Examples of Revolving Credit Loans in a sentence
Revolving Credit Loans made pursuant to the preceding sentence shall bear interest at either the Base Rate Option or the Daily SOFR Option, as designated by the Borrower, unless and until converted to a LIBORTerm SOFR Rate Option in accordance with this Agreement 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 NAI-1540997189v1 requirements of that provision.
The Administrative Agent shall also effect settlement in accordance with the foregoing sentence on the proposed Borrowing Dates for Revolving Credit Loans and may at its option effect settlement on any other Business Day.
The Borrower shall repay the Revolving Credit Loans together with all outstanding interest thereon on the Expiration Date.
The obligations of the Lenders under this paragraph 11.3.3 are subject to the provisions of Section 2.1.3 [Nature of Xxxxxx’s Obligations with Respect to Revolving Credit Loans].
These settlement procedures are established solely as a matter of administrative convenience, and nothing contained in this Section 5.12 shall relieve the Lenders of their obligations to fund Revolving Credit Loans on dates other than a Settlement Date pursuant to Section 2.1.2 [Swingline Loan Commitment].