Definition of Participating Revolving Credit Lender


Participating Revolving Credit Lender means any Lender holding a Participating Revolving Credit Commitment.
Sample 1

Examples of Participating Revolving Credit Lender in a sentence

Until each Participating Revolving Credit Lender funds its Base Rate Loan or risk participation pursuant to this Section 2.04 to refinance such Lenders Pro Rata Share or other applicable share provided for under this Agreement of any Swing Line Loan, interest in respect of such Pro Rata Share or other applicable share provided for under this Agreement shall be solely for the account of the Swing Line Lender.
Immediately upon the making of a Swing Line Loan, each Participating Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lenders Pro Rata Share or other applicable share provided for under this Agreement times the amount of such Swing Line Loan.
Immediately upon the issuance of each Letter of Credit, each Participating Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the relevant L/C Issuer a risk participation in such Letter of Credit in an amount equal to the product of such Lenders Pro Rata Share or other applicable share provided under this Agreement times the stated amount of such Letter of Credit.
Immediately upon the making of a Swing Line Loan by any Swing Line Lender, each Participating Revolving Credit Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from such Swing Line Lender a risk participation in such Swing Line Loan in an amount equal to the product of such Lenders Pro Rata Share times the amount of such Swing Line Loan.
If such Participating Revolving Credit Lender pays such amount, the amount so paid shall constitute such Lenders Revolving Credit Loan included in the relevant Borrowing or funded participation in the relevant Swing Line Loan, as the case may be.