Examples of Increasing Revolving Credit Lender in a sentence
Notwithstanding anything herein to the contrary, no Revolving Credit Lender shall have any obligation hereunder to become an Increasing Revolving Credit Lender and any election to do so shall be in the sole discretion of each Revolving Credit Lender.
Each Increasing Revolving Credit Lender and Added Revolving Credit Lender with respect to increases of the Revolving Credit Commitments, (i) shall be deemed to have assumed such portion of such Revolving Credit Outstandings and funded Participations and (ii) shall fund to each other Revolving Credit Lender on the Increased Commitment Date the amount of Revolving Credit Outstandings and funded Participations assigned to it by such Lender.
Upon the effectiveness of any Revolving Accession Agreement to which any Increasing Revolving Credit Lender is a party, such Increasing Revolving Credit Lender shall thereafter be deemed to be a party to this Agreement and shall be entitled to all rights, benefits and privileges, and subject to all obligations, of a Revolving Credit Lender hereunder.
Revolving Credit Commitment Increases shall become effective on the date specified in the Notice of Increase delivered pursuant to this paragraph (but not prior to, for any Increasing Revolving Credit Lender that is not already a Revolving Credit Lender, execution and delivery by such Increasing Revolving Credit Lender of a Revolving Accession Agreement).
Increasing Revolving Credit Lender has caused this Commitment Increase Agreement to be duly executed and delivered by its proper and duly authorized officer as of the day and year first above written.
The Act designate areas within a radius of 100 meters (m) and 300 m from the “protected property” as “protected area” and “controlled area” respectively.
The Borrowers hereby irrevocably authorize each New Revolving Credit Lender and/or each Increasing Revolving Credit Lender to fund to the Agent the payment required to be made pursuant to the immediately preceding sentence for application to the reduction of the outstanding Revolving Credit Advances held by the other Revolving Credit Lenders, and each such payment shall constitute a Revolving Credit Advance hereunder.
The Administrative Agent shall have received an opinion of Vxxxxx Price P.C., counsel to the Obligors, dated such date or dates and covering such matters as the Administrative Agent or the New Revolving Credit Lenders or the Increasing Revolving Credit Lender may reasonably request (and the Borrowers hereby instruct counsel to deliver such opinion to the New Revolving Credit Lenders and the Increasing Revolving Credit Lender and the Administrative Agent).
On the terms and subject to the satisfaction (or waiver) of the conditions set forth in Section III hereof, each Increasing Revolving Credit Lender agrees to provide Increased Revolving Credit Commitments equal to the amount specified by such Increasing Revolving Credit Lender in its Lender Consent (subject to Syndication Adjustments), in each case, on the Restatement Date.
As well, the ΔSL descriptor reaches the minimum values when MN12SX and N12SX density functionals are used in the calculations.