Examples of Incremental Revolver Loans in a sentence
Any Incremental Revolver Loans shall have the same terms (including, but not limited to, maturity date, voting rights and rights to receive the proceeds of prepayments but excluding the Applicable Margins for interest rates applicable thereto) as the existing Revolver Loans and shall be considered Revolver Loans hereunder.
At the time of sending such notice, Borrower Agent (in consultation with Agent) shall specify the time period within which each Lender is requested to respond and the proposed Applicable Margins (or range of proposed Applicable Margins) acceptable to Borrowers to be applicable to the requested Incremental Revolver Loans.
After giving effect to all Incremental Revolver Borrowings (June 2008), all conversions of Incremental Revolver Loans (June 2008) from one Type to the other, and all continuations of Incremental Revolver Loans (June 2008) as the same Type, there shall not be more than twelve (12) Interest Periods in effect in respect of the Incremental Revolver Facility (June 2008).
The obligations of the Incremental Revolver Lenders (June 2008) to make Incremental Revolver Loans (June 2008) are several and not joint.
Any unpaid principal and interest of the Incremental Revolver Loans (June 2008) and any other outstanding Obligations under any of the Incremental Revolver Commitments (June 2008) shall be due and payable in full on the Incremental Revolver Facility (June 2008) Maturity Date as set forth herein.
Notwithstanding anything to the contrary contained in the Credit Agreement, to the extent that such conditions require the delivery of a Request for Credit Extension in respect of any Incremental Revolver Loans, such condition shall be satisfied by the delivery of a notice of Incremental Revolver Borrowing, which shall be in the form of a Committed Loan Notice.
Incremental Revolver Loans (June 2008) may be Base Rate Loans or Eurodollar Rate Loans as further provided herein or in the Credit Agreement.
Each Incremental Revolver Borrowing (June 2008), each conversion of Incremental Revolver Loans (June 2008) from one Type to the other, and each continuation of Eurodollar Rate Loans in respect of the Incremental Revolver Facility (June 2008) shall be made in the same manner as set forth in Section 2.02 of the Credit Agreement with regard to Revolving Credit Borrowings and Revolving Credit Loans except as set forth herein or as the context otherwise requires.
Any Incremental Revolver Lender (June 2008) that has failed to fund any portion of the Incremental Revolver Loans (June 2008) required to be funded by it hereunder or under the Credit Agreement within one Business Day of the date required to be funded by it hereunder or under the Credit Agreement shall be considered a Defaulting Lender for purposes of the Incremental Revolver Facility (June 2008) as the term “Defaulting Lender” is used herein and in the Credit Agreement.
The Company may, upon notice to the Administrative Agent, at any time or from time to time voluntarily prepay Incremental Revolver Loans (June 2008) in whole or in part without premium or penalty in the same manner as set forth in Section 2.04(a) of the Credit Agreement with regard to Revolving Credit Loans.