Examples of Extending Revolving Credit Lenders in a sentence
For purposes of determining withholding Taxes imposed under FATCA, from and after the Effective Date, the Borrower and the Administrative Agent shall treat (and the Extending Revolving Credit Lenders and the Incremental Revolving Credit Lenders hereby authorize the Administrative Agent to treat) the Extended Revolving Credit Loans as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
The Extending Revolving Credit Lenders shall promptly notify the Administrative Agent as to the effectiveness of each such Extension Amendment.
Upon the foregoing repayment to the Non-Extending Revolving Credit Lenders, the Agent shall distribute to the Extending Revolving Credit Lenders and the Borrowers a revised Annex II (giving effect to the new Percentages resulting therefrom and from any assignments relating thereto), and all outstanding Advances of the Revolving Credit (if any) shall be reallocated among the Extending Revolving Credit Lenders based on such new Percentages.
Furthermore, such repayments and terminations required to be made to the Non-Extending Revolving Credit Lenders on the Non-Extended Revolving Credit Maturity Date shall not be subject to the pro rata sharing provisions of this Agreement (vis-à-vis) the Extending Revolving Credit Lenders, including without limitation Sections 10.1(a) and 10.3 hereof, unless the Revolving Credit Maturity Date for all of the Revolving Credit Lenders has occurred on or before such date.
The Borrower shall repay the aggregate amount of any Additional Revolving Credit Loans or Extended Revolving Credit Loans to the Administrative Agent on the maturity date to be agreed by the Borrower and the relevant Additional Revolving Credit Lenders or relevant Extending Revolving Credit Lenders, as applicable.
Extending Revolving Credit Lenders and Non-Extending Term Loan Lenders.
All staff (including supply staff, volunteers and governors) must ensure that they are aware of these procedures.
If such conditions precedent are not satisfied on October 5, 2012 or to the extent the participations in the outstanding Letters of Credit of the Non-Extending Revolving Credit Lenders cannot be fully reallocated to the Extending Revolving Credit Lenders, the participations of the Non-Extending Revolving Credit Lenders in the outstanding Letters of Credit shall be cash collateralized by the Borrower.
Any accrued and unpaid interest on Revolving Credit Loans outstanding immediately prior to the Sixth Amendment Effective Date, accrued to, but not including, the Sixth Amendment Effective Date, shall be paid in full in cash on the Sixth Amendment Effective Date (the “Interest Prepayment”), it being understood and agreed that interest shall accrue for the account of the Extending Revolving Credit Lenders from and after the Sixth Amendment Effective Date.
Borrower may, by written notice to Administrative Agent (who shall promptly notify the 20232024 Extending Revolving Credit Lenders) not earlier than 120 days and not later than 30 days prior to each annual anniversary of the Second Amendment Effective Date, request that the then-existing Maturity Date be extended for an additional one year; provided, however, that any such request may be made only once during each such 90-day period.