Revolving Credit Expiry Date definition

Revolving Credit Expiry Date means September 1, 2004, or such earlier date on which the Revolving Credit Facility Commitment shall have been terminated pursuant to this Agreement.
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Revolving Credit Expiry Date means December 27, 2022.
Sample 1

Examples of Revolving Credit Expiry Date in a sentence

  • Accrued interest on Revolving Credit Loans to which the Prime Rate Option applies shall be payable monthly in arrears on the first day of each month, commencing on February 1, 2018 through and including December 1, 2022 and on the Revolving Credit Expiry Date.

  • The Borrower shall pay to the Agent for the ratable account of the Banks interest on the unpaid principal balance of the Revolving Credit Loans which are Libor Rate Loans on the earlier of (i) the last day of the applicable Interest Period for such Loan or (ii) for such Loans with an applicable Interest Period exceeding three (3) months, on the three (3) month anniversary of each Loan during the period from the Closing Date through and including the Revolving Credit Expiry Date.

  • Except as otherwise provided herein, the Borrowers may from time to time prior to the Revolving Credit Expiry Date request the Bank to make Revolving Credit Loans.

  • The Borrower shall pay to Bank a commitment fee on the unused portion of the Revolving Credit Facility Commitment during the period from the Closing Date to the Revolving Credit Expiry Date, payable quarterly in arrears beginning on October 1, 1996 and continuing on the first (1st) day of each January, April, July and October thereafter and on the Revolving Credit Expiry Date.

  • Letters of Credit shall only be issued by the Agent for the account of the Borrower for such terms that expire ten (10) days prior to the Revolving Credit Expiry Date.

  • If not sooner paid, all of the Revolving Credit Loans, all unpaid accrued interest thereon, and all other sums and costs incurred by Bank pursuant to this Agreement with respect to the Revolving Credit Loans, shall be immediately due and payable on the Revolving Credit Expiry Date, without notice, presentment or demand.

  • If any draft is presented under a Letter of Credit, the payment of which is required to be made after the Revolving Credit Expiry Date or at the time when an Event of Default shall then be continuing, then Borrowers shall immediately pay to the Bank, in immediately available funds, the full amount of such draft together with interest thereon at the Prime Rate from the date on which the Bank makes such payment of such draft until the date it received full reimbursement for such payment from the Borrowers.

  • The Unused Facility Fee shall be payable in arrears on the first Business Day of April, 2018, with respect to the quarter ending on March 31, 2018, and on the first Business Day of each July, October January and April thereafter with respect to the immediately preceding quarter, and on the Revolving Credit Expiry Date or upon acceleration of the Revolving Credit Note.

  • Except as otherwise provided herein, the Borrowers may from time to time prior to the Revolving Credit Expiry Date request the Bank to renew or convert the Interest Rate Option applicable to existing Revolving Credit Loans.

  • If not sooner paid, the entire principal balance of all outstanding Revolving Credit Loans, all unpaid accrued interest thereon and all other sums and costs owed to the Bank by the Borrowers pursuant to the Revolving Credit Loans, shall be immediately due and payable on the Revolving Credit Expiry Date, without notice, presentment or demand of any kind.

Related to Revolving Credit Expiry Date

  • Revolving Credit Expiration Date means May 1, 2002, or any date to which it may be extended from time to time pursuant to the terms of Section 2.6 hereof.

  • Revolving Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Loans and its LC Exposure at such time.

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Facility Credit Exposure means, at any time, the sum of (a) the aggregate principal amount of the Revolving Facility Loans outstanding at such time, (b) the Swingline Exposure at such time and (c) any Revolving L/C Exposure at such time. The Revolving Facility Credit Exposure of any Lender at any time shall be the product of (x) such Lender’s Revolving Facility Percentage and (y) the aggregate Revolving Facility Credit Exposure of all Lenders, collectively, at such time.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Revolving Credit Commitment Period the period from and including the Closing Date to the Revolving Credit Termination Date.

  • Revolving Dollar Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Dollar Commitments.

  • Revolving Multicurrency Credit Exposure means, with respect to any Lender at any time, the sum of the outstanding principal amount of such Lender’s Syndicated Loans, and its LC Exposure and Swingline Exposure, at such time made or incurred under the Multicurrency Commitments.

  • Total Revolving Credit Exposure means, as to any Revolving Lender at any time, the unused Commitments and Revolving Exposure of such Revolving Lender at such time.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Swingline Expiry Date means that date which is five Business Days prior to the Revolving Loan Maturity Date.

  • Expiring Credit Commitment has the meaning set forth in Section 2.04(g).

  • Revolving Credit Commitment Amount means with respect to any Revolving Credit Lender, (i) if the Revolving Credit Aggregate Commitment has not been terminated, the amount specified opposite such Revolving Credit Lender’s name in the column entitled “Revolving Credit Commitment Amount” on Schedule 1.2, as adjusted from time to time in accordance with the terms hereof; and (ii) if the Revolving Credit Aggregate Commitment has been terminated (whether by maturity, acceleration or otherwise), the amount equal to its Percentage of the aggregate principal amount outstanding under the Revolving Credit (including the outstanding Letter of Credit Obligations and any outstanding Swing Line Advances).

  • Non-Expiring Credit Commitment has the meaning set forth in Section 2.04(g).

  • Letter of Credit Expiration Date means the day that is seven days prior to the Maturity Date then in effect (or, if such day is not a Business Day, the next preceding Business Day).

  • Aggregate Revolving Credit Exposure means the aggregate amount of the Lenders’ Revolving Credit Exposures.

  • Unused Revolving Credit Commitment of any Lender, at any time, means the remainder of the Revolving Credit Commitment of such Lender at such time, if any, less the sum of (a) the aggregate Outstanding Amount of Revolving Loans made by such Lender, (b) such Lender’s LC Exposure at such time and (c) except for purposes of Section 2.12(a), such Lender’s Applicable Percentage of the aggregate Outstanding Amount of Swingline Loans.

  • U.S. Revolving Credit Exposure means, with respect to any Lender at any time, the sum of such Lender’s outstanding U.S. Revolving Loans and its U.S. L/C Exposure and U.S. Swingline Exposure at such time.

  • Revolving Credit Limit has the meaning set forth in the Schedule.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Credit Maturity Date means the date that is six years after the Closing Date, or, if such date is not a Business Day, the next preceding Business Day.

  • Revolving Credit Commitment Fee shall have the meaning assigned to such term in Section 2.05(a).

  • Total Revolving Credit Commitment means the sum of the Revolving Credit Commitments of all the Lenders.

  • Revolving Committed Amount shall have the meaning set forth in Section 2.1(a).

  • Revolving Credit Commitment Increase has the meaning specified in Section 2.14(a).

  • Revolving Credit Outstandings means, at any particular time, the sum of (a) the principal amount of the Revolving Loans outstanding at such time, (b) the Letter of Credit Obligations outstanding at such time and (c) the principal amount of the Swing Loans outstanding at such time.