Existing Revolving Credit definition

Existing Revolving Credit. Agreement is defined in the third recital. Existing Revolving Credit Borrowers is define in the third recital. Existing Term Loan Agreement is defined in the second recital.

Existing Revolving Credit. AGREEMENT shall mean that certain Revolving Credit Agreement dated July 13, 1995, by and among Borrower, the banks party thereto and Mercantile Bank National Association as agent for the banks, as amended by that certain First Amendment to Revolving Credit Agreement dated October 3, 1996, and that certain Second Amendment to Revolving Credit Agreement dated April 14, 1997.

Existing Revolving Credit is defined in the Introduction to this Agreement.

Examples of Existing Revolving Credit in a sentence

• The terms and conditions of the Existing Revolving Credit Agreement are amended as set forth herein, and restated in their entirety and superseded by, this Agreement.

• Nothing in this Agreement shall be deemed to work a novation of any of the obligations under the Existing Revolving Credit Agreement.

• On the First Restatement Effective Date, all Existing Swingline Loans shall be deemed to be repaid (other than for purposes of Section 2.16 of the Existing Revolving Credit Agreement) and reborrowed as Swingline Loans by the applicable Borrower Party.

• Terms for which meanings are provided in the Existing Revolving Credit Agreement are, unless otherwise defined herein or the context otherwise requires, used in this Amendment with such meanings.

• Existing Revolving Credit Lenders should check one or more of the following, as applicable1: x The undersigned consents to the First Amendment.

• Agreement (a) On the date hereof, the “Commitments” as defined in the Existing Revolving Credit Agreement shall terminate, without further action by any party thereto.

• Each party hereto hereby agrees to the terms set forth in Sections 9.9(b), (c) and (d) of the Existing Revolving Credit Agreement, and such Sections are hereby incorporated by reference herein mutatis mutandis.

• The Supplier is not responsible for any damages caused by storage or operation of the Station or Products adversely to Supplier’s instructions for storage, operation and maintenance.

• On the Restatement Effective Date, all Existing Revolving Credit Commitments shall be terminated.

• For the avoidance of doubt, accrued commitment fees in respect of the Existing Revolving Credit Commitments shall be payable on the Restatement Effective Date.

More Definitions of Existing Revolving Credit

Existing Revolving Credit shall have the respective meanings ascribed thereto in the initial and introductory paragraph of this Agreement. Such terms, together with the other terms defined in Section 1.1, shall include both the singular and the plural forms thereof and shall be construed accordingly. Use of the terms "herein", "hereof", and "hereunder" shall be deemed references to this Agreement in its entirety and not to the Section or clause in which such term appears. References to "Sections" and "subsections" shall be to Sections and subsections, respectively, of this Agreement unless otherwise specifically provided.

Existing Revolving Credit. AGREEMENT shall mean that certain Revolving Credit Agreement dated June 16, 1997, by and among Borrower, the banks party thereto and Mercantile Bank National Association (now known as Firstar Bank Missouri, National Association), as agent for the banks.

Existing Revolving Credit. Commitments”) except as otherwise set forth in this Amendment. Notwithstanding anything to the contrary contained herein or in the Credit Agreement (as amended hereby), from and after the Amendment No. 4 Effective Date, the Existing Revolving Credit Commitments and the Incremental Revolving Credit Commitments shall constitute the Revolving Facility and a single borrowing of Revolving Credit Commitments for all purposes under the Credit Agreement (as amended hereby). Section 2.2 Effective Date Reallocation under the Revolving Facility. (a) On the Amendment No. 4 Effective Date, the Revolving Lenders holding Revolving Credit Commitments immediately prior to the Revolving Credit Commitment Increase given effect pursuant to this Amendment shall automatically and without further act assign to certain Revolving Lenders (including the Incremental Revolving Lenders), and certain Revolving Lenders (including the Incremental Revolving Lenders) shall purchase from the assigning Revolving Lenders holding Revolving Credit Commitments immediately prior to such Revolving Credit Commitment Increase, at the Original Dollar Amount thereof, such interests in the Revolving Loans outstanding on the Amendment No. 4 Effective Date as shall be necessary in order that, after giving effect to all such assignments and purchases, such Revolving Loans are held by the Revolving Lenders ratably in accordance with their Revolving Credit Commitments after giving effect to the addition of such Incremental Revolving Credit Commitments to the Revolving Credit Commitments. The requirements under Section 12.12 of the Credit Agreement and requirements in respect of minimum borrowing, pro rata borrowing and pro rata payment requirements contained elsewhere in the Credit Agreement shall not apply to the transactions effected pursuant to the immediately preceding sentence. (b) With effect from and including the Amendment No. 4 Effective Date and the increase in the Revolving Credit Commitments as contemplated hereby, each Revolving Lender (other than any Incremental Revolving Lender), immediately prior to such increase, will automatically and without further act be deemed to have assigned to each Incremental Revolving Lender, and each Incremental Revolving Lender will automatically and without further act be deemed to have assumed, a portion of such Revolving Lender’s participations under the Credit