Revolving Loans to Satisfy Reimbursement Obligations. Each drawing under any Letter of Credit shall constitute a request by the applicable Borrower to the Agent for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing. The Funding Date with respect to such Borrowing shall be the date of such drawing.
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Samples: Loan and Security Agreement (Eftc Corp/), Loan and Security Agreement (Worldtex Inc)
Revolving Loans to Satisfy Reimbursement Obligations. Each drawing under any Letter of Credit shall constitute a request by the applicable Borrower to the Agent for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing. The Funding Date with respect to such Borrowing borrowing shall be the date of such drawing.
Appears in 2 contracts
Samples: Loan and Security Agreement (Fruit of the Loom LTD), Loan and Security Agreement (Anchor Glass Container Corp /New)
Revolving Loans to Satisfy Reimbursement Obligations. Each ---------------------------------------------------- drawing under any Letter of Credit shall constitute a request by the applicable Borrower Borrowers to the Agent for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing. The Funding Date with respect to such Borrowing borrowing shall be the date of such drawing.
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Revolving Loans to Satisfy Reimbursement Obligations. Each drawing under any Letter of Credit shall constitute a request by the applicable Borrower to the Administrative Agent for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing. The Funding Date with respect to such Borrowing shall be the date of such drawing.
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Revolving Loans to Satisfy Reimbursement Obligations. Each drawing under any Letter of Credit shall constitute a request by the applicable Borrower to the Agent Lender for a Borrowing of a Base Rate Revolving Loan in the amount of such drawing. The Funding Date with respect to such Borrowing borrowing shall be the date of such drawing.
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