Revolver Purchase definition

Revolver Purchase has the meaning set forth in Section 2.20(c).
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Revolver Purchase has the meaning assigned to that term in the Intercreditor Agreement.
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Revolver Purchase has the meaning ascribed to it in Section 9.14. “Revolving Credit Advance” has the meaning ascribed to it in Section 1.1(a).
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Examples of Revolver Purchase in a sentence

  • When all such letters of credit have been cancelled with the consent of the beneficiary thereof, expired or been fully drawn, and after all payments from the account described above have been made, any funds in the Revolver Purchase XX Xxxx Collateral Account will be returned to the Revolver Purchasing Parties (as their interest may appear).

  • In the event that the Revolver Purchasing Parties consist of more than one First Lien Secured Party in respect of the First Lien Credit Agreement, the obligations of the Revolver Purchase Parties in respect of the Revolver Purchase and the Revolver Purchase Price shall be allocated among the Revolver Purchasing Parties on a pro rata basis.

  • The Revolving Agent will apply funds in the Revolver Purchase XX Xxxx Collateral Account to reimburse issuers of letters of credit outstanding under the Revolving Credit Agreement on the Revolver Purchase Date for drawings thereunder and for any customary fees charged by such issuers in connection with such draws.

  • The Revolving Agent, the Borrower and the other Grantors hereby irrevocably consent to any assignment effected to one or more Revolver Purchasing Parties pursuant to this Section 2.20, including in any Insolvency or Liquidation Proceeding and hereby agree that no further documentation or consent shall be required to evidence the Revolver Purchase.

  • After giving effect to each such payment, any remaining funds in the Revolver Purchase XX Xxxx Collateral Account which exceed 103% of the sum of the aggregate undrawn amount of all such outstanding letters of credit will be returned to the Revolver Purchasing Parties (as their interests appear).

  • Notwithstanding anything to the contrary set forth herein, in the event that a Term Lender consummates a Revolver Purchase, then, simultaneously with the closing thereof, CITBC shall be deemed to have resigned as Agent hereunder, and such Term Lender shall be deemed to have (i) been appointed by the Requisite Lenders as the successor Agent hereunder and (ii) accepted such appointment, and thereupon shall be and become the successor Agent for all purposes hereunder.

  • If a First Lien Secured Party in respect of the Revolving Credit Agreement (a “Defaulting Revolver Secured Party”) breaches its obligation to sell its Revolver Purchase Obligations under this Section 2.20, no other First Lien Secured Party in respect of the Revolving Credit Agreement will be obligated to purchase that Defaulting Revolver Secured Party’s Revolver Purchase Obligations for resale to the Revolver Purchasing Parties.

  • As soon as practicable and in any event within one Business Day after the occurrence thereof, notice of the occurrence of any Material Event of Default, Revolver Purchase Triggering Event or any First Lien Purchase Triggering Event.

  • The VFN Noteholder, after receipt of such notice, shall, either (i) instruct the Indenture Trustee to not execute such pledge (the absence of which instruction on or prior to the related Subsequent Revolver Transfer Date shall be deemed to be such instruction) or (ii) instruct the Indenture Trustee to execute such pledge and deposit the amount of any such deficiency in Collection Sub-Account B on such Subsequent Revolver Transfer Date, up to the amount of such Subsequent Revolver Purchase Price.

  • The obligations of the First Lien Secured Parties in respect of the Revolving Credit Agreement to sell their respective Revolver Purchase Obligations under this Section 2.20 are several and not joint and several.

Related to Revolver Purchase

  • New Revolving Credit Lender has the meaning specified in Section 2.14(a).

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • New Revolving Lender as defined in Section 2.24.

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Tranche B Term Loan Lender means a Lender with a Tranche B Term Loan Commitment or an outstanding Tranche B Term Loan.

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

  • Revolving Loan Commitment Amount means, on any date, $30,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.

  • New Revolving Loans as defined in Section 2.25.

  • Tranche B Loans means loans made pursuant to Section 2.1(a)(ii).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Term Loan Committed Amount shall have the meaning set forth in Section 2.2(a).

  • Tranche B Lender means a Lender with a Tranche B Commitment or an outstanding Tranche B Term Loan.

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Extending Revolving Credit Lender has the meaning set forth in Section 2.16(c).

  • Tranche B Lenders means the Lenders who hold Tranche B Loans or who have Tranche B Commitments.

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Aggregate Revolving Loan Commitment means the aggregate of the Revolving Loan Commitments of all the Revolving Lenders, as may be reduced or increased from time to time pursuant to the terms hereof. The initial Aggregate Revolving Loan Commitment is Two Hundred Fifty Million and 00/100 Dollars ($250,000,000.00).

  • Term Loan Commitment Percentage means, for any Lender, the percentage identified as its Term Loan Commitment Percentage on Schedule 2.1(a), as such percentage may be modified in connection with any assignment made in accordance with the provisions of Section 9.6.

  • Required Revolving Lenders means, as of any date of determination, Revolving Credit Lenders holding more than 50% of the sum of the (a) Total Revolving Credit Outstandings (with the aggregate amount of each Revolving Credit Lender’s risk participation and funded participation in L/C Obligations and Swing Line Loans being deemed “held” by such Revolving Credit Lender for purposes of this definition) and (b) aggregate unused Revolving Credit Commitments; provided that the unused Revolving Credit Commitment of, and the portion of the Total Revolving Credit Outstandings held or deemed held by, any Defaulting Lender shall be excluded for purposes of making a determination of Required Revolving Lenders.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment.

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • U.S. Revolving Credit Commitment shall have the meaning assigned to such term in Section 2.1(c).

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Swing Line Loan Commitment Amount means, on any date, $10,000,000, as such amount may be reduced from time to time pursuant to Section 2.2.