Examples of Revolving Loan Advance in a sentence
Each Revolving Loan Advance shall be made on notice by the Borrower to one of the representatives of Agent identified in Schedule 1.1 at the address specified therein.
Each Lender will make the amount of its pro rata portion of the Revolving Loan Advance available to Agent for the account of the Borrower at the office of Agent specified to the Lenders, prior to 10:00 a.m. (New York City time) on the date of the proposed Revolving Loan Advance in funds immediately available to Agent.
Agent shall be entitled to rely upon, and shall be fully protected in relying upon, any Notice of Revolving Loan Advance, Notice of Conversion/Continuation or similar notice believed by Agent to be genuine.
Any such notice must be given no later than 11:00a.m. (New York City time) on the date which is three (3) Business Days prior to the proposed Revolving Loan Advance.
Upon receipt of a Notice of Revolving Loan Advance, Agent shall promptly notify each Lender of the aggregate amount of the Revolving Loan Advance and of the amount of such Lender’s pro rata portion thereof, which shall be based on their respective Commitments.