Examples of Class A Revolving Commitments in a sentence
The Administrative Agent, acting for this purpose as an agent of the Company, shall maintain at its Principal Office a register for the recordation of the names and addresses of the Class A Revolving Lenders and the Class A Revolving Commitments and Class A Revolving Loans of each Class A Revolving Lender from time to time (the “Class A Register”).
Thereafter Letter of Credit Participations in any newly-issued Letters of Credit shall be allocated in accordance with each Revolving Lender’s Applicable Percentage of the Total Revolving Commitments (including both the Class A Revolving Commitments and the Class B Revolving Commitments from time to time in effect).
The Administrative Agent, acting for this purpose as an agent of the Company, shall maintain at its Principal Office a register for the recordation of the names and addresses of the Class A Lenders and the Class A Revolving Commitments and Class A Revolving Loans of each Class A Lender from time to time (the “Class A Register”).
On and after the Amendment No. 5 Effective Date, participations in Letters of Credit shall be allocated in accordance with each Revolving Lender’s Applicable Percentage of the Total Revolving Commitment (including both Class A Revolving Commitments and Class B Revolving Commitments) and pro rata between Class A Revolving Commitments and Class B Revolving Commitments.
On and after the Amendment No. 5 Effective Date, all Borrowings of Revolving Loans under Section 2.1(a)(iv) shall be made pro rata between the Class A Revolving Facility and the Class B Revolving Facility in proportion to the Total Class A Revolving Commitments and Total Class B Revolving Commitments.
Any reduction of the Total Revolving Commitment of any tranche pursuant to this Section 2.12 shall be applied pro rata in accordance with each Lender’s Tranche Revolving Commitment Percentage to reduce the Revolving Commitment of each such Lender under such tranche of Revolving Commitments; provided that any such reduction made prior to the Stated Maturity applicable to the Class A Revolving Commitments shall be applied pro rata among the Class A Revolving Commitments and the Class B Revolving Commitments.
During the Class A Revolving Commitment Period, the Borrower may use the Class A Revolving Commitments by borrowing, prepaying the Class A Revolving Loans in whole or in part, and reborrowing, all in the accordance with the terms and conditions hereof.
Thereafter, until the Termination Date with respect to the Class A Revolving Commitments, the participations in any new Letters of Credit shall be allocated ratably in accordance with the Lenders’ respective pro rata shares of the Total Revolving Commitments.
For the avoidance of doubt, all distributions under this Section 2.05(hf) shall be made to each Lender with a Class A Revolving Commitment pro rata based on each such Lender’s Applicable Percentage of the Totalall Class A Revolving Commitments without regard to the Class of the Revolving Commitments held by such Lender.
For purposes of this paragraph (b), the Class A Revolving Commitments and Class C Revolving Commitments shall be deemed to be a single Class.