Class B Revolving Credit Lender definition

Class B Revolving Credit Lender shall continue to be outstanding under this Agreement from and after the Amendment No. 5 Effective Date as a Class B Revolving Credit Commitment. Each Revolving Credit Commitment outstanding immediately prior to the Amendment No. 5 Effective Date that is held by the Specified Lender shall (i) be converted under this Agreement as of the Amendment No. 5 Effective Date into a Term B-2 Commitment in an aggregate principal amount equal to $10,941,935.48 (giving effect to Section 2.06(b) and Section 2.01(b) hereof in the foregoing order) and (ii) terminate as a Revolving Credit Commitment in accordance with Section 2.06(b). Any Revolving Credit Loans outstanding on the Amendment No. 5 Effective Date that are held by a Class A Revolving Credit Lender shall be deemed to be Class A Revolving Credit Loans and any Revolving Credit Loans outstanding on the Amendment No. 5 Effective Date that are held by a Class B Revolving Credit Lender shall be deemed to be Class B Revolving Credit Loans. Any Revolving Credit Loans made (including without limitation those required to be made under Sections 2.03 and 2.04) on or after the Amendment No. 5 Effective Date (including for the avoidance of doubt and without limitation Revolving Credit Loans and Revolving Credit Borrowings made pursuant to Sections 2.03(c)(i), 2.03(c)(ii) and 2.04(c)(i)) shall be made ratably in accordance with the Pro Rata Share of Revolving Credit Commitments of each Revolving Credit Lender (and for the avoidance of doubt, shall be made ratably among the Class A Revolving Credit Commitments and the Class B Revolving Credit Commitments such that the Class A Revolving Credit Loans and the Class B Revolving Credit Loans shall always comprise the percentage that the Class A Revolving Credit Commitments and the Class B Revolving Credit Commitments, respectively, comprise of the Revolving Credit Commitments as of such date). For the avoidance of doubt, (i) all Borrowings of Revolving Credit Loans at any time prior to the date that is five (5) Business Days prior to the Maturity Date of the Class A Revolving Credit Facility shall be made, and deemed to be made, ratably among the Class A Revolving Credit Lenders and the Class B Revolving Credit Lenders, and (ii) all Borrowings of Revolving Credit Loans prior to the Maturity Date of the Class B Revolving Credit Facility but on or after the date that is five (5) Business days prior to the Maturity Date of the Class A Revolving Credit Facility shall be made, and deeme...
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Class B Revolving Credit Lender means, at any time, any Lender that has a Class B Revolving Credit Commitment at such time or, if the Class B Revolving Credit Commitments have terminated, Class B Revolving Credit Exposure; provided that, as of the Amendment No. 5 Effective Date, no Lender can be both a Class B Revolving Credit Lender and a Class A Revolving Credit Lender.
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Class B Revolving Credit Lender means, at any time, any Lender that has a Class B Revolving Credit Commitment at such time.
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Examples of Class B Revolving Credit Lender in a sentence

  • Any Revolving Credit Loans outstanding on the Amendment No. 5 Effective Date that are held by a Class A Revolving Credit Lender shall be deemed to be Class A Revolving Credit Loans and any Revolving Credit Loans outstanding on the Amendment No. 5 Effective Date that are held by a Class B Revolving Credit Lender shall be deemed to be Class B Revolving Credit Loans.

  • Notwithstanding the foregoing, as of the Amendment No. 5 Effective Date, no Lender may be both a Class A Revolving Credit Lender and a Class B Revolving Credit Lender.

Related to Class B Revolving Credit Lender

  • New Revolving Credit Lender has the meaning specified in Section 2.14(a).

  • Extending Revolving Credit Lender has the meaning set forth in Section 2.16(c).

  • Incremental Revolving Credit Lender means a Lender with an Incremental Revolving Credit Commitment or an outstanding revolving loan under the Credit Agreement of any class as a result of an Incremental Revolving Credit Commitment.

  • Required Revolving Credit Lenders means, at any date, Non-Defaulting Lenders holding a majority of the Adjusted Total Revolving Credit Commitment at such date (or, if the Total Revolving Credit Commitment has been terminated at such time, a majority of the Revolving Credit Exposure (excluding Revolving Credit Exposure of Defaulting Lenders) at such time).

  • Revolving Credit Lenders means the financial institutions from time to time parties hereto as lenders of the Revolving Credit.

  • Revolving Credit Lender means, at any time, any Lender that has a Revolving Credit Commitment at such time.

  • Majority Revolving Credit Lenders means Revolving Credit --------------------------------- Lenders having at least 51% of the aggregate amount of the Revolving Credit Commitments or, if the Revolving Credit Commitments shall have terminated, Lenders holding at least 51% of the sum of (a) the aggregate unpaid principal amount of the Revolving Credit Loans plus (b) the aggregate amount of all Letter of Credit Liabilities.

  • New Revolving Lender as defined in Section 2.24.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • U.S. Revolving Credit Commitment shall have the meaning assigned to such term in Section 2.1(c).

  • Extending Revolving Lender shall have the meaning given to such term in Section 2.22(a)(iii).

  • Revolving Credit Percentage as to any Revolving Credit Lender at any time, the percentage which such Lender's Revolving Credit Commitment then constitutes of the Total Revolving Credit Commitments (or, at any time after the Revolving Credit Commitments shall have expired or terminated, the percentage which the aggregate principal amount of such Lender's Revolving Credit Loans then outstanding constitutes of the aggregate principal amount of the Revolving Credit Loans then outstanding).

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Lenders means, as of any date of determination, Lenders having a Revolving Loan Commitment.

  • Existing Revolving Credit Commitment shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Loan Commitment Percentage means, as to any Lender, (a) on the Closing Date, the percentage set forth opposite such Lender’s name on the Commitment Annex under the column “Revolving Loan Commitment Percentage” (if such Lender’s name is not so set forth thereon, then, on the Closing Date, such percentage for such Lender shall be deemed to be zero), and (b) on any date following the Closing Date, the percentage equal to the Revolving Loan Commitment Amount of such Lender on such date divided by the Revolving Loan Commitment on such date.

  • Aggregate Revolving Credit Commitment means the aggregate amount of the Revolving Credit Commitments of the Revolving Credit Lenders at any given time. The Aggregate Revolving Credit Commitment on the Closing Date is $1,250,000,000.

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment or, if the U.S. Revolving Commitments have terminated or expired, a Lender with U.S. Revolving Exposure.

  • Incremental Revolving Lender means a Lender with an Incremental Revolving Commitment.

  • Revolving Lender means a Lender with a Revolving Commitment or, if the Revolving Commitments have terminated or expired, a Lender with Revolving Exposure.

  • Revolving Credit Committed Amount has the meaning described in Section 2.1.1 (Revolving Credit Facility).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Revolving Loan Commitment means the commitment of a Revolving Lender to make Revolving Loans to Company pursuant to subsection 2.1A(ii), and “Revolving Loan Commitments” means such commitments of all Revolving Lenders in the aggregate.