Extending Revolving Credit Commitments definition

Extending Revolving Credit Commitments has the meaning set forth in ‎Section 2.16(b).

Examples of Extending Revolving Credit Commitments in a sentence

• Upon such designation such Letter of Credit shall no longer be deemed to be issued and outstanding under such prior Class and shall instead be deemed to be issued and outstanding under such Class of Extending Revolving Credit Commitments or Other Revolving Credit Commitments.

• No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan Tranche amended into Extending Term Loans or any of its Revolving Credit Commitments amended into Extending Revolving Credit Commitments, as applicable, pursuant to any Extension Request.

• Each Revolver Extension Series of Extending Revolving Credit Commitments incurred under this ‎Section 2.16 shall be in an aggregate principal amount that is not less than $5,000,000.

• The Extending Revolving Credit Commitments shall terminate on the respective maturity dates applicable thereto.

• The Revolving Credit Commitments (other than any Extending Revolving Credit Commitments) shall terminate on the applicable Maturity Date.

• If you do not so accept this Agreement by such time, your Extending Revolving Credit Commitments set forth in this Agreement shall be deemed cancelled.

• Each Extending Revolving Credit Lender also agrees that the Applicable Margin, Commitment Fee Rate and other provisions set forth on Annex I attached hereto shall be applicable to its Extending Revolving Credit Commitments.

• For the avoidance of doubt, the amendment to Section 7.2.10 [Maximum Leverage Ratio] of the Credit Agreement contained herein shall become effective upon Required Lender approval if less than $400,000,000 of Extending Revolving Credit Commitments are offered to the Borrower and the Borrower elects to close the Fourth Amendment without accepting the Extending Revolving Credit Commitments.

• Each Revolver Extension Series of Extending Revolving Credit Commitments incurred under this Section 2.16 shall be in an aggregate principal amount that is not less than $5,000,000.

• In the event the Extending Revolving Credit Commitments shall have expired or been terminated, the Applicable Percentages shall be determined on the basis of the Extending Revolving Credit Commitments most recently in effect, but giving effect to any assignments pursuant to Section 9.04.