Examples of Class B Revolving Loan in a sentence
On or prior to the first date upon which any Class B Revolving Lender makes a Class B Revolving Loan to Company pursuant to Section 2.1(a)(ii), each Class B Lender hereby agrees to appoint an agent to act in accordance with the terms hereof and the other Credit Documents (the “Class B Agent”).
Notwithstanding anything herein to the contrary, on any Credit Date with respect to a Credit Extension of a Class B Revolving Loan, Company may without further action on the part of Company distribute the proceeds of such Class B Revolving Loan to Holdings so long as no Class B Borrowing Base Deficiency or Class A Borrowing Base Deficiency has occurred or would result therefrom (a “Borrower Distribution”).
On and after the Amendment No. 1 Closing Date, no Class B Revolving Loan may be requested and no Class B Revolving Loan shall be funded unless the Class A Revolving Commitment have been fully funded and no availability exists thereunder.
Art.2 (25).with controlling online copyright violations like file sharing35 and providing suitable means to collect royalty of protected copyright works over the internet.
Each Class B Revolving Lender will make its Commitment Percentage of each Class B Revolving Loan borrowing available to the Agent for the account of the Borrower at the office of the Agent specified in Schedule 11.2, or at such other office as the Agent may designate in writing, by 1:30 P.M. (Milwaukee, Wisconsin time) on the date specified in the applicable Notice of Borrowing in Dollars and in funds immediately available to the Agent.
The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Class B Lender the then unpaid principal amount of each Class B Revolving Loan of such Class B Lender on the Termination Date of the Class B Revolving Commitments (or on the respective Termination Date following any Extension of Revolving Commitments with respect to any Class B Revolving Commitments pursuant to Section 2.27).
The Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each Class B Lender the then unpaid principal amount of each Class B Revolving Loan of such Class B Lender on the Termination Date of the Class B Revolving Commitments (or on the respective Termination Date following any Extension of Revolving Commitments with respect to any Class B Revolvingof Revolving Loan Commitments pursuant to Section 2.27).
On or prior to the first date upon which any Class B Revolving Lender makes a Class B Revolving Loan to Company pursuant to Section 2.1(a)(ii), the Class B Revolving Lenders hereby agree to appoint an agent to act on behalf of the Class B Revolving Lenders in accordance with the terms hereof and the other Credit Documents (the “Class B Agent”).
Each such request for borrowing shall be irrevocable and shall specify (A) that a Class A Revolving Loan or a Class B Revolving Loan is requested, (B) the date of the requested borrowing (which shall be a Business Day), (C) the aggregate principal amount to be borrowed, and (D) whether the borrowing shall be comprised of Prime Rate Loans, Eurodollar Loans or a combination thereof, and if Eurodollar Loans are requested, the Interest Period(s) therefor.
Notwithstanding anything herein to the contrary, on LEGAL_US_E # 152147085.3152147085.12 any Credit Date with respect to a Credit Extension of a Class B Revolving Loan, Company may without further action on the part of Company distribute the proceeds of such Class B Revolving Loan to Holdings so long as no Class B Borrowing Base Deficiency or Class A Borrowing Base Deficiency has occurred or would result therefrom (a “Borrower Distribution”).