Examples of Extended Revolving Credit Lenders in a sentence
On and after the 2022 Non-Extended Revolving Credit Maturity Date, the 2022 Extended Revolving Credit Lenders will be required, in accordance with their Revolving Credit Commitment Percentage, to fund Revolving Credit Loans and Revolving L/C Borrowings in respect of Unpaid Drawings arising on or after such date; provided that the Revolving Credit Exposure of each 2022 Extended Revolving Credit Lender does not exceed its 2022 Extended Revolving Credit Commitment.
The Borrowers hereby grant to the Administrative Agent, for the benefit of the L/C Issuers and the Extended Revolving Credit Lenders, a security interest in all such cash, deposit accounts and all balances therein and all proceeds of the foregoing.
The Administrative Agent shall notify the Extended Revolving Credit Lenders of any such additional L/C Issuer.
For purposes hereof, “Cash Collateralize” means to pledge and deposit with or deliver to the Administrative Agent, for the benefit of the relevant L/C Issuer and the Extended Revolving Credit Lenders, as collateral for the L/C Obligations, cash or deposit account balances (“Cash Collateral”) pursuant to documentation in form and substance reasonably satisfactory to the Administrative Agent and the relevant L/C Issuer (which documents are hereby consented to by the Lenders).
Each of the Extended Revolving Credit Lenders, the L/C Issuers, the Swing Line Lender and the Administrative Agent acknowledge and agree that this Amendment is made in connection with a Revolving Extension Offer made by the Borrowers in accordance with Section 2.16 of the Credit Agreement.
The Borrowers, the Guarantors, the Administrative Agent and the 2021 Extended Revolving Credit Lenders agreed to amend and restate in its entirety the Original Credit Agreement pursuant to a certain Amended and Restated Credit Agreement, dated as of March 22, 2021, under which, among other things, the 2021 Extended Revolving Credit Lenders agreed to extend credit to the Initial Borrower in the form of 2021 Extended Revolving Credit Commitments in an aggregate principal amount equal to $167,500,000.
The 2021 Extended Revolving Credit Lenders have agreed to extend credit to the Initial Borrower in the form of 2021 Extended Revolving Credit Commitments in an aggregate principal amount equal to $167,500,000, on the terms and subject to the conditions set forth herein.
The Administrative Agent (or its counsel) shall have received counterparts of this Amendment, duly executed by (A) each Loan Party, (B) the Consenting Term Lenders, (C) the Extended Revolving Credit Lenders, (D) the Additional Extended Term Lender, (E) the Administrative Agent, (F) the L/C Issuers and (G) the Swing Line Lender, in the case of Term Lenders, prior to 5:00 p.m., New York City time on November 13, 2019 (the “Consent Deadline”).
Upon the ABL Credit Facility Effective Date (as defined in the Engagement Letter (as defined below)), and without any further action of any party hereto, the Extended Revolving Credit Commitments in effect immediately prior to the ABL Credit Facility Effective Date (as defined in the Engagement Letter (as defined below)) will be reduced to $425,000,000 in the aggregate with such reduction applied on a ratable basis among the Extended Revolving Credit Lenders.
The Administrative Agent (or its counsel) shall have received counterparts of this Amendment, duly executed by (A) each Loan Party, (B) the Extended Revolving Credit Lenders, (C) the Administrative Agent, (D) the L/C Issuers, (E) the Swing Line Lender and (F) each Non-Extended Assigning Lender.