Revolver Loan definition

Revolver Loan means each Loan with respect to which the Borrower has a revolving credit commitment to advance amounts to the applicable Obligor during a specified term.

Revolver Loan means a Line of Credit Loan which converts to a Term Loan after a specified time indicated in the loan agreement.

Examples of Revolver Loan in a sentence

No Revolver Loan proceeds or Letters of Credit will be used by any Borrower to purchase or carry, or to reduce or refinance any Debt incurred to purchase or carry, any Margin Stock or for any related purpose governed by Regulations T, U or X of the Board of Governors.
Except for Swingline Loans, Agent shall endeavor to notify Lenders of each Notice of Borrowing (or deemed request for a Borrowing) by 12:00 noon on the proposed funding date for a Base Rate Revolver Loan or by 3:00 p.m. two Business Days before a proposed funding of a SOFR Loan.
During any Default or Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Revolver Loan may be made, converted or continued as a SOFR Loan.
Each ACM-TCM Swingline Loan shall constitute an ACM-TCM Revolver Loan for all purposes, except that payments thereon shall be made to Agent for its own account until Lenders have funded their participations therein as provided below.
Each Notice of Borrowing shall be irrevocable and shall specify (A) the Borrowing amount, (B) the requested funding date (which must be a Business Day), (C) whether the Borrowing is to be made as a Base Rate Revolver Loan or SOFR Loan, and (D) in the case of a SOFR Loan, the applicable Interest Period (which shall be deemed to be 30 days if not specified).

Revolver Loan means a loan made by Bank as provided in Section 2.1.1 hereof.

Revolver Loan means any Loan made under the Revolver Facility.

Revolver Loan means that certain revolving credit facility from Deutsche Bank Trust Company Americas to Strategic Hotel Funding, L.L.C., evidenced by that certain Credit Agreement, dated as of March 9, 2007, between Deutsche Bank Trust Company Americas, as the administrative agent, various financial institutions, as lenders specified therein and Strategic Hotel Funding, L.L.C., as borrower (“Credit Agreement”) as the same may hereafter be amended, restated, supplemented or otherwise modified or replaced, from time to time.

Revolver Loan has the meaning given such term in Section 2.1(a).

Revolver Loan a Revolver Loan made by a U.S. Lender to a U.S. Borrower pursuant to Section 2.1.1(a), which Loan shall be denominated in Dollars and shall be either a U.S. Base Rate Loan or a LIBOR Loan, in each case as selected by Borrower Agent, and any U.S. Swingline Loan, U.S. Overadvance Loan or Protective Advance made to or owed by the U.S. Borrowers.