Revolving Credit Facility Termination Date definition
Examples of Revolving Credit Facility Termination Date in a sentence
The Extension Request must specify the new Revolving Credit Facility Termination Date or, in the case of any Series of Incremental Term Loans, the extended maturity date thereof (the “Extended Maturity Date”), requested by the Borrower with respect to such Series or portion of the Revolving Credit Commitments or Incremental Term Loans thereunder (the date, if any, on which such Extended Maturity Date becomes effective, the “Extension Date”), which shall be not more than five years after the Extension Date.
If the Borrower makes an Extension Request, a Lender may, at its election, approve or deny the requested extension of a Revolving Credit Facility Termination Date or maturity date, as applicable (it being understood that no Lender shall be under any obligation to approve an extension of any Revolving Credit Facility Termination Date or maturity date).
The Revolving Credit Commitments of any Series or portion of the Revolving Credit Commitments thereunder will expire on the Revolving Credit Facility Termination Date applicable to such Series or portion of the Revolving Credit Commitments thereunder.
The Interest Period of a Term SOFR Advance may not end later than the latest Revolving Credit Facility Termination Date or maturity date with respect to an Advance of Incremental Term Loans, as applicable, in effect at the time of the borrowing or continuation of or conversion into such Term SOFR Advance.