Revolving Credit Administrative Agent definition
Examples of Revolving Credit Administrative Agent in a sentence
This Promissory Note cannot be amended without the consent of each of (i) the parties hereto and (ii) prior to the Discharge of Revolving Credit Secured Obligations, the Revolving Credit Administrative Agent and (iii) prior to the Discharge of Pari Passu Secured Obligations, the Authorized Pari Passu Collateral Agent.
Promptly following receipt by the Revolving Credit Administrative Agent of any payment from the Borrower pursuant to this paragraph (e) of this Section 2.05, the Revolving Credit Administrative Agent shall distribute such payment to the Issuing Bank or, to the extent that Revolving Credit Lenders have made payments pursuant to this paragraph to reimburse the Issuing Bank, then to such Revolving Credit Lenders and the Issuing Bank as their interests may appear.
Mr. Chairman, this is atechnical amendment that changes the year of the bill from 2011 to 2012, and I ask my colleagues to support this non- controversial amendment.
The fees payable by Borrowers to a successor Agent (other than the Revolving Credit Administrative Agent) shall be the same as those payable to its predecessor unless otherwise agreed between Borrowers and such successor.
The Issuing Bank may be replaced at any time by written agreement among the Borrower, the Revolving Credit Administrative Agent, the replaced Issuing Bank and the successor Issuing Bank.