Examples of Offshore Revolving Loan Commitments in a sentence
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.
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.
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.
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.
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.
No consent of any Lender (other than any Revolving Lender providing the increase to the Revolving Loan Commitments) is required to effectuate 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 and the Offshore Sublimits) pursuant to this subsection 2.1A(vi) or the aforesaid amendment.
On the Third Restatement Date, “Offshore Revolving Loans” outstanding and “Offshore Revolving Loan Commitments” under the Second Amended and Restated Credit Agreement are hereby continued as outstanding Offshore Revolving Loans in Dollars and Offshore Revolving Loan Commitments hereunder, respectively.
Offshore Borrower shall from time to time prepay the Additional Offshore Revolving Loans, if any, to the extent necessary so that the Total Utilization of Additional Offshore Revolving Loan Commitments shall not at any time exceed the Additional Offshore Revolving Loan Commitments then in effect.
Any such partial reduction of the Multicurrency Revolving Loan Commitments, the US Revolving Loan Commitment 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.