Revolving Credit Loan Borrowing definition

Revolving Credit Loan Borrowing means a borrowing of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the applicable Lenders, pursuant to Sections 2.01(a) and 2.10(c).
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Revolving Credit Loan Borrowing. FORMULA ("BORROWING FORMULA").
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Revolving Credit Loan Borrowing means a borrowing of Revolving Credit Loans made by the applicable Lenders pursuant to Section 2.01.
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Examples of Revolving Credit Loan Borrowing in a sentence

  • Each Notice of Revolving Credit Loan Borrowing shall be irrevocable and binding on the Borrower and shall obligate the Borrower to accept the Revolving Credit Loan requested from the Lenders on the applicable Drawdown Date.

  • Each such notice must be received by the Administrative Agent not later than (x) 1:00 P.M. three Business Days prior to the requested date of any Revolving Credit Loan Borrowing of or continuation of Revolving Credit Loans or (y) 9:30 A.M. on the day of any Swing Line Borrowing.

  • If the Agent does not receive a Notice of Revolving Credit Loan Borrowing containing an Interest Period for a LIBOR Rate Loan within the applicable time limits set forth herein, or if when a Notice of Revolving Credit Loan Borrowing must be given, a Default exists or an Event of Default has occurred and is continuing, the Borrower shall be deemed to have elected to borrow or to convert such Revolving Credit Loan, in whole, into a Base Rate Loan on the last day of the then current Interest Period.

  • To request a Borrowing, the Borrower shall notify Administrative Agent of such request in writing, which request must be received by Administrative Agent not later than 1:00 p.m., New York City time, (i) in respect of each Revolving Credit Loan Borrowing with an Interest Period of less than one month, on the date of the proposed Borrowing or (ii) in respect of all other Borrowings, on the date which is three (3) Business Days prior to the proposed Borrowing.

  • If the Borrower fails to specify the currency of a Revolving Credit Loan Borrowing in a Loan Notice, then the applicable Revolving Credit Loans shall be made in Dollars.

  • Borrowings also may be classified and referred to by Class (e.g., a Revolving Credit Loan Borrowing) or by Type (e.g., a Eurocurrency Borrowing) or by Class and Type (e.g., a Eurocurrency Revolving Credit Loan Borrowing).

  • For purposes of the Notice of Revolving Credit Loan Borrowing for a LIBOR Rate Loan, such notice must specify: the minimum of the outstanding principal the Borrower wishes the LIBOR Rate to apply to, provided such borrowing shall be in the minimum amount of $500,000 and in integrals of $125,000 above such amount.

  • Upon receipt of such notice, the Borrower may revoke any pending request for a Revolving Credit Loan Borrowing of or continuation of Revolving Credit Loans in the affected currency or currencies.

  • Upon receipt of such notice, the Borrowers may revoke any pending request for a Revolving Credit Loan Borrowing of, conversion to or continuation of Eurodollar Rate Loans or One-Month LIBO Rate Loans (as applicable) or, failing that, such request will be deemed to be a request for a Revolving Credit Loan Borrowing of Base Rate Loans in the amount so specified.

  • Not later than 2:00 p.m. (Philadelphia time) on the proposed borrowing date set forth in the applicable Notice of Revolving Credit Loan Borrowing, each Lender will make available to the Administrative Agent, for the account of the Borrowers, at the office of the Administrative Agent in funds immediately available to the Administrative Agent, such Lender's Commitment Percentage of the Revolving Credit Loans to be made on such borrowing date.


More Definitions of Revolving Credit Loan Borrowing

Revolving Credit Loan Borrowing means a borrowing under the 364 Day Facility or the Five Year Facility.
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Revolving Credit Loan Borrowing means a borrowing of simultaneous Revolving Credit Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.
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Related to Revolving Credit Loan Borrowing

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Term Loan Borrowing means a borrowing consisting of Term Loans made on the same day by the Term Loan Lenders ratably according to their respective Term Loan Commitments.

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loans shall have the meaning assigned to such term in Section 2.1(a).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Notes means the promissory notes of the Borrower provided pursuant to Section 2.1(e) in favor of any of the Revolving Lenders evidencing the Revolving Loan provided by any such Revolving Lender pursuant to Section 2.1(a), individually or collectively, as appropriate, as such promissory notes may be amended, modified, extended, restated, replaced, or supplemented from time to time.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • 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.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

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

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

  • Revolving Loan Note means a promissory note in the form of Exhibit B-2, as it may be amended, supplemented or otherwise modified from time to time.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • U.S. Revolving Credit Commitment shall have the meaning assigned to such term in Section 2.1(c).

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

  • Term A Borrowing means a borrowing consisting of simultaneous Term A Advances of the same Type made by the Term A Lenders.

  • Swing Loan Commitment means PNC Bank’s commitment to make Swing Loans to the Borrower pursuant to Section 2.1.2 hereof in an aggregate principal amount up to $10,000,000.