Examples of Revolving Loan in a sentence
The agreement of each Lender to make any Revolving Loan requested to be made by it on any date (excluding Revolving Loans required to be made by the Revolving Lenders in respect of Unpaid Drawings pursuant to Section 3.04), and the obligation of any L/C Issuer to issue Letters of Credit on any date, is subject to the satisfaction or waiver of the conditions precedent set forth in the following Sections Error! Reference source not found.
If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included in the relevant Borrowing or L/C Advance in respect of the relevant L/C Borrowing, as the case may be.
If such Lender pays such amount (with interest and fees as aforesaid), the amount so paid shall constitute such Lender’s Revolving Loan included in the relevant Borrowing or funded participation in the relevant Swingline Loan, as the case may be.
Any Funding Notice for a Revolving Loan that is a SOFR Loan or an RFR Loan shall be subject to Section 2.18.
Each Revolving Loan shall mature, and the outstanding principal amount thereof shall be due and payable, on the Termination Date.