Examples of Primary Revolving Lender in a sentence
In the case of any such request with respect to (i) Committed Primary Revolving Loans or Letters of Credit, such request shall be subject to the prior written consent of the Administrative Agent and each Primary Revolving Lender, and (ii) Committed Singapore Revolving Loans, such request shall be subject to the prior written consent of the Administrative Agent and each Singapore Revolving Lender.
Interest accrued pursuant to any Swing Line Loan shall be for the account of the Swing Line Lender, except that interest accrued on any Swing Line Loan on and after the date of funding by any Primary Revolving Lender of its risk participation therein shall be for the account of such Primary Revolving Lender to the extent of such funded risk participation.
Each Primary Revolving Lender shall make an amount equal to its Applicable Primary Revolving Percentage of the amount specified in such notice available to the Administrative Agent in Same Day Funds for the account of the Swing Line Lender at the Agent’s Office not later than 1:00 p.m., Specified Time, on the Business Day specified in such notice by the Administrative Agent.
Promptly upon receipt of such notice, the Administrative Agent will give notice thereof to each Primary Revolving Lender, specifying in such notice such Lender’s Applicable Primary Revolving Percentage of such Swing Line Loan or Loans.
If such Primary Revolving Borrower fails so to reimburse such L/C Issuer for such L/C Disbursement, such L/C Issuer shall promptly notify the Administrative Agent thereof, and, upon receipt of such notice, the Administrative Agent shall promptly notify each Primary Revolving Lender of the Honor Date of such L/C disbursement, the unreimbursed amount and currency thereof (the “Unreimbursed Amount”) and the amount of such Lender’s Applicable Primary Revolving Percentage of the Unreimbursed Amount.
The Company shall pay to the Administrative Agent for the account of each Primary Revolving Lender in accordance with its Applicable Primary Revolving Percentage, in Dollars, a Letter of Credit fee (the “Letter of Credit Fee”) for each Letter of Credit (other than, following the Letter of Credit Expiration Date, any Extended Letter of Credit) equal to the Applicable Rate times the Dollar Equivalent of the daily amount available to be drawn under such Letter of Credit.
A certificate of the applicable L/C Issuer submitted to any Primary Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this clause (v) shall be conclusive absent manifest error.
A certificate of the Swing Line Lender submitted to any Primary Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this clause (ii) shall be conclusive absent manifest error.
In addition to the accounts and records referred to in subsection (a), each Primary Revolving Lender and the Administrative Agent shall maintain in accordance with its usual practice accounts or records evidencing the purchases and sales by such Primary Revolving Lender of participations in Letters of Credit and Swing Line Loans.
Within the limits of the Primary Revolving Credit Commitment of each Primary Revolving Lender, amounts of Primary Revolving Loans repaid may be reborrowed under this Section 2.1.