Examples of Revolving Loans in a sentence
For purposes of computing commitment fees with respect to the Commitments, the Commitment of each Lender shall be deemed used to the extent of the outstanding Revolving Loans and LC Exposure, but not Swingline Exposure, of such Lender.
The Borrower shall only use the proceeds of the Revolving Loans in accordance with Section 5.11.
For purposes of computing commitment fees, the Revolving Commitments of any Class of a Revolving Lender shall be deemed to be used to the extent of the outstanding Revolving Loans of such Class and LC Exposure of such Class of all Lenders.
In the event that any Obligor shall receive any Net Return of Capital at any time after the Availability Period, the Borrower shall, no later than the third Business Day following the receipt of such Net Return of Capital, prepay the Loans and/or Cash Collateralize Letters of Credit in an amount equal to 100% of such Net Return of Capital (and the Revolving Commitments corresponding to the principal amount of Revolving Loans so prepaid shall be permanently reduced by such amount).
Each such prepayment shall be applied ratably first to the Swingline Loans to the full extent thereof, then to the Revolving ABR Loans to the full extent thereof, and finally to Term Benchmark Revolving Loans to the full extent thereof.