Examples of Revolving Facility in a sentence
All payments made by the Borrower in respect of the Revolving Facility shall be deemed to have been made to the Administrative Agent for the benefit of the Lenders in respect of their Applicable Percentage.
The 2017 Credit Agreement provides a five-year senior secured credit facility, which consists of a €300 million (US$320.8 million) Euro denominated term loan facility (the "Euro Term Loan A"), an A$80 million (US$60.4 million) Australian Dollar denominated term loan facility (the "AUD Term Loan A"), and together with the Euro Term Loan A, the ("Term A Loan Facility"), and a US$400 million multi-currency revolving credit facility (the "2017 Revolving Facility").
For purposes of determining the undrawn portion of the Revolving Facility in respect of any Advance in US Dollars, the Administrative Agent shall determine the Exchange Equivalent of such Advance in US Dollars on the first Business Day of the applicable quarter in which such Standby Commitment Fee is payable.
Each Advance under the Revolving Facility shall, unless otherwise specifically provided for in this Agreement, be in a minimum amount of not less than $1,000,000 and integral multiples of $500,000 above such minimum amount.
The Borrower may at any time make optional prepayments on outstanding Revolving Loans under the Revolving Facility without affecting the right of the Borrower to re-borrow under such Revolving Facility up to its maximum available amount.