Revolving Credit Facilities. (a) Each Revolving Credit Lender agrees to extend credit under each Series of Revolving Credit Facility for which it has a Revolving Credit Commitment, in each case pursuant to which, and upon the terms and subject to the conditions herein set forth:
(i) each Revolving Credit Lender severally agrees to make Revolving Credit Ratable Loans to the Borrower in accordance with Section 2.2; and
(ii) each Revolving Credit Lender may, in its sole discretion, make bids to make Competitive Bid Loans to the Borrower in accordance with Section 2.3.
(b) The Revolving Credit Facilities shall be subject to the following limitations:
(i) In no event shall the sum of (i) the aggregate principal amount of all outstanding Revolving Credit Loans (including Revolving Credit Ratable Loans and Competitive Bid Loans) plus (ii) the aggregate amount of Letter of Credit Obligations at any time exceed the Aggregate Revolving Credit Commitment at such time.
(ii) With respect to each Series of Revolving Credit Facility, in no event shall the sum of (i) the aggregate principal amount of all outstanding Revolving Credit Ratable Loans of such Series, plus (ii) the aggregate principal amount of Competitive Bid Loans made under the Revolving Credit Commitments of such Series, plus (iii) the Series Revolving Credit Ratable Share of Letter of Credit Obligations at any time exceed the aggregate amount of Revolving Credit Commitments of such Series at such time.
(iii) In no event shall the outstanding principal amount of all outstanding Competitive Bid Advances exceed the Competitive Bid Sublimit.
(c) Subject to the terms hereof, each Series of Revolving Credit Facility is available from the Amendment No. 2 Effective Date to the Revolving Credit Facility Termination Date applicable to such Series of Revolving Credit Facility. The Revolving Credit Commitments of any Series or portion of the Revolving Credit Commitments thereunder will expire on the Revolving Credit Facility Termination Date applicable to such Series or portion of the Revolving Credit Commitments thereunder.
(d) With respect to any Series of Revolving Credit Facility, the Revolving Credit Commitment of a Revolving Credit Declining Lender thereunder shall expire on its Revolving Credit Declining Lender’s Termination Date applicable thereunder unless, prior thereto, such Revolving Credit Declining Lender elects, with the approvals of the Administrative Agent and each Issuing Bank (such approvals not to be unreasonably withheld or d...
Revolving Credit Facilities. Where the lender agrees to lend up to an approved limit. The borrower can withdraw any amount up to that limit and repay as and when required. Interest is only payable on the amount withdrawn for the period withdrawn. ☑ LEGAL MORTGAGE/CHARGE This secures a loan against a property at Land Registry and prevents the borrower dealing with the mortgaged asset while it is subject to the mortgage. ☑ DEBENTURE This is a type of loan agreement used for corporate lending and can be registered at Companies House.
Revolving Credit Facilities. 19 2.1 Revolving Credit Commitments ............................................................................19 2.2 Fees ........................................................................................................................19 2.3 Revolving Credit Loan Requests ...........................................................................20 2.4 Making Revolving Credit Loans ............................................................................21 2.5 Revolving Credit Note ...........................................................................................21 2.6
Revolving Credit Facilities. 21 SECTION 2.1 Amount and Terms of Credit.........................................................21 SECTION 2.2 Procedure for Advances of Revolving Credit Loans...................................22 SECTION 2.3
Revolving Credit Facilities. 2.1 Revolving Credit Commitments. ----------------------------
Revolving Credit Facilities. If you have a Revolving Credit Facility and your Facility Account balance (excluding uncleared funds) is less than the amount which would be owing at that time if all required Instalments from the commencement date of the Facility have been paid on the due date, you may redraw the difference. Payments made to and from your Facility Account after the last day of the monthly statement will change the redraw amount available from time to time. Notwithstanding the above, the ability to redraw funds under your Facility is not available to you during any Fixed Rate Period of the Facility.
Revolving Credit Facilities. The definition of "Revolving Credit Facilities" in Section 1.01 of the Credit Agreement is hereby amended to read in its entirety as follows:
Revolving Credit Facilities. 2 Section 2.01. The Commitments 2 Section 2.02. Types and Amount of Revolving Credit Advances 2 Section 2.03. Manner of Borrowing 2 Section 2.04. Repayment of Principal 3 Section 2.05. Payment of Interest 3 Section 2.06. Optional Prepayment 4 Section 2.07. Funding Indemnities 4 Section 2.08. Revolving Notes 5 ARTICLE III CHANGE IN CIRCUMSTANCES 5 Section 3.01. Increased Costs 5 Section 3.02. Illegality 7 Section 3.03. Unavailability of LIBOR Advances 8 ARTICLE IV FEES; PAYMENTS; REDUCTION ANDINCREASE OF COMMITMENTS 9 Section 4.01. Fees 9 Section 4.02. Manner of Payments 9 Section 4.03. Extension of Payments 10 Section 4.04. Computation of Interest and Fees 10 Section 4.05. Reduction, Increase and Termination of the Commitments 10 Section 4.06. Intentionally Omitted. 11
Revolving Credit Facilities. 2.1 Revolving Loan Commitments, Revolving Credit Loans....
Revolving Credit Facilities. Subject to the terms and conditions of this Loan Agreement, the Banks hereby establish (i) Revolving Credit Facility A in favor of the Borrowers in the principal amount of One Hundred Seventy Five Million Dollars ($175,000,000) and (ii) Revolving Credit Facility B in favor of the Borrowers in the principal amount of Twenty Five Million Dollars ($25,000,000). Pursuant to the Revolving Credit Facilities, the Borrowers may obtain Revolving Credit Loans and/or Letters of Credit pursuant to, and subject to the terms and conditions set forth in, this Loan Agreement for the purposes set forth in Sections 2.5A and 2.7 hereof. The Revolving Credit Facilities are subject to the following terms and conditions:
