Examples of Priority Revolving Facility in a sentence
The accounts or records maintained by the Administrative Agent (or in the case of the Priority Revolving Facility, the Priority Revolving Agent) and each Lender shall be prima facie evidence absent manifest error of the amount of the Credit Extensions made by the Lenders to the Borrower and the interest and payments thereon.
If the Administrative Agent or the Priority Revolving Agent becomes subject to a Lender-Related Distress Event, then the Administrative Agent or the Priority Revolving Agent, as applicable, may be removed as the Administrative Agent or the Priority Revolving Agent, as applicable, at the reasonable request of (in the case of the Administrative Agent) the Required Lenders and (in the case of the Priority Revolving Agent) the Required Facility Lenders under the Priority Revolving Facility.
Each Lender and each Issuing Bank agrees to notify the Borrower and the Administrative Agent (or to the extent related to the Priority Revolving Facility, the Priority Revolving Agent) promptly after any such setoff and application, provided that the failure to give such notice shall not affect the validity of such setoff and application.
Any payments under this Agreement that are made later than 2:00 p.m., New York time, shall be deemed to have been made on the next succeeding Business Day (but the Administrative Agent (or in the case of the Priority Revolving Facility, the Priority Revolving Agent) may extend such deadline for purposes of computing interest and fees (but not beyond the end of such day) in its sole discretion whether or not such payments are in process).
The Administrative Agent (or in the case of the Priority Revolving Facility, the Priority Revolving Agent) will keep records (which shall be conclusive and binding in the absence of manifest error) of participations purchased under this Section 2.13 and will in each case notify the Lenders following any such purchases or repayments.
Other than in the case of assignments pursuant to Section 10.07(12), the Eligible Assignee, if it shall not be a Lender, shall deliver to the Administrative Agent (or to the extent related to the Priority Revolving Facility, the Priority Revolving Agent) an Administrative Questionnaire and all applicable tax forms.
Each determination by the Administrative Agent (or in the case of the Priority Revolving Facility, the Priority Revolving Agent) of an interest rate or fee hereunder shall be conclusive and binding for all purposes, absent manifest error.
For the avoidance of doubt, the Administrative Agent (in its capacity as Administrative Agent) (or to the extent related to the Priority Revolving Facility, the Priority Revolving Agent, in its capacity as Priority Revolving Agent) shall have no responsibility for maintaining a Participant Register.
In the event of any conflict between the accounts and records maintained by any Lender and the accounts and records of the Administrative Agent (or in the case of the Priority Revolving Facility, the Priority Revolving Agent), as set forth in the Register, in respect of such matters, the accounts and records of the Administrative Agent (or in the case of the Priority Revolving Facility, the Priority Revolving Agent) shall control in the absence of manifest error.
The Administrative Agent (or in the case of the Priority Revolving Facility, the Priority Revolving Agent) will promptly distribute to each Appropriate Lender its Pro Rata Share (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.