Examples of Revolving Loan Availability Period in a sentence
Any Letter of Credit that shall have an expiration date after the end of the Revolving Loan Availability Period shall be subject to Cover or backed by a standby letter of credit in form and substance, and issued by a Person, acceptable to Agent in its sole discretion.
The approaches employed for this component may vary across risk assessments to reflect considerations described in the conceptual model and analysis plan, as well as regulatory needs.
Subject to the conditions in this Agreement, any such Loan repaid prior to the Revolving Loan Termination Date may be reborrowed pursuant to the terms of this Agreement; provided, that any and all such Loans shall be due and payable in full at the end of the Revolving Loan Availability Period.
Within the foregoing limit, the Borrower may borrow under this subsection (c), repay or (to the extent permitted by Section 2.09) prepay loans made under this subsection (c) and reborrow at any time during the Revolving Loan Availability Period under this subsection (c).
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.