Revolving Commitments definition
Examples of Revolving Commitments in a sentence
Each Revolving Loan shall be made as part of a Borrowing consisting of Revolving Loans of the same Type made by the Revolving Lenders ratably in accordance with their respective Revolving Commitments.
The 2028 Revolving Commitments shall terminate on the 2028 Termination Date and (y) the 2029 Revolving Commitments shall terminate on the 2029 Termination Date.
Each 2028 Revolving Borrowing (other than Mandatory Letter of Credit Borrowings) shall be in an aggregate principal amount of $10,000,000 or any larger integral multiple of $1,000,000 (except that any such 2028 Revolving Borrowing may be in the aggregate amount of the unused 2028 Revolving Commitments) and shall be made from the several 2028 Revolving Lenders ratably in proportion to their respective 2028 Revolving Commitments.
All fees accrued until the effective date of any termination of the Aggregate Revolving Commitments shall be paid on the effective date of such termination.
Any termination or reduction of the Revolving Commitments of a Class pursuant to clause (b) shall be permanent.