Revolving Period Termination Date definition
Examples of Revolving Period Termination Date in a sentence
In no event shall Receivables be transferred to the Borrower on or after the Revolving Period Termination Date.
At any time prior to the Revolving Period Termination Date, the Borrower Representative, on behalf of the Borrowers, may request in a writing sent to the Agent and each Lender no more than ninety (90) nor fewer than sixty (60) days prior to the applicable Commitment Termination Date that each Lender extend the Commitment Termination Date for an additional period to a date specified in such request, which request will be granted or denied by each Lender in its sole discretion.
Provided that no Early Amortization Event, Unmatured Initial Servicer Default, Initial Servicer Default, Event of Default or Unmatured Event of Default has occurred and is continuing, upon notice to the Administrative Agent and each Lender, the Borrower may from time to time request an increase in the Commitments of Lenders and/or an increase of the Maximum Facility Limit, at any time following the Closing Date and prior to the Revolving Period Termination Date.
A Responsible Officer of the Borrower may make a request to the Administrative Agent and the Lenders, upon written notice, to extend the Scheduled Revolving Period Termination Date for an additional period agreeable to the Administrative Agent and the Lenders in their sole discretion.
Subject to the terms and conditions of this Agreement (including, without limitation, Section 2.12), each Lender severally agrees to make one or more loans to the Borrower from time to time from and including the Closing Date to but excluding the Revolving Period Termination Date up to but not exceeding the positive remainder of (i) the amount of such Lender's Commitment as then in effect, minus (ii) such Lender's Commitment Percentage of the Letter of Credit Liabilities then outstanding.