Maximum Revolving Credit Line definition

Maximum Revolving Credit Line means Sixty-Five Million Dollars ($65,000,000) less the Gross Availability Reductions.
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Maximum Revolving Credit Line has the meaning specified in clause (a) of the definition of Availability.
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Maximum Revolving Credit Line contained in Section 1.1 of the Agreement is hereby amended in its entirety to read as follows:
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Examples of Maximum Revolving Credit Line in a sentence

  • The Agent, in its discretion, may elect to allow the limits of the Available Revolving Facility Amount to be exceeded on one or more occasions, provided that the Agent may never exceed the Maximum Revolving Credit Line.

  • The Aggregate Exposure shall at no time exceed the Maximum Revolving Credit Line and if at any time this limit is exceeded as a consequence of currency fluctuations, the Borrowers shall provide cash cover in an amount equal to such excess.

  • Ideal may, by not less than 30 days' prior written notice to the Agent, request that the Maximum Revolving Credit Line be increased from L60,000,000 to L80,000,000.

  • Subject to the terms and conditions of this Agreement, the Lenders shall make available to the Borrowers a revolving credit facility (the “Revolving Facility”) of up to the Maximum Revolving Credit Line.

  • In addition, and without limiting the generality of the foregoing, the Borrower shall pay to the Agent, for the account of the Lenders, in accordance with their respective Pro Rata Shares, on demand, the amount by which (i) the unpaid principal balance of the Revolving Loans plus the L/C Reserve at any time exceeds the Borrowing Base or (ii) the unpaid balance of Revolving Loans plus the L/C Reserve at any time exceeds the Maximum Revolving Credit Line, at such time.


More Definitions of Maximum Revolving Credit Line

Maximum Revolving Credit Line means Fifty Million Dollars ($50,000,000) less the Gross Availability Reductions.
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Maximum Revolving Credit Line means Two Million Five Hundred Thousand Dollars ($2,500,000).
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Maximum Revolving Credit Line means Sixty-Five Million Dollars ($65,000,000) less the Gross Availability Reductions."
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Maximum Revolving Credit Line. The definition of "Maximum Revolving Credit Line" is hereby amended in its entirety to read as follows:
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Maximum Revolving Credit Line means Twenty-Five Million and No/100 Dollars ($25,000,000.00).
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Maximum Revolving Credit Line means $50,000,000 as the same may be reduced in accordance with Section 11 of the Loan Agreement.
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Maximum Revolving Credit Line the maximum amount which is available under this Agreement; being L60,000,000 or, if the Agent has received a notice in accordance with Clause 2.7 and the period referred to in Clause 2.7 has expired, L80,000,000 (or such other amount as may be agreed between the Agent and Ideal from time to time); NET AMOUNT OF ELIGIBLE ACCOUNTS: the gross amount of Eligible Accounts less sales, excise or similar taxes, and less returns, discounts, claims, credits and allowances of any nature at any time issued, owing, granted, outstanding, available or claimed in respect of such Eligible Accounts;
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