Existing Revolving Loans definition
Examples of Existing Revolving Loans in a sentence
The Existing Revolving Loans shall have been repaid such that 50% of Existing Revolving Commitments are undrawn.
The Borrowers shall have paid to the Administrative Agent for the ratable account of the Consenting Revolving Lenders holding outstanding Existing Revolving Loans (prior to giving effect to this Amendment) all accrued and unpaid interest and any accrued and unpaid fees under Section 2.11(a) of the Existing Credit Agreement on such outstanding Existing Revolving Loans held by the Consenting Revolving Lenders to, but not including, the Third Amendment Effective Date.
For the avoidance of doubt, any Existing Revolving Commitments and Existing Revolving Loans of existing Revolving Lenders who are not Consenting Revolving Lenders (“2024 Non-Extending Revolving Lenders”) shall remain outstanding under the Amended Credit Agreement as Existing Revolving Commitments and Existing Revolving Loans subject to the same terms as conditions as in effect in the Existing Credit Agreement all of which terms have been incorporated into the Amended Credit Agreement.