AMOUNT OF REVOLVING CREDIT Sample Clauses

AMOUNT OF REVOLVING CREDIT. The total principal amount available under the Revolving Credit shall be Six Million Dollars and 00/100 ($6,000,000.00).
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AMOUNT OF REVOLVING CREDIT. The total principal amount available under the Revolving Credit shall be Ten Million and 00/100 Dollars ($10,000,000.00).
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AMOUNT OF REVOLVING CREDIT. Relying on the foregoing representations and warranties and subject to the agreements and covenants hereinafter contained, the Bank agrees to make Loans to the Borrower, from time to time from the date hereof to the Termination Date, at such times and in such amounts as the Borrower shall request, in the aggregate not in excess of the Bank’s Commitment. The Borrower shall give the Bank written or telephonic notice by 11:00 a.m., the Bank’s local time, three Business Days prior to the date of intended borrowing with respect to any Loan hereunder, which notice shall specify the proposed date of borrowing, the amount thereof, and the Interest Period selected. The Bank shall notify the Borrower of the relevant LIBO Rate at approximately 11:00 a.m., New York time, two Business Days prior to the date of intended borrowing. The Loans shall be evidenced by a Revolving Credit Note (as defined in Section 3.2 hereof).
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AMOUNT OF REVOLVING CREDIT. The maximum principal amount of the Revolving Credit shall be Three Hundred Thousand Dollars ($300,000.00).
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AMOUNT OF REVOLVING CREDIT. Relying on the foregoing representations and warranties and subject to the agreements and covenants hereinafter contained, the Bank agrees to make Loans (which may be either Domestic Loans, Quoted Eurodollar Loans or Daily Eurodollar Loans, or any combination) to the Borrower, from time to time from the date hereof to the Termination Date, at such times and in such amounts as the Borrower shall request, in the aggregate not in excess of Bank's Commitment or such lesser amount as is determined in accordance with Section 1.
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AMOUNT OF REVOLVING CREDIT. The Bank hereby agrees, subject to the terms and conditions of this Agreement, to make, continue, and convert Revolving Loans to ▇▇▇▇▇▇ and TDI as follows: (a) The Bank will, subject to the terms and conditions of this Agreement, make one or more Revolving Loans to ▇▇▇▇▇▇ and TDI from time to time on and after the date of this Agreement through and including the Termination Date, in an aggregate principal amount not to exceed Ten Million Dollars ($10,000,000.00) outstanding at any one time (Revolving Credit). All issued Standby Letters of Credit, whether issued at the request of ▇▇▇▇▇▇, Interstate or TDI, shall be included in the calculation of the unpaid aggregate principal outstanding and shall reduce the amount of the Revolving Loans available dollar for dollar. ▇▇▇▇▇▇ and TDI may borrow, prepay, and reborrow such maximum amount of credit; provided, however, that except as otherwise provided in this Agreement, ▇▇▇▇▇▇ and TDI may prepay any Libor Rate Loan only on the last day of the applicable Interest Period for such Loan. The Companies may from time to time, upon not less than three (3) Business Days' prior notice made by telegraph, Telex or telephone and confirmed in a writing delivered to the Bank, terminate or reduce permanently, the commitment of the Bank to make Revolving Loans pursuant to this Section 2.1(a) hereof by the amount of Five Hundred Thousand Dollars ($500,000.00) or any integral multiple thereof; provided that ▇▇▇▇▇▇ and TDI shall immediately pay to the Bank the amount, if any, by which the aggregate principal amount of such Revolving Loans outstanding plus the stated amount of the Standby Letters of Credit exceeds such reduced commitment of the Bank at that time. If, however, after giving effect to any such payment any Libor Rate Loans would be prepaid prior to the end of their respective Interest Periods, the notice of the termination or permanent reduction in the commitment of the Bank to make Revolving Loans pursuant to Section 2.1(a) shall be deemed to be ▇▇▇▇▇▇ and TDI's request that such termination or reduction be effective on the last day of such Interest Periods. (b) Each Revolving Loan that is made as or converted into a Prime Rate Loan shall be made or converted on such Business Day and in such amount (equal to One Hundred Thousand Dollars ($100,000.00) or any integral multiple thereof) as ▇▇▇▇▇▇ or TDI, jointly or individually, shall request by written notice given to the Bank no later than 11:00 a.m. (Cleveland, Ohio ti...
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Related to AMOUNT OF REVOLVING CREDIT

  • Repayment of Revolving Credit Advances The Borrower shall repay to the Agent for the ratable account of the Lenders on the Termination Date the aggregate principal amount of the Revolving Credit Advances then outstanding and all other unpaid Obligations.

  • Repayment of Revolving Credit Loans The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.

  • The Revolving Credit Subject to the terms and conditions of this Agreement and in reliance upon the representations and warranties of the Credit Parties contained herein, each Revolving Lender severally and not jointly agrees to make Loans to the Borrower (each such Loan, a “Revolving Loan”) from time to time on any Business Day during the period from the Restatement Effective Date through the Final Availability Date, in an aggregate amount not to exceed at any time outstanding the amount set forth opposite such Lender’s name in Schedule 1.1(b) under the heading “Revolving Loan Commitments” (such amount as the same may be reduced or increased from time to time in accordance with this Agreement, being referred to herein as such Lender’s “Revolving Loan Commitment”); provided, however, that, the Lenders shall be under no obligation to fund any requested Borrowing of Revolving Loans to the extent that such requested Borrowing, if funded, would cause the aggregate principal amount of all outstanding Revolving Loans to exceed the Maximum Revolving Loan Balance. Subject to the other terms and conditions hereof, amounts borrowed under this subsection 1.1(b) may be repaid and reborrowed from time to time. The “Maximum Revolving Loan Balance” from time to time will be the lesser of:

  • Revolving Credit Upon and subject to the terms and conditions of the Credit Agreement and the other provisions of this Note, Maker may borrow, repay and reborrow against this Note at any time unless and until a Default or Event of Default has occurred which the Payee has not declared to have been fully cured or waived, and (except as the Credit Agreement or any of the other Credit Documents may otherwise provide) there is no limit on the number of advances against this Note so long as the total unpaid principal of this Note at any time outstanding does not exceed the Payee's Lender Commitment. Interest on the amount of each advance against this Note shall be computed on the amount of the unpaid balance of that advance from the date it is made until the date it is repaid. If Maker's right (if any) to borrow against this Note shall ever lapse because of the occurrence of any Default or Event of Default, it shall not be reinstated (or construed from any course of conduct or otherwise to have been reinstated) unless and until the Payee shall declare in a signed writing that it has been cured or waived. The unpaid principal balance of this Note at any time shall be the total of all principal lent against this Note to Maker or for Maker's account less the sum of all principal payments and permitted prepayments on this Note received by the Payee. Absent manifest error, the Payee's computer records shall on any day conclusively evidence the unpaid balance of this Note and its advances and payments history posted up to that day. All loans and advances and all payments and permitted prepayments made on this Note may be (but are not required to be) endorsed by the Payee on the schedule attached hereto (which is hereby made a part hereof for all purposes) or otherwise recorded in the Payee's computer or manual records; provided, that the Payee's failure to make notation of (a) any principal advance or accrual of interest shall not cancel, limit or otherwise affect Maker's obligations or the Payee's rights with respect to that advance or accrual, or (b) any payment or permitted prepayment of principal or interest shall not cancel, limit or otherwise affect Maker's entitlement to credit for that payment as of the date of its receipt by the Payee.

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