Examples of Existing Revolving Loan Commitments in a sentence
On the Restatement Date, (i) all existing Revolving Loans and all other amounts owed under the Existing Credit Agreement with respect to Revolving Loans and Existing Revolving Loan Commitments shall be paid in full and (ii) the Existing Revolving Loan Commitments shall be terminated in whole.
Subject to the terms and conditions set forth in this Section 10.16 and Section 10.8, each Existing Lender agrees, severally and for itself alone, to assign a portion of its Existing Loans and Existing Revolving Loan Commitments in accordance with this Section 10.16.
Upon the terms and subject to the conditions of this Agreement, such outstanding Existing Revolving Loan Commitments and Existing Revolving Credit Advances shall constitute Revolving Loan Commitments and Revolving Credit Advances, respectively, under this Agreement from and after the Restatement Date, and shall henceforth be governed by the terms and conditions of this Agreement in all respects.
On the Restatement Date, the Additional Lenders shall purchase from the Departing Lenders, Existing Revolving Loan Commitments and the related Existing Credit Advances in amounts such that after giving effect to all such purchases, the Revolving Loan Commitments of the Lenders shall be as indicated on Annex I.
On the Restatement Date, the aggregate outstanding principal balance of the “Revolving Credit Advances” (as such term is defined in the Existing Credit Agreement) outstanding under the Existing Revolving Loan Commitments was $49,100,000 (“Existing Revolving Extensions of Credit”).
Under these circumstances, it was found appropriate to extend the life span of the existing aircraft to tide over the immediate problem.
Upon the maturity date of any tranche of Existing Revolving Loan Commitments, the sublimit for Swing Loans may be reduced as agreed between the Swingline Lender and the Parent Borrower, without the consent of any other Person.