Revolving Committed Amount definition
Examples of Revolving Committed Amount in a sentence
If the Borrower exercises its right to extend the Revolving Termination Date in accordance with Section 2.15(a), the Borrower agrees to pay to the Administrative Agent for the account of each Revolving Lender, a fee equal to 0.0625% of the amount of such ▇▇▇▇▇▇’s Revolving Committed Amount (whether or not utilized) as of the effective date of the Revolving Credit Extension payable in connection with each such Revolving Credit Extension.
Such prepayments will not serve to reduce the Aggregate Revolving Committed Amount or L/C Committed Amount.
Upon receipt by an L/C Issuer of any payment in respect of any Reimbursement Obligation, such L/C Issuer shall promptly pay to the Administrative Agent for the account of each Lender that has acquired a participation therein under the second sentence of the immediately following subsection (i) such ▇▇▇▇▇▇’s Credit Percentage in respect of its Revolving Committed Amount of such payment.