Examples of Extending Revolving Credit Lenders in a sentence
Furthermore, such repayments and terminations required to be made to the Non-Extending Revolving Credit Lenders on the Non-Extended Revolving Credit Maturity Date shall not be subject to the pro rata sharing provisions of this Agreement (vis-à-vis) the Extending Revolving Credit Lenders, including without limitation Sections 10.1(a) and 10.3 hereof, unless the Revolving Credit Maturity Date for all of the Revolving Credit Lenders has occurred on or before such date.
For purposes of determining withholding Taxes imposed under FATCA, from and after the Effective Date, the Borrower and the Administrative Agent shall treat (and the Extending Revolving Credit Lenders and the Incremental Revolving Credit Lenders hereby authorize the Administrative Agent to treat) the Extended Revolving Credit Loans as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
Upon the foregoing repayment to the Non-Extending Revolving Credit Lenders, the Agent shall distribute to the Extending Revolving Credit Lenders and the Borrowers a revised Annex II (giving effect to the new Percentages resulting therefrom and from any assignments relating thereto), and all outstanding Advances of the Revolving Credit (if any) shall be reallocated among the Extending Revolving Credit Lenders based on such new Percentages.
The Borrower shall repay the aggregate amount of any Additional Revolving Credit Loans or Extended Revolving Credit Loans to the Administrative Agent on the maturity date to be agreed by the Borrower and the relevant Additional Revolving Credit Lenders or relevant Extending Revolving Credit Lenders, as applicable.
All staff (including supply staff, volunteers and governors) must ensure that they are aware of these procedures.
Extending Revolving Credit Lenders and Non-Extending Term Loan Lenders.
The effectiveness of any Revolving Extension Amendment shall be subject to the satisfaction on the date thereof of each of the conditions set forth in Sections 4.02(a) and 4.02(b) (with all references in such Sections to a Borrowing being deemed to be references to such Revolving Extension Request) and receipt of a certificate to that effect and, any other condition as may be agreed among the Borrowers, the Administrative Agent and the Extending Revolving Credit Lenders.
All Revolving Credit Loans will be made by Revolving Credit Lenders (including both Extending Revolving Credit Lenders and Non-Extending Revolving Credit Lenders) in accordance with their Pro Rata Shares (acting as a single Class) until the Maturity Date with respect to the Non-Extended Revolving Credit Commitments; thereafter, all Revolving Credit Loans will be made by the Extending Revolving Credit Lenders in accordance with their Pro Rata Shares.
For the avoidance of doubt, the authorization under this paragraph may include, without limitation, use or acceptance by the Extending Revolving Credit Lenders of a manually signed paper Communication which has been converted into electronic form (such as scanned into PDF format), or an electronically signed Communication converted into another format, for transmission, delivery and/or retention.
The Administrative Agent and the Extending Revolving Credit Lenders hereby agree that the notice requirements set forth in Section 2.16(b) of the Credit Agreement have been satisfied with respect to the Extended Revolving Credit Commitments.