Examples of Existing Revolving Credit Loan in a sentence
Borrowers have requested that Lenders provide a revolving credit facility to consolidate and increase the Existing Revolving Credit Loan and the Existing Acquisition Loan into a single revolving credit facility, and to provide other financial accommodations, and Lenders are willing to do so on the terms and conditions set forth herein.
The Administrative Agent shall have received evidence reasonably satisfactory to it that the Existing Revolving Credit Loan and the Existing Swingline Loan, all accrued and unpaid interest thereon, any associated breakage costs, and all accrued and unpaid commitment fees and letter of credit commissions owing by the Borrower under the Existing Facility have been paid in full.
The Bank shall have no further obligation to make any advances or other payments to the Borrower or any other Person pursuant to the Existing Revolving Credit Loan and all future advances in accordance with the Revolving Credit Loan shall be made pursuant to this Agreement.
Mansfeld (eds.) Tourism, Crime and International Security Issues.
Use the proceeds of the Credit Extensions to refinance and consolidate the Existing Revolving Credit Loan and the Existing Acquisition Term Loan, for working capital and other corporate purposes not in contravention of any Law or of any Loan Document; provided, however, that, unless the Required Lenders otherwise consent thereto in writing, not more than an aggregate amount of $10,000,000 in Loan proceeds may be used to finance Permitted Acquisitions.
The Administrative Agent shall have received evidence reasonably satisfactory to it that the Existing Revolving Credit Loan, all accrued and unpaid interest thereon, any associated breakage costs, and all accrued and unpaid commitment fees and letter of credit commissions owing by the Borrower under the Existing Facility have been paid in full.
Notwithstanding the termination of the Existing Revolving Credit Loan, the Bank's first priority security interest in all of the Borrower's business assets shall remain perfected and in full force and effect and the Security Agreement shall be deemed an amendment to and replacement of any existing security agreement between the Borrower and the Bank.
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As of the Closing Date, each Existing Revolving Credit Loan shall constitute, for all purposes of this Agreement and the other Loan Documents, a Revolving Credit Loan issued and outstanding hereunder.
On the Effective Date, any Lender that is a lender under the Existing Credit Agreement shall make a Revolving Credit Loan to the Borrower by converting all of the outstanding principal amount of any Existing Revolving Credit Loan held by such Lender into a Revolving Credit Loan in a principal amount equal to the aggregate principal amount of the Existing Revolving Credit Loans so converted (each such Existing Term Loan, a “Converted Existing Revolving Credit Loan”).