Examples of Supplemental Revolving Loans in a sentence
If at any time the aggregate principal amount of all Supplemental Revolving Loans outstanding for all Supplemental Revolving Lenders exceeds the aggregate of the Supplemental Revolving Loan Commitments of the Supplemental Revolving Lenders then in effect, the Borrower shall immediately prepay the Supplemental Revolving Loan Obligations in an aggregate principal amount equal to such excess together with any accrued but unpaid interest with respect to such excess.
Subject to the earlier acceleration or prepayment of the Supplemental Revolving Loans as permitted or required by this Agreement, the Borrower shall repay all Supplemental Revolving Loans then outstanding on the Supplemental Revolver Termination Date.
Prior to the Supplemental Revolver Termination Date, Supplemental Revolving Loans may be repaid and reborrowed by the Borrower in accordance with the provisions hereof.
Nothing herein shall limit the Agent's or any Lender's right to recover or realize from the Collateral or Mortgaged Property located in the State of Florida amounts in excess of that allocated to the Revolving Loans, Supplemental Revolving Loans and Swing Line Loans or to apply amounts so recovered or realized against the Obligations in such order as required pursuant to the Loan Documents.
Each conversion or continuation of Supplemental Revolving Loans shall be allocated among the Supplemental Revolving Loans of the Supplemental Revolving Lenders in accordance with their respective Supplemental Revolving Loan Pro Rata Shares.
During the Clean-down Period for each fiscal year of the Borrower, the aggregate unpaid principal amount of outstanding Revolving Loans and Supplemental Revolving Loans, plus outstanding Letters of Credit Usage (which are not cash collateralized in a manner satisfactory to the Administrative Agent) shall not exceed the Clean-down Amount.
During the period from and including the date thereof to but not including the Supplemental Revolving Credit Termination Date, the Company may use the Supplemental Revolving Credit Commitments by borrowing, repaying and reborrowing Supplemental Revolving Loans in whole or in part, all in accordance with the terms and conditions of this Agreement.
Borrower may, to the extent otherwise permitted by Section 2.1(b), repay such corresponding amount by requesting Supplemental Revolving Loans from the Funding Lenders.
For purposes of this Section, Supplemental Revolving Loans shall be deemed a utilization of the Acquisition Financing Commitments.
The Agent shall as promptly as practicable give each Revolving Lender and Supplemental Revolving Lender written notice (or telephonic notice confirmed in writing) of each proposed Borrowing with respect to Revolving Loans and Supplemental Revolving Loans, of such Revolving Lender's Revolving Loan Pro Rata Share thereof, of such Supplemental Revolving Lender's Supplemental Revolving Loan Pro Rata Share thereof and of the other matters covered by the Notice of Borrowing.