REVOLVING COMMITMENT PERIOD Sample Clauses
The Revolving Commitment Period clause defines the specific timeframe during which a borrower can draw down, repay, and re-borrow funds under a revolving credit facility. Typically, this period is set out in the loan agreement and may last for several years, during which the lender is obligated to make funds available up to a certain limit, provided the borrower meets ongoing conditions. The core function of this clause is to establish clear boundaries for when the revolving credit is accessible, thereby providing both parties with certainty regarding the availability of funds and the duration of the lender’s commitment.
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REVOLVING COMMITMENT PERIOD. Lender agrees to make Advances to Borrower, on the terms and subject to the limitations set forth herein, during the Revolving Commitment Period. Lender's commitment to make the Revolving Loan shall terminate on the Revolving Loan Maturity Date or the earlier occurrence of any Event of Default.
REVOLVING COMMITMENT PERIOD. The definition of "Revolving --------------------------- Commitment Period" in Section 1.1 of the Credit Agreement is hereby amended and restated as follows: