Examples of Extending Revolving Lender in a sentence
Extended Revolving Commitments shall be established pursuant to an amendment (each, a “Revolving Extension Amendment”) to this Agreement among the Borrower, the Administrative Agent and each Extending Revolving Lender, if any, providing an Extended Revolving Commitment thereunder, which shall be consistent with the provisions set forth in Sections 2.21(a), (b) and (d) (but which shall not require the consent of any other Lender).
Upon the Restatement Date, each Person that delivers to the Agent (or its counsel), on or prior to the Delivery Time, a signature page to this Agreement designating itself as an Additional Revolving Lender or an Extending Revolving Lender shall have the Revolving Credit Commitment set forth opposite its name in Schedule 2.01 to the Amended and Restated Credit Agreement.
Each Extending Revolving Lender hereby agrees, severally and not jointly, to extend the maturity date of its Revolving Commitments as set forth opposite such Extending Revolving Lender’s name as Extended Revolving Commitments on Schedule I attached hereto, on the terms set forth herein and in the Amended Credit Agreement, and subject to the conditions set forth in Section 7 below.
Nothing in any Loan Document shall affect any right that the Administrative Agent, any Refinancing Lender or any Extending Revolving Lender may otherwise have to bring any action or proceeding relating to this Amendment against Holdings or the Borrower or their respective properties in the courts of any jurisdiction.
If (and only if) any Revolving Lender has agreed so to extend their Revolving Termination Date (each, an “Extending Revolving Lender”), the Revolving Termination Date in respect of the Revolving Facility of each Extending Revolving Lender and of each Additional Revolving Commitment Lender shall be extended subject to the terms of any such 56 notice of extension and each Additional Revolving Commitment Lender shall thereupon become a “Revolving Lender” for all purposes of this Agreement.