RL Bank definition

RL Bank means at any time each Bank with a Revolving Loan Commitment or with outstanding Revolving Loans.

Examples of RL Bank in a sentence

• Promptly after it receives such notice, the Agent shall notify each RL Bank of the contents thereof and the amount of such RL Lender's participation in such Letter of Credit.

• McClelland RL, Bank A, Bluemke DA, Cushman M, Szalai AJ, Jain N, Gomes AS, Heckbert SR, Hundley WG, Lima JA.

• In the absence of a designation by the Borrowers pursuant to this Section 3.02, the amount of any reduction to the Revolving Loan Commitment of any RL Bank pursuant to this Section 3.02 shall apply (i) first, to reduce the Non-Canadian Revolving Loan Sub-Commitment of the respective RL Bank and (ii) second, to the extent in excess thereof, to reduce the Canadian Revolving Loan Sub-Commitment of such RL Bank.

• Notwithstanding anything to the contrary contained above, the failure of any RL Bank to purchase its participating interest in any Revolving Loans and Unpaid Drawings upon the occurrence of a Sharing Event shall not relieve any other RL Bank of its obligation hereunder to purchase its participating interests in a timely manner, but no RL Bank shall be responsible for the failure of any other RL Bank to purchase the participating interest to be purchased by such other RL Bank on any date.

• Amounts payable by any RL Bank pursuant to this Section 1.15 shall be paid to the Administrative Agent for the account of the relevant XX Xxxxx; provided that, if the Administrative Agent (in its sole discretion) has elected -------- to fund on behalf of such RL Bank the amounts owing to such XX Xxxxx, then the amounts shall be paid to the Administrative Agent for its own account.

• The Agent shall promptly transmit copies of each Letter of Credit Request to each RL Bank.

• The Administrative Agent or the Multi-Currency Agent, as the case may be, shall promptly transmit copies of each Letter of Credit Request to each RL Bank.

• The Administrative Agent shall deliver to each RL Bank by the end of each calendar month and upon each Letter of Credit fee payment date a report setting forth for such period the aggregate daily amount available to be drawn under trade Letters of Credit issued by all Letter of Credit Issuers that were outstanding during such period.

• Upon any change in the Revolving Loan Commitments or RL Percentages of the RL Bxxxx xxxsuant to Section 1.13 or 13.04, it is hereby agreed that, with respect to all outstanding Letters of Credit and Unpaid Drawings, there shall be an automatic adjustment to the participations pursuant to this Section 2.04 to reflect the new RL Percentages of the assignor and assignee RL Bank, as the case may be.

• A certificate of the Administrative Agent submitted to any RL Bank with respect to any amounts payable under this Section 1.15 shall be conclusive in the absence of manifest error.