Examples of Primary Syndication Period in a sentence
Notwithstanding anything else contained in this Section, no Lender may assign, or sell a participation in, its Revolving Credit Commitment during the Primary Syndication Period other than (i) assignments by the Syndication Agent and its Affiliates or (ii) assignments by a Lender to its Affiliates and Approved Funds of such Lender.
Subject to the provisions of this Section, at the election of the Borrowers, (i) Revolving Credit Loans shall bear interest at (A) the Base Rate plus the Applicable Margin or (B) the LIBOR Rate plus the Applicable Margin; provided that, unless the Primary Syndication Period has been successfully completed, the LIBOR Rate shall not be available until ten (10) Business Days after the Closing Date and (ii) any Swingline Loan shall bear interest at the Base Rate plus the Applicable Margin.
In 2017, Citation owned and operated an oil field in Crossville, Illinois within this District.