Examples of RLC Commitment in a sentence
Any reduction in the aggregate amount of the RLC Commitment shall reduce each Bank's share of the RLC Commitment by its Pro Rata Share of the aggregate amount of such reduction.
Any reduction in the RLC Commitment may not be reinstated without the mutual prior consent of the Borrower and the Banks.
Nothing herein shall be deemed to relieve any Bank from its obligations to fulfill its Pro Rata Share of the RLC Commitment hereunder or to prejudice any right which the Administrative Agent or the Borrower may have against any Bank as a result of any default by such Bank hereunder.
Each Bank agrees, severally but not jointly, to loan to or for the benefit of Borrower, and Borrower shall be entitled to draw upon and borrow, in the manner and upon the terms and conditions contained in this Credit Agreement, an amount that shall not exceed that Bank's Pro Rata Share of the RLC Commitment.
There shall be due and payable from Borrower to the Banks, and Borrower shall immediately repay to the Banks three (3) days after notice to Borrower, from time to time, any amount by which the RLC Balance exceeds the RLC Commitment.