Revolver Commitment definition
Examples of Revolver Commitment in a sentence
Administrative Agent may, with the consent of the Required Lenders (and upon the direction of the Required Lenders, shall) terminate, any Revolver Commitment upon or after the occurrence and during the continuance of an Event of Default as provided in Section 11.2 hereof.
The obligations of each Lender hereunder are several, and no Lender shall be responsible for the obligations or Revolver Commitment of any other Lender.
Upon at least 5 Business Days’ prior written notice to Administrative Agent, Borrower Representative may, at its option, terminate any Revolver Commitment; provided, however, no such termination by Borrower Representative shall be effective until all of the Obligations have been paid in full.
Subject to Sections 1.6.2 and 1.6.3, the Loan Modification Offer shall become effective and binding upon each Lender that accepts the Loan Modification Offer with respect to all or any portion of such ▇▇▇▇▇▇’s Loans and/or Revolver Commitment (such Lenders, the “Accepting Lenders”) in accordance with its terms regardless of whether or not other Lenders accept the Loan Modification Offer.
The provisions of the immediately preceding sentence of this Section 4.6 shall survive any termination of the Revolver Commitment and payment in full of the Obligations.