Examples of Aggregate Revolving Credit Loan Commitments in a sentence
The Utilization Fee shall accrue at all times during the Availability Period (and thereafter so long as any Loans remain outstanding) when the Total Amounts Outstanding are greater than or equal to 50% of the Aggregate Revolving Credit Loan Commitments, and shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December, commencing with the first such date to occur after the Closing Date, and on the Maturity Date (and, if applicable, thereafter on demand).
The Borrower shall have the right from time to time to permanently reduce the Aggregate Revolving Credit Loan Commitments, provided that (i) notice of such reduction is given not less than two Business Days prior to such reduction, (ii) the resulting Aggregate Revolving Credit Loan Commitments are not less than the Revolving Credit Facility Usage, and (iii) each partial reduction shall be in an amount at least equal to $5,000,000 and in multiples of $1,000,000 in excess thereof.
All of the Loan Parties’ obligations under this Article III shall survive termination of the Aggregate Revolving Credit Loan Commitments and repayment of all other Obligations hereunder.
The Administrative Agent will promptly notify the Lenders of any such notice of termination or reduction of the Aggregate Revolving Credit Loan Commitments.
For purposes of determining the Revolving Credit Facility Usage under the Aggregate Revolving Credit Loan Commitments at any time during which an Autoborrow Agreement is in effect, the Revolving Credit Facility Usage of all Swingline Loans shall be deemed to be the amount of the Swingline Sublimit.
If the commitment of each Lender to make Revolving Credit Loans has been terminated pursuant to Section 8.02 or, if the Aggregate Revolving Credit Loan Commitments have expired, then the Applicable Revolving Credit Loan Percentage of each Lender shall be determined based on the Applicable Revolving Credit Loan Percentage of such Lender most recently in effect, giving effect to any subsequent assignments.
All fees accrued until the effective date of any termination of the Aggregate Revolving Credit Loan Commitments shall be paid on the effective date of such termination.
Any reduction of the Aggregate Revolving Credit Loan Commitments shall be applied to the Revolving Credit Loan Commitment of each Lender according to its Applicable Revolving Credit Loan Percentage.
The Borrower shall have the right from time to time to permanently reduce the Aggregate Revolving Credit Loan Commitments, provided that (i) notice of such reduction is given not less than two Business Days prior to such reduction,(ii) the resulting Aggregate Revolving Credit Loan Commitments are not less than the Revolving Credit Facility Usage, and (iii) each partial reduction shall be in an amount at least equal to $5,000,000 and in multiples of $1,000,000 in excess thereof.