Examples of Existing Revolving Loan in a sentence
On the Second Restatement Effective Date and upon the effectiveness of this Agreement, the Outstanding Existing Revolving Loan Balance shall constitute Revolving Credit Loans hereunder owing to the Lenders for all purposes of this Agreement and the other Loan Documents.
On the Effective Date, the Outstanding Existing Revolving Loan Balance shall be continued, for all purposes of this Agreement, as Revolving Loans (as such term is defined below) hereunder.
If any such extension of the Existing Revolving Loan Commitment Termination Date shall not become effective, then the Revolving Loan Commitment shall reduce to zero on the Existing Revolving Loan Commitment Termination Date, and the Revolving Loan Commitment Termination Date shall remain the Existing Revolving Loan Commitment Termination Date.
If the Revolving Loan Lender shall not have provided notice of its extension of the Existing Revolving Loan Commitment Termination Date 60 days prior thereto, the Revolving Loan Lender shall be deemed to have declined to extend the Existing Revolving Loan Commitment Termination Date.
The Revolving Loan Lender will notify the Borrower in writing of its decision no later than 60 days prior to the Existing Revolving Loan Commitment Termination Date.