ASB Loans definition
Examples of ASB Loans in a sentence
The Agent shall record on its books the principal amount of the Revolving Loans owing to each Lender, including the ASB Loans owing to ASB, and the Agent Advances owing to the Agent, from time to time.
The Agent shall not request ASB to make any ASB Loan if (i) the Agent shall have received written notice from any Lender, or otherwise has actual knowledge, that one or more of the applicable conditions precedent set forth in Article X will not be satisfied on the requested Funding Date for the applicable Borrowing, (ii) the requested Borrowing would exceed Availability on such Funding Date or (iii) after giving effect to such ASB Loan, the aggregate amount of ASB Loans would exceed $2,500,000.
All Revolving Loans (other than ASB Loans and Agent Advances) shall be made by the Lenders simultaneously and in accordance with their Pro Rata Shares.
During the period between Settlement Dates, ASB with respect to ASB Loans, the Agent with respect to Agent Advances, and each Lender with respect to the Revolving Loans other than ASB Loans and Agent Advances, shall be entitled to interest at the applicable rate or rates payable under this Agreement on the actual average daily amount of funds employed by ASB, the Agent and the other Lenders.