A Revolving Loan Commitment definition
Examples of A Revolving Loan Commitment in a sentence
The Pro Rata Share of the Tranche A Revolving Loan of any Tranche A Revolving Lender shall not at any time exceed its separate Tranche A Revolving Loan Commitment.
Each note shall be in the principal amount of the Tranche A Revolving Loan Commitment of the applicable Tranche A Revolving Lender, dated the Closing Date and substantially in the form of Exhibit 1.1(a)(iv) (each a "Tranche A Revolving Note" and, collectively, the "Tranche A Revolving Notes").
Accrued Letter of Credit Fees shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December of each year and on the date upon which the Total Tranche A Revolving Loan Commitment shall be terminated.
Accrued U.S. Commitment Fees shall be due and payable in arrears on each Quarterly Payment Date and the date upon which the Total A Revolving Loan Commitment is terminated.
Accrued Letter of Credit Fees shall be due and payable quarterly in arrears on each Quarterly Payment Date and upon the first day after the termination of the Total A Revolving Loan Commitment upon which no Letters of Credit remain outstanding.
Except as provided in the immediately preceding sentence, accrued Facing Fees shall be due and payable quarterly in arrears on each Quarterly Payment Date and upon the first day after the termination of the Total A Revolving Loan Commitment upon which no Letters of Credit remain outstanding.
In the case of any termination of the A Revolving Loan Commitment, the B Revolving Loan Commitment and/or the Acquisition Loan Commitment of any Bank pursuant to this Section 2.02(b), there shall occur automatic adjustments (as determined by the Administrative Agent) in the A RL Percentages, B RL Percentages and/or Acquisition Commitment Percentages, as the case may be, of the remaining Banks.
Promptly after receipt of the Borrowing/ Conversion/Continuation Notice under Section 2.8 in respect of Tranche A Revolving Loans, the Administrative Agent shall notify each Lender with a Tranche A Revolving Loan Commitment, of the requested Tranche A Revolving Loan.
The commitment fee shall be payable in arrears on each Payment Date hereafter, and, in addition, on any date on which the Tranche A Revolving Loan Commitment, the Tranche B Revolving Loan Commitment, the Tranche C Revolving Loan Commitment or the Tranche D Revolving Loan Commitment, as applicable, shall be terminated in whole or, with respect to such terminated amount, in part.
All insurance proceeds which are to be made available to Borrower to replace, repair, restore or rebuild the Collateral shall be applied by Agent to reduce the outstanding principal balance of the Tranche A Revolving Loan (which application shall not result in a permanent reduction of the Tranche A Revolving Loan Commitment) and upon such application, Agent shall establish a Reserve against the Tranche A Borrowing Base in an amount equal to the amount of such proceeds so applied.