Maximum Revolving Credit Amount

Maximum Revolving Credit Amount. Shall mean, subject to Section 2.18, as of any date of determination, the lesser of (a) $60,000,000 and (b) the amount to which the Maximum Revolving Credit Amount may have been reduced pursuant to Section 2.14 hereof; provided that if the obligation of the Lenders to make further Revolving Credit Advances is terminated upon the occurrence of an Event of Default, the Maximum Revolving Credit Amount as of any date of determination thereafter shall be deemed to be $0. For the purposes of... determining the Maximum Revolving Credit Amount Revolving Credit Advances denominated in an Alternative Currency shall be converted into the U.S. Dollar equivalent as of the date of such determination. View More

Maximum Revolving Credit Amount. On any date of determination thereof, an amount equal to the sum of (a) the lesser of (i) the Revolving Borrowing Base Amount at such time and (ii) $25,000,000 less permanent reductions in the Total Commitment under the Revolving Credit Agreement (other than in connection with a refinancing in total of the Bank Debt and other than a reduction or termination occurring after an Event of Default), PLUS (b) $2,500,000.

Maximum Revolving Credit Amount. Shall mean as of any date of determination, the lesser of (a) the applicable amount set forth below (as each such amount may be reduced from time to time pursuant to the mandatory reduction requirements of Section 4.1(c)): Effective Date – July 1, 2001 $ 72,000,000 July 2, 2001 – August 1, 2001 $ 87,000,000 August 2, 2001 – December 29, 2001 $ 100,000,000 ... December 30, 2001 – January 26, 2002 $ 87,000,000 January 27, 2002 – February 23, 2002 $ 67,000,000 February 24, 2002 – March 30, 2002 $ 47,000,000 March 31, 2002 – April 28, 2002 $ 29,000,000 April 29, 2002 – June 2, 2002 $ 47,000,000 June 3, 2002 – June 30, 2002 $ 65,500,000 July 1, 2002 – July 28, 2002 $ 75,500,000 ; or (b) the amount to which the Maximum Revolving Credit Amount may have been reduced pursuant to Section 2.12; provided that if the obligations of the Lenders to make further Loans is terminated upon the occurrence of an Event of Default, the Maximum Revolving Credit Amount as of any date of determination thereafter shall be deemed to be $0. Notwithstanding anything to the contrary set forth above, the Borrowers, the Agent and the Required Lenders shall, on or before August 1, 2002, agree in writing to Maximum Revolving Credit Amounts for all periods beginning August 1, 2002 through the Revolving Credit Termination Date. In the event the parties fail to agree on such Maximum Revolving Credit Amounts on or before August 1, 2002, the Maximum Revolving Credit Amount shall be deemed to be $0 as of August 1, 2002. View More