Examples of Credit B Loan in a sentence
Each such notice shall specify (i) the principal amount of the Revolving Credit Loan requested and whether such request is for a Revolving Credit A Loan or a Revolving Credit B Loan, (ii) the proposed Drawdown Date of such Revolving Credit Loan, (iii) the Interest Period for such Revolving Credit Loan, and (iv) the Type of such Revolving Credit Loan.
The Borrower promises to pay on the Revolving Credit B Loan Maturity Date, and there shall become absolutely due and payable on the Revolving Credit B Loan Maturity Date, all of the Revolving Credit B Loans outstanding on such date, together with any and all accrued and unpaid interest thereon.
All funds advanced by any Revolving Bank as a Settling Bank pursuant to this ss.2.11 shall for all purposes be treated as a Revolving Credit A Loan or Revolving Credit B Loan, as the case may be, made by such Settling Bank to the Domestic Borrowers and all funds received by any Revolving Bank pursuant to this ss.2.11 shall for all purposes be treated as repayment of amounts owed with respect to Revolving Credit A Loans or Revolving Credit B Loans, as the case may be, made by such Revolving Bank.
If Banks holding at least 75% of the Revolver B Commitments consent to the extension by so notifying the Administrative Agent in writing 30 Business Days prior to the Initial Maturity Date (the "Extension Date"), the Revolving Credit B Loan Maturity Date shall be extended for 364 days from the Extension Date in respect of the Revolver B Commitments of such consenting Banks.
Each Revolving Credit B Loan to the Borrowers shall be denominated in Dollars.
Each request for a Revolving Credit B Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in Section 11 and Section 12, in the case of the initial Revolving Credit B Loans to be made on the Closing Date, and Section 12, in the case of all other Revolving Credit B Loans, have been satisfied on the date of such request.
Prior to the initial Advance under this Agreement, Borrower shall, under the Existing Agreement, have terminated the Line of Credit B Loan Commitments in whole in accordance with the terms of Section 2.3(c) of the Existing Agreement (giving effect to the waiver of the five day advance notice requirement set forth in Section 10.36 of this Agreement).
The Company may, provided that no Default or Event of Default has occurred and is continuing, by written notice to the Administrative Agent given not more than ninety (90) days nor less than sixty (60) days prior to the Revolving Credit B Loan Maturity Date in effect at any time (the "Initial Maturity Date") request that the Revolving Credit B Loan Maturity Date be extended to the date which is 364 days after the Initial Maturity Date.
Each request for a Revolving Credit B Loan hereunder shall constitute a representation and warranty by the Borrower that the conditions set forth in (S)10 and (S)11, in the case of the initial Revolving Credit B Loans to be made on the Closing Date, and (S)11, in the case of all other Revolving Credit B Loans, have been satisfied on the date of such request.
Borrower agrees to pay to the Agent for distribution to the Lenders (based on their respective Pro Rata Percentages) quarterly commitment fees ("COMMITMENT FEES") from the Closing Date to the Maturity Date, calculated using the then applicable rates per annum set forth in the definition of Applicable Margin, and applied to the daily average of the Line of Credit A Loan Commitments and the Line of Credit B Loan Commitments, respectively.