Examples of Dutch Revolving Loan in a sentence
Each Dutch Borrower, jointly and severally, hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Dutch Revolving Lender, the then unpaid principal amount of each Dutch Revolving Loan of such Dutch Revolving Lender, and (ii) to the Dutch Swingline Lender the then unpaid principal amount of each applicable Dutch Swingline Loan, in each case, on the Maturity Date.
OIEG shall make prepayments of the Dutch Revolving Loans to the extent necessary so that the Total Utilization of Dutch Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for OIEG.
To the extent the outstanding aggregate amount of Dutch Revolving Loan Advances plus the amount of the Outstanding Letter of Credit Obligations of the Dutch Borrower exceeds the Dutch Revolving Credit Committed Amount as limited by the Dutch Borrowing Base and the Aggregate Revolving Loan Cap, the Dutch Borrower promises to pay such excess on demand.
The Dutch Revolving Loan Advances shall be deposited to a demand deposit account of the Dutch Borrower with the Lender or shall be otherwise applied as directed by the Dutch Borrower, which direction the Lender may require to be in writing.
For value received, the Dutch Borrower promises to pay to the order of the Lender, on the Dutch Revolving Credit Termination Date, the aggregate outstanding amount of all Dutch Revolving Loan Advances.
Any and all periodic or other statements or reconciliations, and the information contained in those statements or reconciliations, of the Dutch Revolving Loan Account shall be final, binding and conclusive upon the Dutch Borrower in all respects, absent manifest error, unless the Lender receives specific written objection thereto from the Dutch Borrower within thirty (30) Business Days after such statement or reconciliation shall have been sent by the Lender.
All credit entries to the Dutch Revolving Loan Account are conditional and shall be readjusted as of the date made if final and indefeasible payment is not received by the Lender in cash or solvent credits.
Additionally, the Dutch Borrower promises to pay to the order of the Lender interest on the outstanding aggregate principal amount (calculated on a daily basis) of all Dutch Revolving Loan Advances in the manner, and at the times, as herein set forth.
Any and all periodic or other statements or reconciliations, and the information contained in those statements or reconciliations, of the Dutch Revolving Loan Account shall constitute an account stated between the Lender and the Dutch Borrower, absent manifest error, unless the Lender receives specific written objection thereto from a Dutch Borrower within sixty (60) Business Days after such statement or reconciliation shall have been sent by the Lender.
Each Dutch Borrower, jointly and severally, hereby unconditionally promises to pay (i) to the Administrative Agent for the account of each Dutch Revolving Lender, the then unpaid principal amount of each Dutch Revolving Loan of such Dutch Revolving Lender, and (ii) to the Dutch Swingline Lender the then unpaid principal amount of each applicable Dutch Swingline Loan, in each case, on the Maturity Date.Delayed Draw Term Lender on the Delayed Draw Maturity Date.