Examples of Tranche 1 Revolving Loans in a sentence
The Borrower shall pay to the Tranche 1 Revolving Lenders amounts payable, if any, to such Lenders under Section 5.4. as a result of the prepayment of any such Tranche 1 Revolving Loans.
Subject to the terms and conditions set forth in this Agreement, including without limitation, Section 2.16., each Tranche 1 Revolving Lender severally and not jointly agrees to make Tranche 1 Revolving Loans in a Tranche 1 Currency to the Borrower during the period from and including the Effective Date to but excluding the Revolving Termination Date, in an aggregate principal amount at any one time outstanding up to, but not exceeding, such Tranche 1 Revolving Lender’s Tranche 1 Revolving Commitment.
Within the foregoing limits and subject to the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow Tranche 1 Revolving Loans.
Nothing in this Section 2.4(e) shall be deemed to relieve any Bank from its obligation to make Tranche 1 Revolving Loans on the terms and conditions set forth herein, and each Borrower shall retain any and all rights it may have against any Bank resulting from the failure of such Bank to make such Tranche 1 Revolving Loans under this Section 2.4(e).
In addition to borrowings of Tranche 1 Revolving Loans, at any time during the period from the Effective Date to but excluding the Revolving Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from any two Ratings Agencies, the Borrower may, as set forth in this Section, request the Tranche 1 Revolving Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars.
Notwithstanding the immediately preceding two sentences but subject to Section 2.16., a borrowing of Tranche 1 Revolving Loans may be in the aggregate amount of the unused Tranche 1 Revolving Commitments.
On the Closing Date, the Tranche 1 Revolving Loans shall be available only for the issuance of Letters of Credit.
Each Bank’s Tranche 1 Revolving Commitment shall expire on the Tranche 1 Revolving Commitment Termination Date and all Tranche 1 Revolving Loans and all other amounts owed hereunder with respect to the Tranche 1 Revolving Loans and the Tranche 1 Revolving Commitments shall be paid in full no later than such date.
Each Tranche 1 Revolving Loan shall be made as part of a Borrowing consisting of Tranche 1 Revolving Loans made by the Tranche 1 Revolving Lenders ratably in accordance with their respective Tranche 1 Revolving Commitments.
If at any time the aggregate principal amount of all outstanding Tranche 1 Revolving Loans, Swingline Loans and Bid Rate Loans, together with the aggregate amount of all Letter of Credit Liabilities, exceeds the aggregate amount of the Tranche 1 Revolving Commitments (except due to Currency fluctuations which is governed by clause (iii) below), the Borrower shall immediately upon demand pay to the Administrative Agent for the account of the Tranche 1 Revolving Lenders, the amount of such excess.