Examples of Offshore Revolving Loan in a sentence
Each Offshore Revolving Loan made in accordance with the foregoing shall be made as a Base Rate Loan.
On the day such Offshore Revolving Loans are made or such participations are purchased, such Offshore Overdraft Account Provider’s Pro Rata Share of the Offshore Overdraft Amount being refunded shall be deemed to be paid with the proceeds of an Offshore Revolving Loan made by such Offshore Overdraft Account Provider and such portion of the Offshore Overdraft Amount deemed to be so paid shall no longer be outstanding.
Each Offshore Borrower hereby unconditionally promises to pay to the Lenders the then unpaid principal amount of each Offshore Revolving Loan of such Lender made to such Offshore Borrower on or before the Revolving Loan Commitment Termination Date or such earlier date on which such Offshore Revolving Loans become due and payable pursuant to Section 7.
Prior to the termination of the Revolving Loan Commitments and Offshore Revolving Loan Commitments, Revolving Loans may not be assigned without a concurrent assignment of the Revolving Loan Commitment (in at least the amount of such assigned Revolving Loan) to the assignee of the Loan.
Anything contained in this Agreement to the contrary notwithstanding, Administrative Agent shall have no any liability arising from (i) confirmations of the amount of outstanding Loans or the Letter of Credit Usage or the component amounts thereof or (ii) failure for any reason whatsoever to deliver a Loan Limitation Notice or notice thereof to any Lender pursuant to subsection 2.1E(v) in connection with any Offshore Revolving Loan requested by any Offshore Borrower hereunder.
Notwithstanding anything in this Agreement to the contrary, no Lender shall make or be obligated to make a Revolving Loan or an Offshore Revolving Loan if it shall have received notification of a delivery of a Loan Limitation Notice to a Borrower with respect to such Revolving Loan or Offshore Revolving Loan from Administrative Agent on or prior to the first Business Day immediately preceding the proposed Funding Date for such Revolving Loan or Offshore Revolving Loan.
Except as provided in the next succeeding sentence for Lenders designating a UK Lending Office, each Lender shall make the amount of its Term Loan, Revolving Loan or Offshore Revolving Loan available to Administrative Agent, in Same Day Funds, at the Domestic Funding and Payment Office not later than 12:00 noon (New York time) on the Funding Date.
Examples of methods of shipping which would qual- ify as transportation include F.O.B. (Free on Board) destination, C.I.F. (Cost, Insurance, Freight), Ex Ship, and Ex Quay, but do not include C.
Such termination or partial reduction of any of the Offshore Revolving Loan Commitments or the Revolving Loan Commitments shall be effective on the date specified in the notice delivered by Borrowers’ Agent and shall reduce the applicable Offshore Revolving Loan Commitment or the Revolving Loan Commitment, as the case may be, of each Lender proportionately to its Pro Rata Share.
In the event that a Lender assigns the full amount of its Term Loans and Revolving Loans, its Revolving Loan Commitments and its other Obligations and such Lender has an Offshore Revolving Loan Commitment, any outstanding Offshore Revolving Loans at the time of such assignment, such Lender must also assign the full amount of such Offshore Revolving Loans to an Eligible Assignee and the full amount of such Offshore Revolving Loan Commitment in accordance with the terms of this paragraph.