Committed Revolving Loans definition

Committed Revolving Loans has the meaning provided in Section 2.01(a).

Committed Revolving Loans is amended to read as follows:

Committed Revolving Loans means any Revolving Loans made pursuant to Section 2.01(a), including the Incremental Revolving Loans established pursuant to Amendment No. 3 and any other Incremental Revolving Loans established hereunder.

Examples of Committed Revolving Loans in a sentence

• Committed Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein; provided, however, all Borrowings made on the Closing Date shall be made as Base Rate Loans.

• Committed Revolving Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

• Such request shall be made in writing (which written request shall be deemed to be a Committed Loan Notice for purposes hereof) and in accordance with the requirements of Section 2.02, without regard to the minimum and multiples specified therein for the principal amount of Base Rate Committed Revolving Loans, but subject to the unutilized portion of the Aggregate Revolving Commitments and the conditions set forth in Section 4.02.

• Each such prepayment shall be applied to the Committed Revolving Loans of the Lenders in accordance with their respective Applicable Percentages.

• Committed Revolving Loans may be Base Rate Loans or Eurocurrency Rate Loans, as further provided herein.

• All other computations of fees and interest shall be made on the basis of a 360-day year and actual days elapsed (which results in more fees or interest, as applicable, being paid than if computed on the basis of a 365-day year), or, in the case of interest in respect of Committed Revolving Loans denominated in Alternative Currencies as to which market practice differs from the foregoing, in accordance with such market practice.

• The failure of any Lender to make any Committed Revolving Loan shall neither relieve any other Lender of its obligation to fund its portion of the Committed Revolving Loans in accordance with the provisions of this Agreement nor increase the obligation of any such other Lender.

• Each such notice shall specify the date and amount of such prepayment and the Type(s) of Committed Revolving Loans to be prepaid and, if Eurocurrency Rate Loans are to be prepaid, the Interest Period(s) of such Loans.

• At any time that Committed Revolving Loans are outstanding, the Agent shall notify the Borrower and the Lenders of any change in the applicable prime rate or the LIBO Rate used in determining the applicable interest rate.

• Each Revolving Credit Borrowing of Committed Revolving Loans shall be made by the Lenders pro rata in accordance with their respective Applicable Percentage.

More Definitions of Committed Revolving Loans

Committed Revolving Loans means the principal amount of all Revolving Loans which any Syndication Party is obligated to make as a result of such Syndication Party having received a Funding Notice pursuant to Section 2.3 hereof, but which has not been funded.