Examples of Revolving Loan Lender in a sentence
Any reduction of the Aggregate 105 Commitments shall be applied to the Commitment of each Revolving Loan Lender according to its Applicable Percentage.
The Administrative Agent shall promptly notify each Revolving Loan Lender having submitted a Competitive Bid whether or not its offer has been accepted and, if its offer has been accepted, of the amount of the Bid Loan or Bid Loans to be made by it on the date of the applicable Bid Borrowing.
Upon its receipt of the Notes to be delivered hereunder on the Closing Date (if applicable), each Revolving Loan Lender will promptly return to the Borrower, marked “Cancelled” or “Replaced”, the notes of the Borrower held by such Revolving Loan Lender pursuant to the Original Credit Agreement (if applicable).
Each Revolving Loan Lender that has received notice pursuant to Section 2.03(g) that all or a portion of its Competitive Bid has been accepted by the Company shall make the amount of its Bid Loan(s) available to the Administrative Agent in immediately available funds at the Administrative Agent’s Office not later than 1:00 p.m. on the date of the requested Bid Borrowing.
Each Revolving Loan Lender and the Company agree that, in paying any drawing under a Letter of Credit, the L/C Issuer shall not have any responsibility to obtain any document (other than any sight draft, certificates and documents expressly required by the Letter of Credit) or to ascertain or inquire as to the validity or accuracy of any such document or the authority of the Person executing or delivering any such document.