Revolving Commitment Amount Clause Samples
The Revolving Commitment Amount clause defines the maximum principal amount that a lender agrees to make available to a borrower under a revolving credit facility. In practice, this clause sets a cap on the total outstanding loans and letters of credit that can be drawn at any one time, and may be subject to periodic adjustments or reductions as specified in the agreement. Its core function is to establish clear borrowing limits, thereby managing the lender’s risk exposure and providing the borrower with certainty regarding the available credit.
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Revolving Commitment Amount. If at any time after the Closing Date, the sum of the aggregate principal amount of outstanding Loans shall exceed the aggregate Revolving Commitment Amount then in effect, the Borrowers immediately shall prepay the Loans in an amount sufficient to eliminate such excess (such prepayment to be applied as set forth in clause (vii) below).
Revolving Commitment Amount. The Credit Parties hereby acknowledge and agree that the Revolving Commitment Amount has been reduced to $10,658,000 pursuant to Section 6.1 of the Credit Agreement due to the Mandatory Prepayment Event described in Section 6.2(B)(i)(e) thereof.
Revolving Commitment Amount. The amount of each Lender’s Revolving Commitment shall remain the same and is set forth on the signature pages to this Amendment.
Revolving Commitment Amount. The definition of Revolving Commitment Amount set forth in Section 1.1 of the Credit Agreement is hereby amended and restated in its entirety to read as follows: Revolving Commitment Amount means $10,000,000, as reduced or increased from time to time pursuant to Section 6.1 or 6.4.
Revolving Commitment Amount. On the Third Amendment Effective Date, the Revolving Commitments of each Extending Revolving Lender shall be exchanged for new Revolving Commitments that are equal to the Revolving Commitments of such Extending Revolving Lender immediately prior to the Third Amendment Effective Date, less an amount equal to, i. $22,500,000 (the “Revolver Commitment Reduction”), multiplied by
Revolving Commitment Amount. The Aggregate Revolving Commitment is hereby reduced to $25,000,000, and, as a result of the foregoing reduction, (i) the Revolving Commitment of HNB shall hereafter be $15,625,000, (ii) the Revolving Commitment of JPMorgan Chase Bank, N.A., successor by merger to Bank One, N.A. (Main Office Columbus) shall hereafter be $9,375,000, and (iii) the amounts set forth on the signature pages to the Credit Agreement shall be replaced with the foregoing amounts.
Revolving Commitment Amount. The definition of Revolving Commitment Amount in Section 1.1 of the Credit Agreement is hereby deleted in its entirety and the new definition is hereby inserted as follows:
Revolving Commitment Amount. The definition of Revolving Commitment Amount set forth in Section 1.1 of the Credit Agreement is hereby amended by deleting the phrase “pursuant to Section 6.1 or 6.4” and replacing it with the phrase “pursuant to Section 6.1 or 6.5”.
Revolving Commitment Amount. The Revolving Commitment shall be $30,000,000.00, subject to permanent reduction pursuant to Section 2.12 of the Credit Agreement.
Revolving Commitment Amount. The Company may, from time to time, by means of a letter delivered to the Administrative Agent substantially in the form of EXHIBIT U, request that the U.S. Revolving Commitment Amount be increased to up to $150,000,000; PROVIDED that (x) any such increase in the U.S. Revolving Commitment Amount shall be in the amount of $5,000,000 or a higher integral multiple thereof and (y) the aggregate amount of all such increases shall not exceed $50,000,000.