Examples of General Revolving Loan in a sentence
Each such Lender shall make the amount of such General Revolving Loan available to the Administrative Agent in immediately available funds at the Payment Office not later than 2:00 P.M. (local time at the Payment Office), if such notice is received by such Lender prior to 11:00 A.M. (local time at its Domestic Lending Office), or not later than 2:00 P.M. (local time at the Payment Office) on the next Business Day, if such notice is received by such Lender after such time.
Decks, ramps, coping, steps, markings, brand insignias and similar surfaces shall be slip- resistant and easily cleanable.
The Borrower promises also to pay interest on the unpaid principal amount of each General Revolving Loan made by the Lender to the Borrower and evidenced hereby in like money at said office from the date hereof until paid at the rates and at the times provided in section 2.7 of the Credit Agreement.
This Note evidences any General Revolving Loan made by the Lender in excess of such amount.
For purposes of this Agreement, Loans may be classified and referred to by Class (e.g., a "General Revolving Loan") or by Type (e.g., a "Eurodollar Loan").
The Bank will lend and relend money to the Borrower from time to time (the "General Revolving Loan"); provided that the outstanding principal amount of the General Revolving Loan shall not at any time exceed $_______________; and further provided that the Bank may, at its sole discretion, terminate or modify the terms of the General Revolving Loan upon 90 days written notice to the Borrower.
The General Revolving Loan (including the first such loan and all additional such loans) shall be evidenced by the Borrower's General Demand Note, in form and substance acceptable to the Bank, in the dollar amount specified in the preceding sentence, being the maximum amount of the General Revolving Loan available to the Borrower under this Agreement.
During such periods as a General Revolving Loan or a Swing Line Revolving Loan is a Prime Rate Loan, the unpaid principal amount thereof shall bear interest at a fluctuating rate per annum that shall at all times be equal to the Prime Rate in effect from time to time plus the Applicable Prime Rate Margin (as defined below) in effect from time to time.
No General Revolving Loan may be converted to or from an Alternate Currency Loan.
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