Examples of Original Revolving Credit Loans in a sentence
On the First Amendment Effective Date, all Original Revolving Credit Loans were repaid in full.
Any Lender holding Original Revolving Credit Loans and Original Revolving Credit Commitments immediately prior to the effectiveness of this Amendment that is not a New Revolving Credit Lender is referred to herein as an “Exiting Lender”.
The aggregate principal amount of each Borrowing of Original Revolving Credit Loans shall be in a minimum amount of at least the Minimum Borrowing Amount, if any, for such Type of Loans and in a multiple of $100,000 in excess thereof (except that Revolving Credit Loans used to reimburse a Letter of Credit Issuer with respect to any Unpaid Drawing shall be made in the amounts required by Section 3.3 or Section 3.4).
More than one (1) Borrowing may be incurred on any date; provided that at no time shall there be outstanding more than (i) six (6) Borrowings of Term SOFR Loans that are Original Revolving Credit Loans and (ii) three (3) Borrowings of Term SOFR Loans for each additional Class of Loans.
As of June 6, 2001, the aggregate outstanding principal balance of such Original Revolving Credit Loans was $116,000,000.
Original Revolving Credit Loans may be BA Rate Loans or Canadian Prime Rate Loans, as further provided herein.
The Borrower shall repay to the Administrative Agent, for the ratable account of the Appropriate Lenders, on the Revolving Commitment Maturity Date the aggregate principal amount of all of the Original Revolving Credit Loans outstanding on such date.
On the Revolving Credit Maturity Date, all Original Revolving Credit Loans shall be repaid in full.
Pursuant to the Original Loan Agreement, Lenders extended, among other things, the Original Term B Loan and the Original Revolving Credit Loans to the Original Borrowers.
This Agreement shall not constitute a novation of the Original Revolving Credit Loans; any such Original Revolving Credit Loans outstanding shall for all purposes constitute Revolving Credit Loans under this Agreement.