Examples of Revolving Loan A in a sentence
Borrower shall pay accrued interest on the unpaid principal amount of each Revolving Loan (A) in the case of a Revolving Prime Rate Loan, on the last Business Day in each month, (B) in the case of a Revolving LIBOR Loan, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months); and (C) in the case of all Revolving Loans, upon prepayment (to the extent thereof) and at maturity.
A Revolving Credit Loan tied to the LIBOR Interest Rate is called a "LIBOR Revolving Loan," and a Revolving Credit Loan tied to the Prime Rate is called a "Prime Revolving Loan." A Revolving Credit Loan will be a Prime Revolving Loan any time it is not a LIBOR Revolving Loan.
The Borrower shall pay the Un-Used Fee A on the unused portion of the Revolving Loan A Commitment as per the Applicable Margin in accordance with Section 2.4 hereof.
The Revolving Loan A Commitment shall terminate on the Revolving Loan A Maturity Date and the Revolving Loan B Commitment shall terminate on the Revolving Loan B Maturity Date.
The Revolving Loans shall be evidenced at all times by Revolving Notes executed and delivered by the Borrower, payable to the order of the Bank in a principal amount equal to the dollar amount of the Revolving Loan A Commitment and the Revolving Loan B Commitment as in effect at the execution and delivery of the Notes and being in the form prepared by and acceptable to the Bank (as amended, restated, supplemented or otherwise modified from time to time, the “Revolving Notes”).
Denver-based American Midstream Partners is a growth-oriented limited partnership formed to own, operate, develop and acquire a diversified portfolio of midstream energy assets.
Borrower shall pay accrued interest in arrears on the unpaid principal amount of each Revolving Loan (A) no later than the fifteenth day in each calendar month for the preceding calendar month, and (B) at Maturity.
As a sublimit to the Revolving Loan A, Bank shall issue, for the account of Borrowers, one or more irrevocable, standby letters of credit (individually, an “L/C” and collectively, the “L/Cs”).
The Trustees shall not be required to make any further contribution or investment to any such company so as to retain the present interest received by them, but if such a call shall be made, they may, without any liability, accept a reduced interest, or, in their discretion, may make such further contribution or investment if the Trustees deem it to be a prudent investment of trust funds.
The aggregate amount of each Lender’s Pro Rata Share of the Revolving Loans and Letter of Credit Obligations shall not exceed the amount of such Lender’s Revolving Loan A Commitment or Revolving Loan A-1 Commitment (as the case may be), as the same may from time to time be amended in accordance with the provisions hereof.