Examples of Revolver Administrative Agent in a sentence
Field Examinations Field examinations will be conducted on an ongoing basis at regular intervals at the discretion of the Revolver Administrative Agent, to ensure the adequacy of Borrowing Base collateral and related reporting and control systems.
During the existence of an event of default or at any time excess Availability shall be less than $7.5 million, the Revolver Administrative Agent may direct that all payments or deposits into such lock boxes will be swept on a daily basis into a blocked account with the Revolver Administrative Agent.
The Revolver Administrative Agent, any Revolving Lender to be designated and/or another bank reasonably acceptable to the Revolver Administrative Agent shall be the Borrower’s principal depository and disbursement bank(s).
The liens securing the Revolving Facility will be subject to and governed by an intercreditor agreement, on terms acceptable to the Revolver Administrative Agent and the Revolving Lenders (in their sole discretion), with the Tranche A Term Lenders (and/or the Tranche A Term Administrative Agent) and the Tranche B Term Lenders (and/or the Tranche B Term Administrative Agent).
The Revolving Lenders shall be permitted to assign all or a portion of their loans and commitments under the Revolving Facility with the consent, not to be unreasonably withheld, of the Revolver Administrative Agent, each Issuing Lender and, so long as no event of default under the Revolving Facility is continuing, the Borrower.