Examples of Fixed Rate Revolving Loan in a sentence
The Requisite Lenders hereby waive the application of Section 2.16(a) with respect to any Breakage Event that may occur as a result of any Fixed Rate Revolving Loan outstanding under the Existing Credit Agreement immediately prior to the Restatement Date being repaid on the Restatement Date.
Each such notice shall be effective upon receipt by the Agent, shall specify the amount of the borrowing, the Type of Revolving Loan (Base Rate, CD Rate, or Eurodollar Rate if such Revolving Loan is requested in Dollars, or Offshore Rate if such Revolving Loan is requested in an Alternative Currency), the date of borrowing, if a Fixed Rate Revolving Loan, the Interest Period to be used in the computation of interest, and if an Offshore Rate Loan, the applicable Alternative Currency.
Each such notice shall be effective upon receipt by the Agent, shall specify the amount of the affected Fixed Rate Revolving Loan, the Type of Revolving Loan, and, if a Continuation as or Conversion into a Fixed Rate Revolving Loan, the Interest Period to be used in the computation of interest.
The Borrower shall not be entitled to elect to Continue any Revolving Loan as or Convert any Revolving Loan into a Fixed Rate Revolving Loan if a Default or Event of Default shall have occurred and be continuing.
Convert any Base Rate Revolving Loan to a Fixed Rate Revolving Loan on any Business Day.
The Requisite Lenders (as defined below) hereby waive the application of Section 2.16(a) of the Credit Agreement with respect to any Breakage Event that may occur as a result of any Fixed Rate Revolving Loan outstanding under the Credit Agreement immediately prior to the Effective Date being repaid on the Effective Date.