Offshore Revolving Loan Commitments definition
Examples of Offshore Revolving Loan Commitments in a sentence
However, an assignment of a Revolving Loan Commitment shall automatically constitute an assignment of a pro rata portion of the assigning Lender’s Offshore Revolving Loan Commitments to the assignee and Offshore Revolving Loan Commitments may not be otherwise assigned.
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.
Any such partial reduction of the Revolving Loan Commitments or the Offshore Revolving Loan Commitments shall be in an aggregate minimum amount of $5,000,000, and integral multiples of $1,000,000 in excess of that amount.
Any such partial reduction of the Revolving Loan Commitments, the Term Loan Commitments or the Offshore Revolving Loan Commitments shall be in an aggregate minimum amount of $5,000,000, and integral multiples of $1,000,000 in excess of that amount.
Each Lender’s Offshore Revolving Loan Commitment shall expire on the Revolving Loan Commitment Termination Date and all Offshore Revolving Loans and all other amounts owed hereunder with respect to the Offshore Revolving Loans and the Offshore Revolving Loan Commitments shall be paid in full no later than that date.
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.
If the total amount that Responding Revolving Lenders are willing to increase their Revolving Loan Commitments by exceeds the amount of the requested increase, Administrative Agent shall allocate the proposed increase (and the ratable increase to the Offshore Revolving Loan Commitments) among the Responding Revolving Lenders.
The Offshore Revolver Dollar Sublimit Amount shall be reduced by the Dollar amount of any such reduction to the Offshore Revolving Loan Commitments (determined at the time of such reduction).
However, an assignment of a Multicurrency Revolving Loan Commitment shall automatically constitute an assignment of a pro rata portion of the assigning Lender’s Offshore Revolving Loan Commitments to the assignee and Offshore Revolving Loan Commitments may not be otherwise assigned.
Only the consent of each Increasing Revolving Lender and Administrative Agent shall be required for an increase in the aggregate principal amount of Revolving Loan Commitments (and the ratable increase in the aggregate principal amount of the Offshore Revolving Loan Commitments) pursuant to this subsection 2.1A(iv).