Revolver A Advance definition
Examples of Revolver A Advance in a sentence
Prior to the Conversion Date, no Interest Period for any Revolver A Advance shall extend beyond the Conversion Date, unless the Borrower has elected to exercise its Conversion Option.
Borrowings and Advances are also distinguished by "Class." The "Class" of a Borrowing or an Advance refers to the determination whether such Borrowing or Advance is a Revolver A Borrowing or a Revolver B Borrowing or a Revolver A Advance or a Revolver B Advance, as applicable.
The Revolver A Advances and Swing Loans, as applicable, that are made pursuant to this Section 2.3(i) shall be subject to the same terms and conditions as any other Revolver A Advance or Swing Loan, as applicable, except that they shall not be eligible for the LIBOR Option and the rate of interest applicable thereto shall be the rate applicable to Revolver A Advances that are Base Rate Loans under Section 2.6(c) hereof without regard to the presence or absence of a Default or Event of Default.
Each Swing Loan is a Revolver A Advance hereunder and shall be subject to all the terms and conditions applicable to other Revolver A Advances, except that no such Swing Loan shall be eligible for the LIBOR Option and all payments on any Swing Loan shall be payable to Swing Lender as a Lender solely for its own account (and for the account of the holder of any participation interest with respect to such Swing Loan).
The Advances and Swing Loans, as applicable, that are made pursuant to this Section 2.3(i) shall be subject to the same terms and conditions as any other Revolver A Advance or Swing Loan, as applicable, and the rate of interest applicable thereto shall be the rate applicable to Revolver A Advances that are Base Rate Loans under Section 2.6(c) hereof without regard to the presence or absence of a Default or Event of Default.
Each Agent Advance is a Revolver A Advance hereunder and shall be subject to all the terms and conditions applicable to other Revolver A Advances, and all payments thereon shall be payable to Agent solely for its own account (and for the account of the holder of any participation interest with respect to such Agent Advance).