Examples of Revolving Loans in a sentence
Such amounts transferred to the Administrative Agent shall be applied against the amounts of the Swingline Lender’s Swingline Loans and, together with Swingline Lender’s Applicable Percentage of such Swingline Loan, shall constitute Revolving Loans of such Revolving Lenders, respectively.
Borrower Representative may, on at least thirty (30) days prior written notice received by Agent, permanently terminate the Loan facilities by repaying all of the outstanding Obligations, including all principal, interest and fees with respect to the Revolving Loans, and an Early Termination Fee in the amount specified in Section 3.2(b).
No Overadvance may remain outstanding for more than thirty (30) days and no Overadvance shall cause any Lender’s outstanding balance of Revolving Loans to exceed its Revolving Loan Commitment.
Interest, fees and other monetary Obligations due and owing under this Agreement may, in Agent’s discretion, be charged to the Loan Account, and will thereafter be deemed to be Revolving Loans and will bear interest at the same rate as other Revolving Loans.
All Swingline Loans shall be ABR Borrowings; provided that, from and after the Settlement of any Swingline Loans with Revolving Lenders in accordance with Section 2.05(c), the Revolving Loans of the Revolving Lenders resulting from such Settlement consisting of ABR Borrowings may be converted to Term Benchmark Borrowings in accordance with Section 2.08 hereof.