Examples of Revolving A Borrowing in a sentence
Notwithstanding the preceding sentence, any U.S. Tranche Revolving A Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be made as Base Rate Loans unless the Borrower delivers a Funding Indemnity Letter to the Administrative Agent not less than three (3) Business Days prior to the date of such U.S. Tranche Revolving A Borrowing.
Notwithstanding the preceding sentence, any Alternative Currency Tranche Revolving A Borrowings made on the Closing Date or any of the three (3) Business Days following the Closing Date shall be subject to the receipt by the Administrative Agent of a Funding Indemnity Letter from the Borrower not less than three (3) Business Days prior to the date of such Alternative Currency Tranche Revolving A Borrowing.
Each Revolving A Borrowing shall be in an aggregate amount not less than $5,000,000.00 and in integral multiples of $1,000,000.00 in excess thereof and shall consist of Revolving A Advances of the same Type made on the same day by the Lenders ratably according to their respective Revolving A Commitments.
Each Revolving A Borrowing shall be in an aggregate amount of $2,000,000 or an integral multiple of $500,000 in excess thereof and shall consist of Revolving A Advances made by the Lenders ratably according to their Revolving A Commitments.
If such Revolving A Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Revolving A Lender’s Revolving A Loan included in the relevant Revolving A Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be.
To the extent that the Revolving A Borrowing Base exceeds the sum of all outstanding Revolving A Advances, such reimbursement shall be deemed for all purposes of this Agreement to be a Revolving A Advance to the Borrower transferred at the Borrower's request to the Issuing Bank; then, the remainder of such reimbursement shall be deemed for all purposes of this Agreement to be a Revolving B Advance to the Borrower transferred at the Borrower's request to the Issuing Bank.
The Revolving A Loans to be made by each Lender will be made by such Lender on a pro rata basis based upon such Lender’s Revolving A Facility Percentage of each Revolving A Borrowing, in each case in accordance with Section 2.07 hereof.
Borrowings and Advances are also distinguished by "Class." The "Class" of a Borrowing or an Advance refers to the determination whether such Borrowing or Advance is a Revolving A Borrowing or a Revolving B Borrowing or a Revolving A Advance or a Revolving B Advance, as applicable.