Examples of Revolving Loan Availability Period in a sentence
On the terms and subject to the conditions contained herein, Borrower Agent may request that L/C Issuer Issue, in accordance with L/C Issuer’s usual and customary business practices and for the account of the Borrowers, Letters of Credit (denominated in Dollars) from time to time on any Business Day during the period from the Closing Date through the expiration of the Revolving Loan Availability Period.
During the Revolving Loan Availability Period the Borrowers may borrow, prepay and reborrow the Revolving Loans.
Based on the above, the NRC staff has determined that the granting of the exemption request involves no significant hazards consideration because it does not: (1) Involve a significant increase in the probability or consequences of an accident previously evaluated; or (2) create the possibility of a new or different kind of accident from any accident previously evaluated; or (3) involve a significant reduction in a margin of safety.
The Borrowers agree to pay to the Administrative Agent for the account of the Revolving Credit Lenders in accordance with their Applicable Revolving Loan Percentage a commitment fee (the “Unused Revolver Fee”) for the period from and including the Effective Date to the last day of the Revolving Loan Availability Period, which shall accrue at the rate designated on the grid in the definition “Applicable Margin” on the average daily amount of the Unutilized Revolving Commitment.
During Revolving Loan Availability Period, Borrower may borrow, prepay and reborrow Revolving Loan, all in accordance with the terms and conditions hereof.2.2 T erm Loans.