Examples of Revolving Credit Sublimit in a sentence
Each partial reduction shall reduce the Revolving Credit Sublimit of each Borrower ratably.
One Canadian Revolving Credit Note shall be payable to the order of each Canadian Lender in an amount equal to its Pro Rata Share of the Canadian Revolving Credit Sublimit.
No such reduction in the Revolving Credit Commitments shall reduce the Canadian Revolving Credit Sublimit, the Swingline Commitment or the L/C Sublimit (except as set forth in each respective definition).
Borrower acknowledges and agrees that to the extent any portion of the Revolving Credit will be made available to Borrower under any sublimit described in the Revolving Credit Sublimit Schedule (each, a “Sublimit”), such Sublimit shall be subject to the terms and conditions of this Agreement applicable to the Revolving Credit and to the additional terms and conditions contained in the Revolving Credit Sublimit Schedule applicable to such Sublimit.
Such termination or partial reduction of the Revolving Credit Commitments shall be effective on the date specified in the Co-Borrowers' notice and shall reduce the Revolving Credit Commitment of each Lender proportionately in accordance with its Pro Rata Share of all of the Revolving Credit Commitments (including each Canadian Lender's corresponding Pro Rata Share of the Canadian Revolving Credit Sublimit).
No such reduction in the Revolving Credit Commitments shall reduce the Canadian Revolving Credit Sublimit, the Swingline Commitment, the Canadian Swingline Sublimit or the L/C Commitment (except as set forth in each respective definition).
If at any time, the aggregate principal amount of any Borrower’s Revolving Credit Outstandings exceeds such Borrower’s Revolving Credit Sublimit at such time, such Borrower shall forthwith prepay first, the Swingline Loans and then the Revolving Loans made to such Borrower then outstanding in an aggregate amount equal to such excess.
The Revolving Credit Sublimit Schedule attached to and made a part of the Credit Agreement is hereby amended by adding to the end thereof the contents of the Purchased Inventory Sublimit Schedule attached hereto as Exhibit C.
The Revolving Credit Sublimit Schedule to the Loan Agreement is hereby amended by deleting in its entirety the section therein entitled “Purchased Inventory Sublimit” and all related defined terms, all of which such defined terms and references to such defined terms shall be deemed stricken from the Loan Agreement wherever they appear.
If on the date of such determination the Dollar Equivalent of the Revolving Loans denominated in Euros exceeds 105% of the Euro Revolving Credit Sublimit (or, if lesser, the Total Revolving Commitments), the Borrower shall, if requested by such Majority Facility Lenders (through the Administrative Agent), prepay such Revolving Loans in such amounts as shall be necessary so that after giving effect thereto such condition no longer exists.