Definition of Non-Extending Revolving Credit Lender


Non-Extending Revolving Credit Lender means, with respect to any extension of the Revolving Credit Maturity Date pursuant to Section 2.21, any Revolving Credit Lender that has not consented to or has been deemed not to have consented to such extension pursuant to Section 2.21.

Examples of Non-Extending Revolving Credit Lender in a sentence

Non-Extending Revolving Credit Lender means, with respect to any extension of the Revolving Credit Maturity Date pursuant to Section 2.21, any Revolving Credit Lender that has not consented to or has been deemed not to have consented to such extension pursuant to Section 2.21.
In the case of Non-Extending Revolving Credit Loans, each Non-Extending Revolving Credit Lender will make its Non-Extending Revolving Credit Percentage of the amount of each borrowing of Non-Extending Revolving Credit Loans available to the Administrative Agent for the account of the Borrower at the Funding Office prior to 12:00 Noon, New York City time, on the Borrowing Date requested by the Borrower in funds immediately available to the Administrative Agent.
For the avoidance of doubt, commencing on the Second Restatement Effective Date, (i) each Revolving Credit Commitment of an Extending Revolving Credit Lender shall be treated for all purposes as a Revolving B Credit Commitment and (ii) each Revolving Credit Commitment of a Non-Extending Revolving Credit Lender shall be treated for all purposes as a Revolving A Credit Commitment.
On or before the Revolving Credit Maturity Date of each Non-Extending Revolving Credit Lender, (1) the Borrower shall pay in full the principal of and interest on all of the Revolving Credit Loans made by such Non-Extending Revolving Credit Lender to the Borrower hereunder and (2) the Borrower shall pay in full all other amounts owing to such Revolving Credit Lender hereunder.
As used in this clause (g), ratable share shall mean, with respect to any Consenting Lender that is a Non-Extending Revolving Credit Lender, such Lender's Non-Extended Revolving Credit Commitment as a percentage of the total Non-Extended Revolving Credit Commitments of all Revolving Credit Lenders.