Examples of Revolving Loan Termination Date in a sentence
Subject to the terms and conditions set forth in this Agreement, including without limitation, Section 2.16, each Revolving Lender severally and not jointly agrees to make Revolving Loans to the Borrower during the period from and including the Effective Date to but excluding the Revolving Loan Termination Date, in an aggregate principal amount at any one time outstanding up to, but not exceeding, such Xxxxxx’s Revolving Commitment.
The Borrower shall have the right to request that the Administrative Agent and the Revolving Lenders agree to extend the then-applicable Revolving Loan Termination Date by one year (a “Revolving Loan Extension”).
For the avoidance of doubt, all Revolving Loans and Letters of Credit issued utilizing such increased Revolving Commitment shall (x) constitute Obligations under this Agreement and the other applicable Loan Documents, (y) will mature on the Revolving Loan Termination Date then in effect and (z) have terms identical to the existing Revolving Commitments.
Notwithstanding the preceding subsections, for the avoidance of doubt, if (i) the Requisite Lenders do not approve a request for a Revolving Loan Extension, or (ii) any of the conditions contained in the preceding subsection (a) are not satisfied, then the Revolving Loan Termination Date shall not be extended.
If the Revolving Loan Termination Date is being extended in accordance with Section 2.14, the Borrower shall pay to the Administrative Agent for the account of each Revolving Lender approving such extension a fee in an amount to be determined by the Borrower and the Administrative Agent.