Examples of Revolving Facility Lender in a sentence
Immediately upon the issuance of each Letter of Credit under a Revolving Facility, each Revolving Facility Lender under such Revolving Facility shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the applicable Issuing Bank a risk participation in such Letter of Credit in an amount equal to the product of such Revolving Facility Lender’s Revolving Facility Percentage of such Revolving Facility times the amount of such Letter of Credit.
The Administrative Agent shall have received executed signature pages hereto from (u) the Administrative Agent, (v) the Collateral Trustee, (w) each Loan Party, (x) the Amendment No. 3 Additional Lenders, (y) each Revolving Facility Lender and (z) each Issuing Bank.
If the applicable Borrower fails to so reimburse the applicable Issuing Bank by such time, the Administrative Agent shall promptly notify each Revolving Facility Lender under the applicable Revolving Facility of the Honor Date, the amount of the unreimbursed drawing (the “Unreimbursed Amount”), and the amount of such Revolving Facility Lender’s Revolving Facility Percentage thereof.
Any Revolving Facility Lender shall also promptly notify Parent if it ceases to be an Irish Qualifying Lender or becomes an Irish Qualifying Lender after the date on which it becomes a party hereto.
Each repayment of a Borrowing (x) in the case of the Revolving Facility of any Class, shall be applied to the Revolving Facility Loans included in the repaid Borrowing such that each Revolving Facility Lender receives its ratable share of such repayment (based upon the respective Revolving Facility Credit Exposures of the Revolving Facility Lenders of such Class at the time of such repayment) and (y) in all other cases, shall be applied ratably to the Loans included in the repaid Borrowing.