Examples of Revolving Line of Credit Commitment in a sentence
Within the limits of each Lender’s Pro Rata Share of the Revolving Line of Credit Commitment Amount, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(a), prepay under Section 2.03, and reborrow under this Section 2.01(a).
Any reduction of the Revolving Line of Credit Commitment Amount or the Term Commitment Amount shall be applied to the applicable Commitment of each Lender according to its Pro Rata Share thereof.
Once reduced in accordance with this Section, neither the Revolving Line of Credit Commitment Amount nor the Term Commitment Amount may be increased.
During the three months ended September 30, 2011, the Operating Company recorded $6 thousand in adjusted net realized gain.
Borrower agrees to pay to the Agent for the account of the Bank an Unused Commitment Fee on the average daily unused portion of Bank's Revolving Line of Credit Commitment from the Availability Date until the Revolving Line of Credit Loan Maturity Date at the rate of 0.35% per annum, payable in arrears in quarterly installments payable on the first (1st) day of each third month after the Availability Date.