Examples of Multicurrency Revolving Credit Loan in a sentence
Each Multicurrency Revolving Credit Lender may, at its option, make any Multicurrency Revolving Credit Loan denominated in an Alternative Currency available to any Designated Borrower that is a Foreign Subsidiary by causing any foreign or domestic branch or Affiliate of such Lender to make such Loan; provided that any exercise of such option shall not affect the obligation of such Designated Borrower to repay such Loan in accordance with the terms of this Agreement.
If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Multicurrency Revolving Credit Loan included in the relevant Multicurrency Revolving Credit Borrowing or funded participation in the relevant Swing Line Loan, as the case may be.
Each Multicurrency Revolving Credit Lender shall make the amount of such Multicurrency Revolving Credit Loan available to the Administrative Agent at the Funding Office in immediately available funds, not later than 10:00 A.M., New York City time, one Business Day after the date of such notice.
Notwithstanding the provisions of Section 2.1 of the Credit Agreement, during the Restructuring Period the Borrowers agree that the Lenders shall not be obligated to advance any Alternate Currency Loan or any Multicurrency Revolving Credit Loan, but instead any request for such an advance will be honored only in the discretion of each Alternate Currency Lender or Multicurrency Revolving Credit Lender.
If such Revolving Credit Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving Credit Lender’s Multicurrency Revolving Credit Loan or USD Revolving Credit Loan, as applicable, included in the relevant Revolving Credit Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be.