Examples of Class B Revolving Loan in a sentence
On or prior to the first date upon which any Class B Revolving Lender makes a Class B Revolving Loan to Company pursuant to Section 2.1(a)(ii), each Class B Lender hereby agrees to appoint an agent to act in accordance with the terms hereof and the other Credit Documents (the “Class B Agent”).
Notwithstanding anything herein to the contrary, on any Credit Date with respect to a Credit Extension of a Class B Revolving Loan, Company may without further action on the part of Company distribute the proceeds of such Class B Revolving Loan to Holdings so long as no Class B Borrowing Base Deficiency or Class A Borrowing Base Deficiency has occurred or would result therefrom (a “Borrower Distribution”).
The Non-Interested Directors, having considered, inter alia, the rationale for the Potential Transfer of Controlling Interest to the Undertaking Shareholders as set out in paragraph 4 of this Circular, are of the opinion that the Potential Transfer of Controlling Interest to the Undertaking Shareholders is in the best interests of the Company.
Notwithstanding anything herein to the contrary, on LEGAL_US_E # 152147085.3152147085.12 any Credit Date with respect to a Credit Extension of a Class B Revolving Loan, Company may without further action on the part of Company distribute the proceeds of such Class B Revolving Loan to Holdings so long as no Class B Borrowing Base Deficiency or Class A Borrowing Base Deficiency has occurred or would result therefrom (a “Borrower Distribution”).
On and after the Amendment No. 1 Closing Date, no Class B Revolving Loan may be requested and no Class B Revolving Loan shall be funded unless the Class A Revolving Commitment have been fully funded and no availability exists thereunder.