Revolving Loan Payments Sample Clauses

Revolving Loan Payments. Interest on the Revolving Loan shall be payable, in arrears, on the first day of each month for advances bearing interest at the Revolving Note LIBOR Rate, on the last day of the Loan Period applicable thereto for such portions of the advances that are a LIBOR Rate Loan, and when such Revolving Loan is due (whether by reason of acceleration or otherwise). The principal of the Revolving Loan shall be due and payable in full on the Revolver Commitment Termination Date.
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Revolving Loan Payments. (a) With respect to each Revolving Loan included as part of the Purchased Collateral, as of any date of determination prior to the occurrence of a Termination Event or Unmatured Termination Event, Collections from the Obligor on such Revolving Loan shall be shared and applied proportionately as between any balance outstanding in connection with the Retained Interest and the Outstanding Asset Balance of such Revolving Loan purchased by the Buyer under and in accordance with Section 2.1 hereof in accordance with the percentages determined as follows: (a) in the case of the Seller, by dividing (i) the outstanding principal amount of the advances made in connection with the Retained Interest by (ii) the sum of all advances previously made in connection with the Revolving Loan; and (b) in the case of the Buyer, by dividing (i) the Outstanding Asset Balance of such Revolving Loan by (ii) the sum of all advances previously made in connection with the Revolving Loan.
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Revolving Loan Payments. With respect to each Revolving Loan included as part of the Asset Pool, as of any date of determination, (a) the outstanding principal amount of the Retained Advances (if any) and (b) the Outstanding Loan Balance of such Revolving Loan funded by the Purchaser under and in accordance with Section 2.1 hereof shall share all Collections from the Obligor on such Revolving Loan and any and all Recoveries with respect to any Related Property in an amount equal to the percentage equivalent of the following fraction: (a) the numerator of which is equal to, as applicable, (i) the outstanding principal amount of the Retained Advances (if any) as to such Revolving Loan, or (ii) the Outstanding Loan Balance of such Revolving Loan, and (b) the denominator of which is the sum of (i) the outstanding principal amount of the Retained Advances (if any) as to such Revolving Loan, and (ii) the Outstanding Loan Balance of such Revolving Loan. Notwithstanding the foregoing or anything to the contrary contained herein or any Transaction Document, any payments made by any Hedge Counterparty, at any time, pursuant to the terms of the Hedge Agreements shall be solely for the benefit of the Deal Agent and the Secured Parties, and shall not be subject to the pro rata sharing provisions of this Section 11.17; in furtherance of the foregoing clause (b) of this paragraph, the Originator hereby releases any 98 104 right, title, or interest it may have in or to any payment made or to be made at any time by any Hedge Counterparty pursuant to the terms of any Hedge Agreement.
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Revolving Loan Payments. The Borrower shall repay the principal amount of all then-outstanding Revolving Loans on the Revolving Loan Maturity Date. The Borrower shall pay accrued interest on the unpaid principal amount of each Revolving Loan in arrears (i) in the case of a Base Rate Loan, on the last Business Day of each March, June, September and December, (ii) in the case of a LIBOR Loan, on the last day of each Interest Period applicable to such Revolving Loan (and, if any such Interest Period is longer than three
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Revolving Loan Payments. (a) With respect to each Revolving Loan included as part of the Purchased Collateral, the Buyer will own only the principal portion of such Loans outstanding as of the applicable Cut–Off Date that is included in the Purchased Collateral. Collections from the Obligor on such Revolving Loan will be allocated first to the portion of such Loan owned by the Seller, its Affiliate special purpose entities under the Warehouse Facilities, any co-lenders under such facility and portions owned by the issuers in a Term Transaction (or any similar future transactions entered into after the date hereof); provided that if (i) a payment default occurs, or an event of default occurs (without waiver) with respect to any of the related Loans, or an Insolvency Event with respect to the related Obligor , (ii) the Servicer has determined that the creditworthiness of the Obligor under such related Loan has deteriorated such that it materially and adversely affects the value of such related Loan or has reduced in a material manner the likelihood of repayment in full thereunder, (iii) the Seller has determined in its sole discretion to reduce or terminate its commitment to an Obligor, or (iv) a Termination Event or Unmatured Termination Event occurs, then at such time and all times thereafter, Collections received on
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Revolving Loan Payments. The Current Defaults include the existence of the Overadvance. Borrowers shall reduce the amount of the Overadvance of this letter agreement) by paying on or prior to June 15, 1999, the sum of $50,000.00. The amount of the Maximum Overadvance shall be correspondingly reduced by $50,000.00 on June 15, 1999.
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Revolving Loan Payments. Company shall have paid to all Lenders having outstanding Revolving Loan Commitments immediately prior to the Third Amendment Effective Date, all accrued and unpaid interest, Letter of Credit Fees and Commitment Fees, to the Third Amendment Effective Date.
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Revolving Loan Payments 
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Related to Revolving Loan Payments

  • Revolving Loan Prepayments (i) In the event of the termination of all the Revolving Commitments, Borrower shall, on the date of such termination, repay or prepay all its outstanding Revolving Borrowings and all outstanding Swingline Loans and replace all outstanding Letters of Credit or cash collateralize all outstanding Letters of Credit in accordance with the procedures set forth in Section 2.18(i).

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • Prepayments of Revolving Credit Advances The Borrower ---------------------------------------- may, upon notice at least two Business Days' prior to the date of such prepayment, in the case of Eurodollar Rate Advances, and not later than 12:00 noon (New York City time) on the date of such prepayment, in the case of Base Rate Advances, to the Agent stating the proposed date and aggregate principal amount of the prepayment, and if such notice is given the Borrower shall, prepay the outstanding principal amount of the Revolving Credit Advances comprising part of the same Revolving Credit Borrowing in whole or ratably in part, together with accrued interest to the date of such prepayment on the principal amount prepaid; provided, however, that (x) each partial prepayment shall be in -------- ------- an aggregate principal amount of $10,000,000 or an integral multiple of $1,000,000 in excess thereof and (y) in the event of any such prepayment of a Eurodollar Rate Advance, the Borrower shall be obligated to reimburse the Lenders in respect thereof pursuant to Section 8.04(c).

  • Revolving Loan Commitments Lender will make loans to Borrower on a revolving basis (“Revolving Loans”) from time to time and Borrower may repay such loans from time to time until the Termination Date in such amounts as Borrower may request from Lender; provided, that after giving effect to such Revolving Loans, the Revolving Loans outstanding will not at any time exceed the Borrowing Availability.

  • Revolving Loan Borrowings (i) Each Revolving Loan Borrowing shall be made on notice, given not later than (x) 12:00 noon (New York City time) on the third (3rd) Business Day prior to the date of a Eurodollar Rate Borrowing, and (y) 10:00 A.M. (New York City time) on the day of a Base Rate Borrowing, by the Borrower to the Administrative Agent, which shall give to each Lender prompt notice thereof by telecopier, telex, cable or electronic mail. Each notice of a Revolving Loan Borrowing (a “Notice of Revolving Loan Borrowing”) shall be made in the form of a written Loan Notice, or orally and confirmed immediately in writing, by telecopier, telex, cable or electronic mail, in the form of a written Loan Notice, specifying therein the requested (i) date of such Revolving Loan Borrowing (which shall be a Business Day), (ii) Type of Revolving Loan comprising such Revolving Loan Borrowing, (iii) aggregate amount of such Revolving Loan Borrowing and (iv) in the case of a Revolving Loan Borrowing comprised of Eurodollar Rate Loans, the Interest Period for each such Revolving Loan. Each Lender shall (A) before 11:00 A.M. (New York City time) on the date of such Borrowing (in the case of a Eurodollar Rate Borrowing) and (B) before 1:00 P.M. (New York City time) on the date of such Borrowing (in the case of a Base Rate Borrowing), make available for the account of its applicable Lending Office to the Administrative Agent at the Administrative Agent’s Account in same day funds, such Lender’s ratable portion of such Borrowing (based upon its Applicable Revolving Credit Percentage). After the Administrative Agent’s receipt of such funds and upon fulfillment of the applicable conditions set forth in Section 4.02, the Administrative Agent will make such funds available to the Borrower in such manner as the Administrative Agent and the Borrower may agree; provided, however, that the Administrative Agent shall first make a portion of such funds equal to the aggregate principal amount of any Swing Loan and Letter of Credit Loans as to which the Borrower has received timely notice made by the Swing Loan Bank or the Issuing Bank, as the case may be, and by any other Lender and outstanding on the date of such Revolving Loan Borrowing, plus interest accrued and unpaid thereon to and as of such date, available to the Swing Loan Bank or the Issuing Bank, as the case may be, and such other Lenders for repayment of such Swing Loans and Letter of Credit Loans.

  • Term Loan Advances Subject to Section 2.3(b), the principal amount outstanding for each Term Loan Advance shall accrue interest at a floating per annum rate equal to the Prime Rate, plus three-quarters of one percent (0.75%), which interest shall be payable monthly in accordance with Section 2.1.2(b) above and Section 2.3(d) below.

  • Term Loan The Borrower may, upon notice from the Borrower to the Administrative Agent, at any time or from time to time voluntarily prepay the Term Loan in whole or in part together with the applicable Prepayment Premium; provided that (A) such notice must be received by the Administrative Agent not later than 11:00 a.m. (1) three Business Days prior to any date of prepayment of LIBOR Rate Loans and (2) on the date of prepayment of Base Rate Loans; (B) any such prepayment of LIBOR Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); (C) any prepayment of Base Rate Loans shall be in a principal amount of $500,000 or a whole multiple of $100,000 in excess thereof (or, if less, the entire principal amount thereof then outstanding); and (D) any prepayment of the Term Loan shall be applied in the inverse order of maturity with respect to the remaining amortization payments. Each such notice shall specify the date and amount of such prepayment and the Type(s) of Loans to be prepaid. The Administrative Agent will promptly notify each Lender of its receipt of each such notice, and of the amount of such Lender’s Applicable Percentage of such prepayment. If such notice is given by the Borrower, the Borrower shall make such prepayment and the payment amount specified in such notice shall be due and payable on the date specified therein. Any prepayment of a LIBOR Rate Loan shall be accompanied by all accrued interest on the amount prepaid, together with any additional amounts required pursuant to Section 3.05. On the date of any voluntary prepayment of any Term Loan pursuant to this Section 2.05(a)(ii), the Borrower shall pay to the Administrative Agent, for the benefit of the Lenders, whether before or after an Event of Default, the applicable Prepayment Premium. Subject to Section 2.15, each such prepayment shall be applied to the Loans of the Lenders in accordance with their respective Applicable Percentages.

  • Revolving Loan Commitment Each Lender with a Revolving Loan Commitment agrees to make loans on a revolving basis (“Revolving Loans”) from time to time until the Termination Date in such Lender’s Pro Rata Share of such aggregate amounts as the Company may request from all Lenders; provided that the Revolving Outstandings will not at any time exceed Revolving Loan Availability.

  • Revolving Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

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