Examples of Increasing Revolving Lender in a sentence
Note: Under the Act, if the former resident’s right to reside is terminated by the operator because the operator is implementing an approved closure plan, then the operator must pay the exit entitlement 14 days after an agreed resale value of the right to reside is determined.
Upon the request of any Increasing Revolving Lender, the Borrower shall execute and deliver to the Administrative Agent, in exchange for any surrendered Revolving Credit Note or Revolving Credit Notes of any existing Revolving Credit Lender or with respect to any New Lender, a new Revolving Credit Note or Revolving Credit Notes to the order of the applicable Revolving Credit Lenders in amounts equal to the Revolving Credit Commitment of such Revolving Credit Lenders as set forth in the Register.
Upon the request of any Increasing Revolving Lender, the Parent Borrower shall execute and deliver to the Administrative Agent, in exchange for any surrendered Revolving Credit Note or Revolving Credit Notes of any existing Revolving Credit Lender or with respect to any New Lender, a new Revolving Credit Note or Revolving Credit Notes to the applicable Revolving Credit Lenders in amounts equal to the Revolving Credit Commitment of such Revolving Credit Lenders as set forth in the Register.
The Administrative Agent shall have received this Amendment, duly executed by each Borrower, the Administrative Agent, each May 2022 Increasing Revolving Lender, the Lenders constituting all of the Revolving Lenders and the Lenders constituting all of the Revolving Issuing Lenders.
At the sole discretion of each Increasing Revolving Lender, all or any portion of such Increasing Revolving Lender’s Additional Revolving Commitments Arrangement Fee may be allocated to any of its affiliates or paid to any other Lender or Lenders.