Examples of Existing Lenders in a sentence
The Borrowers have requested that the Existing Lenders and the Administrative Agent amend and restate the Existing Credit Agreement and the Lenders establish (a) a floor plan line of credit facility in an aggregate amount of up to $525,000,000.00 and (b) a revolving credit facility in an aggregate amount of up to $50,000,000.00 in favor of the applicable Borrowers, in each case on the terms and conditions of this Agreement.
Subject to the terms and conditions of this Agreement, the Existing Lenders and the Administrative Agent are willing to amend and restate the Existing Credit Agreement, and the Lenders, to the extent of their respective Commitments as defined herein, are willing severally to establish the requested floor plan line of credit facility and revolving credit facility, in favor of the applicable Borrowers, in each case on the terms and conditions of this Agreement.
In connection with each Extension, the Company will provide notification to the Agent (for distribution to the Existing Lenders), no later than 30 days prior to the Maturity Date of the applicable Existing Facility, of the requested new maturity date (the “Extended Maturity Date”) for the Extended Facility and the due date for Lender responses.