Examples of Revolver Administrative Agent in a sentence
In the absence of a designation by the Borrower as described in the preceding sentence, the Revolver Administrative Agent shall, subject to the above, make such designation in its reasonable discretion with a view, but no obligation, to minimize breakage costs owing under Section 2.11.
Cash Collateral shall be maintained in blocked, interest bearing deposit accounts with the Revolver Administrative Agent.
The Revolver Administrative Agent shall have exclusive dominion and control, including the exclusive right of withdrawal, over such account.
The Borrower may add Letter of Credit Issuers at any time upon notice to the Revolver Administrative Agent.
Promptly following receipt of a Borrowing Request in accordance with this Section, the Revolver Administrative Agent shall advise each Revolving Credit Lender of the relevant Facility or Facilities of the details thereof and of the amount of such Revolving Credit Lender’s Loan to be made as part of the requested Revolving Credit Borrowing.