Revolving Advance definition

Revolving Advance has the meaning given in Section 2.1.

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Revolving Advance means an Advance comprised of Revolving Loans.

Revolving Advance means an advance by a Lender to the Borrower as part of a Borrowing, including a Base Rate Advance made pursuant to Section 2.03(c), but excluding any L/C Advance made as part of an L/C Borrowing and any Swingline Advance, and refers to a Base Rate Advance or a Eurodollar Rate Advance (each of which shall be a Type of Revolving Advance).

Examples of Revolving Advance in a sentence

• The failure of any Lender to make a Revolving Advance required to be made by it shall not relieve any other Lender of its obligation to make its Revolving Advance, and no Lender shall be responsible for the failure of any other Lender to make the Revolving Advance to be made by such other Lender.

• Lenders shall have no obligation to make any Revolving Advance (other than a Revolving Advance to reimburse Issuing Bank for any draw on a Letter of Credit issued pursuant to the terms hereof or to pay a Swing Loan extended pursuant to the terms hereof) if an Event of Default or an Unmatured Event of Default has occurred and is continuing unless agreed to by Majority Lenders.

• No later than 12:00 p.m. on the proposed date of any Revolving Advance hereunder, each Lender shall make available to Agent at its office specified herein in immediately available funds, its Pro Rata Share of such requested Revolving Advance.

• Each Lender (including Swing Lender in its capacity as a Lender) shall make its Pro Rata Share of such Revolving Advance available to Agent in immediately available funds by 3:00 p.m. on the date requested, and the obligation to fund such Revolving Advance shall be unconditional, irrespective of the occurrence, existence or continuance of an Event of Default or Unmatured Event of Default.

• Each Revolving Advance made pursuant to each request made by Swing Lender pursuant to the foregoing sentence shall be considered to be a Revolving Advance, and Borrower hereby irrevocably instructs Swing Lender to apply the proceeds of such Revolving Advances to the prepayment of such Swing Loan.

More Definitions of Revolving Advance

Revolving Advance means any advance by a Lender to the Borrower as part of a Revolving Borrowing.

Revolving Advance means an advance made by a Lender to the Borrower pursuant to Section 2.1(a).

Revolving Advance or "Revolving Advances" means a cash advance or cash advances under the Revolving Facility.

Revolving Advance means each advance made by Lender(s) pursuant to subsection 2.1(A).

Revolving Advance means any Advance comprised solely of Revolving Loans.

Revolving Advance or “Revolving Advances” means an advance (or advances) under the Revolving Line.

Revolving Advance means a borrowing consisting of simultaneous Revolving Loans of the same Type made to the Borrower by each of the Lenders pursuant to Section 2.1, and for, in the case of Eurodollar Advances, the same Interest Period.