Examples of Refinancing Revolving Commitment in a sentence
The Borrower shall pay to the Administrative Agent, for the account of each Specified Refinancing Revolving Lender, an upfront fee in an aggregate amount equal to 0.35% of each Specified Refinancing Revolving Lender’s allocated Specified Refinancing Revolving Commitment on the Amendment No. 3 Effective Date.
No Lender shall be under any obligation to provide any Refinancing Term Commitment or Refinancing Revolving Commitment unless such Lender executes a Refinancing Amendment (which such Lender may decline to execute in its sole discretion).
For the avoidance of doubt, following the Effective Date (as defined below), each 2020 Refinancing Revolving Lender’s Applicable Percentage (including for the purpose of determining its participation in L/C Obligations and Swing Line Loans) shall be determined in accordance with its 2020 Refinancing Revolving Commitment as reflected on Schedule 2.01 and as adjusted from time to time in accordance with the Credit Agreement.
On the Second Amendment Closing Date, (x) the 2021 Refinancing Revolving Commitment of each 2021 Refinancing Revolving Lender will be established and (y) the Existing Revolving Commitment of each Existing Revolving Lender will terminate.
Each of the 2021 Refinancing Revolving Commitment Lenders acknowledge and agree to such election.
Upon effectiveness of the Lender Joinder Agreement each Additional Lender shall be a Lender for all intents and purposes of this Agreement and the term loan made pursuant to such Supplemental Term Loan Commitment shall be a Term Loan and the Supplemental Revolving Commitment shall be an Initial Revolving Credit Commitment, an Incremental Revolving Commitment, a Specified Refinancing Revolving Commitment or Extended Revolving Commitments of a particular Extension Series, as applicable.
Subject to the terms and conditions set forth herein, each 2024 Refinancing Revolving Lender severally agrees to provide, on the Fifth Amendment Effective Date, 2024 Refinancing Revolving Commitments in an amount equal to the 2024 Refinancing Revolving Commitment set forth next to its name on Schedule II hereto.
With effect on and after the Second Amendment Closing Date, each 2021 Refinancing Revolving Lender shall have all of the rights and obligations of a “Lender” and a “Revolving Credit Lender” under the Amended Credit Agreement and the other Loan Documents and each 2021 Refinancing Revolving Commitment shall constitute a “Revolving Credit Commitment” for all purposes of the Amended Credit Agreement.
Each Refinancing Revolving Lender agrees that (i) effective on and at all times after the Second Amendment Date, such Refinancing Revolving Lender will be bound by all obligations of a Lender under the Restated Credit Agreement in respect of its Refinancing Revolving Commitment and Refinancing Revolving Loans.
In the event that any Refinancing Revolving Loans are made in respect of any Refinancing Revolving Commitment, such Refinancing Revolving Loans shall, subject to Section 2.17, be repaid by Borrower in the amounts (each such amount with respect to any Refinancing Revolving Loan Repayment Date, a “Refinancing Revolving Loans Repayment Amount”) and on the dates (each, a “Refinancing Revolving Loan Repayment Date”) set forth in the applicable Refinancing Amendment.