Examples of Revolving Credit Loan in a sentence
Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at the Base Rate Option or, in the case of Revolving Credit Loans in Alternative Currencies, the Daily Rate Loan Option, and shall be deemed to have been properly requested in accordance with Section 2.4.1 [Revolving Credit Loan Requests] without regard to any of the requirements of that provision.
Each L/C Issuer or Revolving Credit Lender shall notify the Administrative Agent, not later than 11:00 a.m., 10 Business Days after receipt of such request whether it consents, in its sole discretion, to the issuance of Letters of Credit or the making of a Revolving Credit Loan in such requested currency.
If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Credit Loan with respect to such prepayment.
Each Lender shall be obligated to participate in each request for Revolving Credit Loans pursuant to Section 2.4 [Revolving Credit Loan Requests; Swing Loan Requests] in accordance with its Ratable Share.
The Borrowers acknowledge and agree that any Revolving Credit Loan or Swing Line Loan, as applicable, made pursuant to a Sweep to Loan [Key Tronic] Credit Agreement #510968250 Arrangement in accordance with this Section constitutes a Request for Credit Extension submitted by the Borrowers and shall be deemed to be a representation and warranty by the Borrowers that the conditions specified in Section 5.02 have been satisfied on and as of the date of the applicable Credit Extension.