Definition of A-1 Revolving Credit Lender


A-1 Revolving Credit Lender means Lenders with an A-1 Revolving Credit Loan Commitment.
Sample 1

Examples of A-1 Revolving Credit Lender in a sentence

Nothing contained in this Section shall be deemed to relieve any A-1 Revolving Credit Lender from its obligation to fulfill its obligations hereunder or to prejudice any rights which the Borrower may have against any A-1 Revolving Credit Lender as a result of any default by such A-1 Revolving Credit Lender hereunder.
Promptly after receipt of a Request and Interest Rate Election, Agent shall notify each A-1 Revolving Credit Lender, by telephone, telex or telecopy of the proposed borrowing.
Class A-1 Revolving Credit Lender means, at any time, any Lender that has a Class A-1 Revolving Credit Commitment at such time.
If such corresponding amount is not in fact made available to Agent by such A-1 Revolving Credit Lender, Agent shall be entitled to recover such corresponding amount from such A-1 Revolving Credit Lender promptly upon demand by Agent together with interest thereon, for each day from such date until the date such amount is paid to Agent, at the Federal Funds Rate for three (3) Business Days and thereafter at the interest rate on the Loan in question.
If such A-1 Revolving Credit Lender does not pay such corresponding amount forthwith upon Agent's demand therefor, Agent shall promptly notify the Borrower and the Borrower shall promptly pay such corresponding amount to Agent.