Revolving Facility Advances definition
Examples of Revolving Facility Advances in a sentence
The occurrence of any conversion of Revolving Facility Advances as provided above in this Clause 28.18 shall be deemed to constitute, for purposes of Clause 33.2 (Break Costs), a prepayment of the respective Revolving Facility Outstandings before the last day of any Term relating thereto.
Any repayment of any Revolving Facility Outstandings under this Agreement shall be applied first against Revolving Facility Advances and when all Revolving Facility Advances have been repaid in full, to provide cash collateral in respect of any Outstanding L/C Amounts.
The sum of the aggregate unpaid principal balance of Base Facility Advances Outstanding and Revolving Facility Advances Outstanding at any time shall not exceed the Maximum Credit Commitment.
Upon and after the occurrence of an Event of Default, and during the continuation thereof, Agent may, and at the direction of Required Revolving Lenders (with respect to Revolving Facility Advances) or the Required Term Lenders (with respect to Term Loan Advances) shall, increase the interest rate so that the Obligations shall then bear interest at the applicable Contract Rate plus two (2%) percent per annum (the "Default Rate").
The Lender shall not be obligated to make any Revolving Facility Advances at any time after the expiration of the Revolving Facility Availability Period.
Proceeds of the Revolving Facility Advances and disbursements made under Credit Cards shall be used for general corporate purposes of the Borrower, including for repayment of any other Advances and reimbursement of draws under Letters of Credit.
Any Revolving Facility Advances drawn by Regentrealm shall be onlent via Finalrealm to the UB Holdings Group Companies pursuant to the relevant Intra-Group Loan Agreement.
No more than 15 Revolving Facility Advances may be outstanding at any one time.
Proceeds of the Revolving Facility Advances and disbursements made under Credit Cards shall be used for general corporate purposes of the Borrower, including, without limitation, for repayment of any other Advances and reimbursement of draws under Letters of Credit.
If, for any month during the Term, the average daily unpaid balance of the Revolving Facility Advances for each day of such month does not equal the Maximum Revolving Advance Amount, then Borrowers shall pay to Agent for the ratable benefit of the Revolving Lenders a fee at a rate equal to one half of one percent (0.50%) per annum on the amount by which the Maximum Revolving Advance Amount exceeds such average daily unpaid balance.