Class A Revolving Loan definition

Class A Revolving Loan means a Loan made by a Class A Revolving Lender to Company pursuant to Section 2.1.
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Class A Revolving Loan means (a) each Revolving Loan outstanding under (and as defined in) the Existing Credit Agreement as of the Restatement Effective Date as to which the Lender is a Class A Lender and (b) a Loan made on or after the Restatement Effective Date pursuant to Section 2.01(a).
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Class A Revolving Loan each Revolving Loan made by a Class A Lender.
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Examples of Class A Revolving Loan in a sentence

  • The failure of any Class A Committed Lender to make Class A Revolving Loans hereunder shall not release the obligations of any other Class A Committed Lender (whether or not in the same Lender Group) to make Class A Revolving Loans hereunder, but no Class A Committed Lender shall be responsible for the failure of any other Class A Committed Lender to make any Class A Revolving Loan hereunder.

  • The failure of any Class A Revolving Committed Lender to make Class A Revolving Loans hereunder shall not release the obligations of any other Class A Revolving Committed Lender (whether or not in the same Class A Lender Group) to make Loans hereunder, but no Class A Revolving Committed Lender shall be responsible for the failure of any other Class A Revolving Committed Lender to make any Class A Revolving Loan hereunder.

  • Notwithstanding anything herein to the contrary, a Class A Revolving Lender shall not be obligated to fund any Class A Revolving Loan at any time if, after giving effect to such Class A Revolving Loan, the aggregate outstanding Class A Revolving Loans funded by such Class A Revolving Lender hereunder would exceed an amount equal to such Class A Revolving Lender’s Class A Revolving Committed Maximum Amount or Class A Revolving Conduit Maximum Amount, as applicable.

  • Additionally, the Class A Revolving Committed Lenders shall not be obligated to fund the amount of any excess of a requested Class A Revolving Loan over the Class A Revolving Maximum Amount.

  • The failure of any Class A Revolving Committed Lender to make Class A Revolving Loans hereunder shall not release the obligations of any other Class A Revolving Committed Lender to make Loans hereunder, but no Class A Revolving Committed Lender shall be responsible for the failure of any other Class A Revolving Committed Lender to make any Class A Revolving Loan hereunder.

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  • If the conditions precedent set forth in Section 5.2 can be satisfied, the Borrower may request a Class A Revolving Loan to repay Swing Line Lender, or, failing to make such request, the Borrower shall be deemed to have requested a Class A Revolving Loan of Prime Rate Loans on such payment date pursuant to subsection (f) below.

  • Whenever the Borrower desires that the Lenders make Revolving Loans, the Borrower shall deliver to the Facility Agent and the Class A Revolving Lenders, in the case of a Class A Revolving Loan, and the Class B Agent, in the case of a Class B Revolving Loan, a fully executed and delivered Funding Notice in accordance with Exhibit A (X) not later than 3:00 p.m. (New York Time) two (2) Business Days prior to the proposed Credit Date.

  • In the event all Class B Lenders are Electing Class B Lenders, each such Electing Class B Lender shall be entitled to purchase an amount of the Class A Obligations and the Class A Revolving Loan Commitments equal to the product of (A) the aggregate amount of all outstanding Class A Obligations and the Class A Revolving Loan Commitments and (B) such Electing Class B Lender’s Class B Pro Rata Share.

  • Each such request for borrowing shall be irrevocable and shall specify (A) that a Class A Revolving Loan or a Class B Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (D) whether the borrowing shall be comprised of Prime Rate Loans, Eurodollar Loans or a combination thereof, and if Eurodollar Loans are requested, the Interest Period(s) therefor.


More Definitions of Class A Revolving Loan

Class A Revolving Loan means a Revolving Credit Loan made by any Class A Revolving Lender pursuant to its Class A Revolving Commitment. “Class B Revolving Commitment” means (a) on or after Amendment No. 5 Effective Date, with respect to each Original Revolving Lender that is party to Amendment No. 5, the amount set forth on Schedule I-B to Amendment No. 5 opposite such Lender’s name as such Lender’s Commitment under the heading “Class B Revolving Commitments”, which Commitment shall terminate on the Revolving Maturity Date, as such Class B Revolving Commitment may be reduced from time to time pursuant to the terms hereof, (b) in the case of any Lender that receives an assignment of any portion of a Class B Revolving Commitment, the amount specified as such Lender’s “Class B Revolving Commitment” in the Assignment and Acceptance pursuant to which such Lender assumed a portion of the Total Class B Revolving Commitment, as such Class B Revolving Commitment may be reduced from time to time pursuant to the terms hereof and (c) in the case of any Class B Revolving Lender that increases its Class B Revolving Commitment or becomes an Incremental Revolving Credit Commitment Increase Lender, in each case pursuant to Section 2.14, the amount specified in the applicable Incremental Agreement, as such Class B Revolving Commitment may be reduced from time to time pursuant to the terms hereof. As of Amendment No. 5 Effective Date, the aggregate amount of the Class B Revolving Commitments outstanding is $170,000,000. “Class B Revolving Facility” means the revolving credit facility represented by the Class B Revolving Commitments. “Class B Revolving Lender” means (a) as of Amendment No. 5 Effective Date, each Original Revolving Credit Lender that is party to Amendment No. 5 and whose name and the aggregate principal amount of its Class B Revolving Commitment are set forth on Schedule 2 to Amendment No. 5 and (b) on or after Amendment No. 5 Effective Date, without duplication of clause (a) above as of Amendment No. 5 Effective Date, each Lender that holds a Class B Revolving Commitment. “Class B Revolving Loan” means a Revolving Credit Loan made by any Class B Revolving Lender pursuant to its Class B Revolving Commitment. “Code” means the Internal Revenue Code of 1986, as amended from time to time. “Collateral” means any and all assets, whether real or personal, tangible or intangible, on which Liens are purported to be granted pursuant to the Security Documents as security for the Secured Obliga...
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Class A Revolving Loan means a loan made by a Class A Lender to Company pursuant to
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Class A Revolving Loan means a Revolving Credit Loan made by any Class A Revolving Lender pursuant to its Class A Revolving Commitment. “Class A-1 Revolving Availability Period” means the period from and including the Class A Revolving Facility Termination Date to but excluding the Class A-1 Revolving Facility Termination Date.
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Class A Revolving Loan means a Loan made by a Class A Revolving Lender to the Borrower pursuant to Section 0. “Class A Revolving Maximum Amount” means the total Class A Revolving Committed Maximum Amounts and the total Class A Revolving Conduit Maximum Amounts, provided however, for greater certainty, that the Class A Revolving Maximum Amount shall not, at any given time, exceed Four Hundred and Fifty Million Dollars ($450,000,000). “Class A Undrawn Fee” means, [***] “Class B Agent” as defined in the preamble hereto. “Class B Applicable Margin” means [***] “Class B Base Margin” means [***] “Class B Borrowing Base” means, as of any day, an amount equal to the lesser of: (a) (i) the Applicable Class B Advance Rate, multiplied by the Aggregate Adjusted EPOB pertaining to Eligible Loan Assets at such time plus (ii) the aggregate amount of Collections in the Waterfall Account after giving effect to the application of available funds in accordance with Section 0 on the next following Distribution Date, minus (iii) the Total Utilization of Class A Revolving Maximum Amount; and (b) the total Class B Revolving Commitments on such day.
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Class A Revolving Loan means (a) each Revolving Loan outstanding under (and as defined in) the Existing Credit Agreement as of the Restatement Effective
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Class A Revolving Loan. A Revolving Loan funded or maintained by a Class A Lender.
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Related to Class A Revolving Loan

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Aggregate Revolving Loan Commitment means the combined Revolving Loan Commitments of the Lenders, which shall initially be in the amount of $20,000,000, as such amount may be reduced from time to time pursuant to this Agreement.

  • Incremental Revolving Loan has the meaning set forth in Section 2.14(b).

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Revolving Facility Loan means a Loan made by a Revolving Facility Lender pursuant to Section 2.01(b). Unless the context otherwise requires, the term “Revolving Facility Loans” shall include the Other Revolving Loans.

  • New Revolving Loans as defined in Section 2.25.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrowers.

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.

  • Revolving Loan Notes means with respect to any Borrower the promissory notes of such Borrower in favor of each Lender evidencing the Revolving Loans made to such Borrower and substantially in the form of Exhibit 2.7(a), as such promissory notes may be amended, modified, supplemented or replaced from time to time.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Tranche A Loans means the Loans made pursuant to the Tranche A Commitment.

  • Total Revolving Loan Commitment means, at any time, the sum of the Revolving Loan Commitments of each of the Lenders at such time.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.