Revolving Agent definition

Revolving Agent means the collateral agent (or the administrative agent acting as collateral agent) under any Revolving Credit Agreement, and its successors and assigns in such capacity and, from and after the execution of a Revolving Credit Substitute Facility, one or more other agents, collateral agents, trustees or similar contractual representatives for one or more holders of indebtedness or other Obligations evidenced thereunder or governed thereby and its successors and assigns in such capacity, but in no event shall any Obligor or Affiliate thereof be, or appoint, the Revolving Agent.

Revolving Agent has the meaning ascribed to such term in the preamble.

Revolving Agent means the “Administrative Agent” under and as defined in the Revolving Credit Agreement.

Examples of Revolving Agent in a sentence

• The Borrowers may, at any time and from time to time, prepay the principal of any Revolving Loan, in whole or in part by providing written notice to the Revolving Agent (with a copy of such notice to the Administrative Agent) by 12:00 noon (New York City time) one Business Day prior to the date of such prepayment.

• The applicable Agent shall have received a Notice of Borrowing pursuant to Section 2.02 hereof (and, in the case of any Notice of Borrowing with respect to a Revolving Loan, the Revolving Agent shall have approved (in its sole discretion) the funding of such Revolving Loan), provided that Revolving Loans shall be subject to Section 7 of Amendment No. 11.

• On the first date on which any Revolving Loan is made after the L/C Facility Closing Date in accordance with the terms hereof, the Borrowers shall pay to the Revolving Agent, for the account of the Revolving Loan Lenders in accordance with their Pro Rata Shares, in immediately available funds, a fee equal to 2.50% of the Total Revolving Credit Commitment on such date, which fee shall be deemed fully earned, non-refundable and payable on the date such Revolving Loan is made.

• All payments received by the Administrative Agent or the Revolving Agent after 12:00 noon (New York City time) on any Business Day may, at the Administrative Agent’s or the Revolving Agent’s discretion, be credited to the Loan Account on the next succeeding Business Day.

• Each Borrower hereby authorizes the Revolving Agent to, and the Revolving Agent may, from time to time until the Revolving Credit Commitment Termination Date, charge the Loan Account pursuant to Section 4.01 with the amount of any interest payment due hereunder.

More Definitions of Revolving Agent

Revolving Agent has the meaning set forth in the preamble to this Agreement.

Revolving Agent has the meaning set forth in the recitals.

Revolving Agent has the meaning specified therefor in the preamble hereto.

Revolving Agent means Bank of Montreal, in its capacity as administrative agent and collateral agent under the Revolving Credit Agreement.

Revolving Agent means JPMorgan Chase Bank, N.A. in its capacity as contractual representative of the financial institutions and other Persons from time to time a party to the Revolving Facility and any successor agent appointed pursuant to the terms of the Revolving Facility Documents.

Revolving Agent means KeyBank, in its capacity as administrative agent for the Revolving Lenders hereunder and under the other Loan Documents, and shall include any successor to the Revolving Agent appointed pursuant to Section 11.09.

Revolving Agent shall have the meaning assigned to such term in the Intercreditor Agreement.