Examples of Existing Revolving Loan in a sentence
On the Effective Date, the Outstanding Existing Revolving Loan Balance shall be continued, for all purposes of this Agreement, as Revolving Loans (as such term is defined below) hereunder.
On the Second Restatement Effective Date and upon the effectiveness of this Agreement, the Outstanding Existing Revolving Loan Balance shall constitute Revolving Credit Loans hereunder owing to the Lenders for all purposes of this Agreement and the other Loan Documents.
To the extent any Existing Revolving Loan is a Eurodollar Loan, such Revolving Loan shall continue as a Eurodollar Loan subject to the Interest Period applicable thereto immediately prior to the Closing Date.
If any such extension of the Existing Revolving Loan Commitment Termination Date shall not become effective, then the Revolving Loan Commitment shall reduce to zero on the Existing Revolving Loan Commitment Termination Date, and the Revolving Loan Commitment Termination Date shall remain the Existing Revolving Loan Commitment Termination Date.
The EMD shall be deposited in favour of “New Town Kolkata Development Authority” payable at Kolkata.