Revolver Lender definition
Examples of Revolver Lender in a sentence
In the event that Swing Lender is not obligated to make a Swing Loan, each Revolver Lender agrees, severally on a Pro Rata basis in an amount not to exceed its Revolver Commitment, on the terms set forth herein, to make Revolver Loans to Borrowers from time to time through the Revolver Commitment Termination Date.
No funding or sufferance of a Revolver Overadvance shall constitute a waiver by any Agent or any Revolver Lender of the Event of Default caused thereby.
At the request of a Revolver Lender, Borrowers shall deliver promissory note(s) to such Revolver Lender, evidencing its Revolver Loans.
If any Revolver Lender shall not remit the full amount that it is required to make available to Administrative Agent in immediately available funds as and when required hereby and if Administrative Agent has made available to Borrowers such amount, then that Revolver Lender shall be obligated to immediately remit such amount to Administrative Agent, together with interest at the Defaulting Lender Rate for each day until the date on which such amount is so remitted.
Loans and interest accruing thereon shall be evidenced by the records of Administrative Agent and the applicable Revolver Lender.