Examples of Revolver A Loan in a sentence
Each Lender shall, before 1:00 p.m. pacific time on the date of each Advance under the Revolver A Loan, the Revolver B Loan and the Term Loan hereunder (other than a Refinancing Advance), make available to Administrative Agent by wire to Bank of America, ABA No. 111 0000 12, Acct.
All prepayments of Advances under the Revolver A Loan, the Revolver B Loan and the Term Loan made solely pursuant to this Section 2.05 shall cause the Revolver A Commitment, the Revolver B Commitment, and the Term Loan to be reduced.
On the Option Date, or, if the Borrower and the Lenders have agreed to extend the Revolver A Loan until the Extension Final Maturity, then on the Extension Final Maturity, the Borrower, so long as there exists no Default or Event of Default on such date of conversion, shall have the option (which shall not require the consent of any Lender) to convert the Revolver A Loan to a term loan (the "Converted Term Loan").
On the date of a reduction of the Revolver A Commitment pursuant to Section 2.04 hereof, to the extent the sum of the aggregate outstanding Advances under the Revolver A Loan outstanding on the date of reduction exceeds the Revolver A Commitment as reduced, such excess amounts shall be immediately due and payable, which principal payment may not be made by means of a Refinancing Advance.
To the extent that the sum of the aggregate outstanding Advances under the Revolver A Loan exceeds the Revolver A Commitment after any reduction thereof, Borrower shall immediately repay on the date of such reduction, any such excess amount and all accrued interest thereon, together with any amounts constituting any Consequential Loss.
So long as no Default or Event of Default is in existence or occurs as a result thereof and Borrower has satisfied the applicable requirements under Article IV hereof, Advances outstanding under the Revolver A Loan on the Conversion Date may be repaid with the proceeds of Advances under the Converted Term Loan.
Upon such notice (and receipt by the Revolver A Lenders of the new promissory notes (if any)), the Revolver A Loan shall automatically convert to the Converted Term Loan on the Option Date or the Extension Final Maturity, as applicable.
Such election must be made no sooner than 60 days prior to the applicable Option Date and no later than 30 days (or such lesser period as agreed to by the Administrative Agent and the Lenders agreeing to extend) prior to the Option Date by written notice in accordance with the terms of Section 10.02 hereof to each Lender selected by the Borrower and the Administrative Agent, of its request to extend the final maturity of the Revolver A Loan.
Any Lender failing to give such notice shall be deemed to have rejected such extension; and, upon the Option Date, its Revolver A Specified Percentage shall be zero and such Lender shall not be participating in the Revolver A Loan thereafter.
On the Option Date (so long as the Borrower has not elected the Conversion Option), the Borrower, with the prior written consent of Revolver A Lenders holding 66.66% of outstanding Revolver A Advances, or if there are no Revolver A Advances outstanding, 66.66% of the Revolver A Commitment (the "Revolver A Determining Lenders"), and so long as there exists no Default, may elect to extend the maturity of the Revolver A Loan for an additional 364 day period until the Extension Final Maturity.