Revolving Commitment Maturity Date definition
Examples of Revolving Commitment Maturity Date in a sentence
To the extent not otherwise required to be paid earlier as provided herein, the principal amount of the Revolving Credit Advances shall be due and payable on the Revolving Commitment Maturity Date.
On the 2015 Revolving Commitment Maturity Date, all risk participations with respect to Letters of Credit issued on or prior to the 2015 Revolving Commitment Maturity Date pursuant to Section 2.20(e) shall be reallocated to the 2018 Lenders in accordance with their pro rata share of the remaining Revolving Commitments; provided that such reallocation shall only be effected to the extent that it would not result in the Total Exposure of any 2018 Lender exceeding such Lender’s 2018 Revolving Commitment.
No Letter of Credit shall have an expiration date (including all rights of renewal) later than 15 days prior to the Revolving Commitment Maturity Date.
For the avoidance of doubt, prior to the 2015 Revolving Commitment Maturity Date, all voluntary terminations or reductions of Revolving Commitments pursuant to this paragraph shall be applied to the 2015 Revolving Commitments and the 2018 Revolving Commitments on a pro rata basis.
On the Revolving Commitment Maturity Date, the Revolving Credit Commitment shall automatically reduce to zero.