annum applicable to a U.S. Revolving Advance maintained as a Domestic Rate Loan in the case of a U.S. Letter of Credit or a Canadian Revolving Advance maintained as a Canadian Prime Rate Loan in the case of Canadian Letter of Credit.

  • Should any amount required to be paid as interest hereunder, or as fees or other charges under this Agreement or any other agreement with Agent or Lenders, or with respect to any other U.S. Obligation, become due, same shall be deemed a request for a U.S. Revolving Advance as of the date such payment is due, in the amount required to pay in full such interest, fee, charge or U.S. Obligation under this Agreement or any other agreement with Agent or Lenders, and such request shall be irrevocable.

  • Any sums expended by Agent or any Lender due to any U.S. Borrower’s failure to perform or comply with its obligations under this Agreement or any Other Document including any U.S. Borrower’s obligations under Sections 4.2, 4.4, 4.12, 4.13, 4.14 and 6.1 hereof, may be charged to U.S. Borrower’s Account as a U.S. Revolving Advance and added to the U.S. Obligations.

  • The Borrowers obligated thereon shall repay the outstanding principal amount of each U.S. Revolving Advance and each French Revolving Advance on the Maturity Date applicable to such Advances.

  • The "Class" of an Advance refers to the determination of whether such Advance is a U.S. Term Advance, French Term Advance, Spanish Term Advance, U.S. Revolving Advance or a French Revolving Advance, each of which constitutes a Class.

  • Each US Revolving Advance made pursuant to each request made by Swing Lender pursuant to the foregoing sentence shall be considered to be a US Revolving Advance, and US Borrower hereby irrevocably instructs Swing Lender to apply the proceeds of such US Revolving Advances to the prepayment of the outstanding Swing Loans.

  • Revolving Advances, (iv) reduce the principal amount of any US Revolving Advance or Cdn.

  • Upon the date of any such US Revolving Advance all accrued but unpaid interest on the Swing Note to such date shall be due and payable by US Borrower to Swing Lender.

  • Each US Revolving Lender agrees to fund its Pro Rata Share of an outstanding US Revolving Advance made by an Issuing Bank as a result of a drawing under the Letter of Credit on (A) the Business Day on which demand therefor is made by the Issuing Bank, provided that notice of such demand is given not later than 1:00 P.M. (New York City time) on such Business Day, or (B) the first Business Day next succeeding such demand if notice of such demand is given after such time.

  • Such cash collateral shall be released by Agent only in connection with the making of a US Revolving Advance to be used by the US Borrowers solely for the purposes of funding the acquisition of replacement assets pursuant to the terms of this Section 2.13(a); provided, however, that, nothing contained herein shall waive or modify any conditions to the making of Revolving Advances or any other provisions of this Agreement.


More Definitions of US Revolving Advance

US Revolving Advance has the meaning assigned to that term in subsection 2.1(A).
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US Revolving Advance means a loan of funds by a US Bank to G&K Inc. under the US Revolving Facility, including both US Floating Rate Advances and Eurodollar Advances made thereunder.
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Related to US Revolving Advance

  • Revolving Advance has the meaning given in Section 2.1.

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

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

  • 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.

  • Maximum Revolving Advance Amount means $25,000,000.

  • 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.

  • 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.

  • Revolving Loan means a Loan made pursuant to Section 2.01.

  • Revolving Loan Account has the meaning described in Section 2.1.9 (Revolving Loan Account).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

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

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

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

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • 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.

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

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

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

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

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

  • Committed Advance means an advance made by a Lender to a Borrower as part of a Committed Borrowing and refers to a Base Rate Advance or a Eurodollar Rate Committed Advance, each of which is a “Type” of Committed Advance.

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

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.