Examples of Revolving Commitment in a sentence
If the Revolving Commitment is increased in accordance with this Section, the Administrative Agent and Borrowers shall determine the effective date (the “Increase Effective Date”).
If the Administrative Agent does not respond within such time period, the Administrative Agent shall be deemed to have declined to increase the Revolving Commitment.
The Administrative Agent shall notify Borrowers within such time period whether or not it agrees to increase the Revolving Commitment.
Without limiting Section 11.1, (a) the Revolving Commitment expires on the Maturity Date, and (b) all Obligations must be paid in full by Borrowers on the Maturity Date.
On the Increase Effective Date, the definition of Revolving Commitment shall be amended and revised to reflect such increase.