The Settlement Date. The amount of each Lender's Proportionate Share of Revolving Loans shall be computed weekly (or more frequently in the Agent's discretion) and shall be adjusted upward or downward based on all Revolving Loans (including Agent Advances) and repayments received by the Agent as of 5:00 p.m. (New York City time) on the last Business Day of the period specified by the Agent (such date, the "SETTLEMENT DATE").
Appears in 3 contracts
Sources: Credit Agreement (Spinnaker Industries Inc), Credit Agreement (Lynch Corp), Credit Agreement (Spinnaker Industries Inc)