Settlement Among Lenders. (a) The amount of each Revolving Lender’s Applicable Percentage of outstanding Revolving Loans shall be computed on each Business Day (or less frequently in Administrative Agent’s discretion but no less frequently than weekly) and shall be adjusted upward or downward based on all Revolving Loans and repayments of Revolving Loans received by Administrative Agent as of 3:00 p.m. on such Business Day (or the first Business Day (such date, the “Settlement Date”) following the end of the period specified by Administrative Agent).
Appears in 4 contracts
Samples: Credit Agreement (e.l.f. Beauty, Inc.), Credit Agreement (e.l.f. Beauty, Inc.), Credit Agreement (e.l.f. Beauty, Inc.)
Settlement Among Lenders. (a) The amount of each Revolving Credit Lender’s Applicable Revolving Credit Percentage of outstanding Revolving Credit Loans shall be computed on each Business Day weekly (or less more frequently in the Administrative Agent’s discretion but no less frequently than weeklydiscretion) and such amount shall be adjusted upward or downward based on all Revolving Credit Loans and repayments of Revolving Credit Loans received by the Administrative Agent as of 3:00 p.m. P.M. on such Business Day (or the first Business Day (such date, the “Settlement Date”) following the end of the period specified by the Administrative Agent).
Appears in 4 contracts
Samples: Credit Agreement (Ascent Industries Co.), Credit Agreement (Lifecore Biomedical, Inc. \De\), Assignment and Assumption (Landec Corp \Ca\)
Settlement Among Lenders. (a) The amount of each Revolving Credit Lender’s Applicable Revolving Credit Percentage of outstanding Revolving Credit Loans shall be computed on each Business Day weekly (or less more frequently in the Administrative Agent’s discretion but no less frequently than weeklydiscretion) and such amount shall be adjusted upward or downward based on all Revolving Credit Loans and repayments of Revolving Credit Loans received by the Administrative Agent as of 3:00 p.m. on such Business Day (or the first Business Day (such date, the “Settlement Date”) following the end of the period specified by the Administrative Agent).
Appears in 4 contracts
Samples: Credit Agreement (Purple Innovation, Inc.), Credit Agreement (Matrix Service Co), Credit Agreement (Matrix Service Co)
Settlement Among Lenders. (a) The amount of each Revolving Credit Lender’s Applicable Percentage of outstanding Revolving Credit Loans shall be computed on each Business Day weekly (or less more frequently in the Administrative Agent’s discretion but no less frequently than weeklydiscretion) and such amount shall be adjusted upward or downward based on all Revolving Credit Loans and repayments of Revolving Credit Loans received by the Administrative Agent as of 3:00 p.m. on such Business Day (or the first Business Day (such date, the “Revolving Credit Settlement Date”) following the end of the period specified by the Administrative Agent).
Appears in 2 contracts
Samples: Credit Agreement (Intrepid Potash, Inc.), Credit Agreement (Intrepid Potash, Inc.)
Settlement Among Lenders. (a) The amount of each Revolving Credit Lender’s Applicable Percentage of outstanding Revolving Credit Loans shall be computed on each Business Day weekly (or less more frequently in the Administrative Agent’s discretion but no less frequently than weeklydiscretion) and such amount shall be adjusted upward or downward based on all Revolving Credit Loans and repayments of Revolving Credit Loans received by the Administrative Agent as of 3:00 p.m. on such Business Day (or the first Business Day (such date, the “Settlement Date”) following the end of the period specified by the Administrative Agent).
Appears in 1 contract
Settlement Among Lenders. (a) The amount of each Revolving Lender’s 's Applicable Percentage of outstanding Revolving Loans shall be computed on each Business Day weekly (or less more frequently in Administrative Agent’s discretion but no less frequently than weekly's discretion) and shall be adjusted upward or downward based on all Revolving Loans and repayments of Revolving Loans received by Administrative Agent as of 3:00 p.m. on such Business Day (or the first Business Day (such date, the “"Settlement Date”") following the end of the period specified by Administrative Agent).
Appears in 1 contract
Samples: Credit and Security Agreement (Katy Industries Inc)
Settlement Among Lenders. (a) The a)The amount of each Revolving Credit Lender’s Applicable Percentage of outstanding Revolving Credit Loans shall be computed on each Business Day weekly (or less more frequently in the Administrative Agent’s discretion but no less frequently than weeklydiscretion) and such amount shall be adjusted upward or downward based on all Revolving Credit Loans and repayments of Revolving Credit Loans received by the Administrative Agent as of 3:00 p.m. P.M. on such Business Day (or the first Business Day (such date, the “Settlement Date”) following the end of the period specified by the Administrative Agent).
Appears in 1 contract
Samples: Credit Agreement (Ferroglobe PLC)