Revolver Loan definition
Examples of Revolver Loan in a sentence
Such purchase and sale of a Pounds Sterling Participation shall be deemed to occur automatically upon the making of a Pounds Sterling Revolver Loan by Bank of America, without any further notice to any Participating Pounds Lender.
Such purchase and sale of a Canadian Participation shall be deemed to occur automatically upon the making of a Canadian Revolver Loan by Bank of America, without any further notice to any Participating Canadian Lender.
The Pounds Sterling Participation Fee in respect of any Unfunded Pounds Sterling Participation in a Pounds Sterling Revolver Loan shall be payable to Administrative Agent in Pounds Sterling when interest on such Pounds Sterling Revolver Loan is received by Bank of America.
The Canadian Participation Fee in respect of any Unfunded Canadian Participation in a Canadian Revolver Loan shall be payable to Administrative Agent in Dollars when interest on such Canadian Revolver Loan is received by Bank of America.
If such Revolver Lender repays to Administrative Agent such corresponding amount, such amount so repaid shall constitute a Revolver Loan, and if both such Revolver Lender and Borrowers shall have repaid such corresponding amount, Administrative Agent shall promptly return to Borrowers such corresponding amount in immediately available funds.