Facility A Revolving Loan definition
Examples of Facility A Revolving Loan in a sentence
If payment of such costs is not made within ten (10) days of the Bank’s demand therefor, the Bank may, and the Borrower irrevocably authorizes the Bank to, charge the Borrower’s account with the Bank or make an advance under the Facility A Revolving Loan in order to satisfy such obligation of the Borrower.
The Borrower acknowledges that (i) the revolving nature of the Facility A Revolving Loan has been terminated, (ii) the Borrower has no right to request or borrow, and the Bank has no obligation to fund, advance or issue, any amounts under the Loan Agreement (including without limitation any Letters of Credit), and (iii) upon repayment of all or any amounts under the Loan Agreement, the Borrower no longer has the right to reborrow any or all of such amounts under the Loan Agreement.
Except as otherwise provided herein, Borrowers may borrow, repay and reborrow Facility A Revolving Loans until the Facility A Revolving Loan Maturity Date.
Borrowers shall pay the Commitment Fees in arrears on the last day of each March, June, September and December (commencing June 30, 2000) and on the Facility A Revolving Loan Maturity Date and the Facility B Revolving Loan Maturity Date, as the case may be (or if the Total Facility A Commitment or Total Facility B Commitment is cancelled on a date prior to the Facility A Revolving Loan Maturity Date or the Facility B Revolving Loan Maturity Date, as the case may be, on such prior date).
The Borrower acknowledges that, as of the date of this Amendment, the aggregate outstanding principal balance under the Facility A Revolving Loan is $22,135,000.00.
If payment of such costs is not made within ten (10) days of the Bank’s demand therefor, the Bank may, and the Borrower irrevocably authorizes the Bank to, charge the Borrower’s account with the Bank or make an advance under the Facility A Revolving Loan or the Facility B Revolving Loan in order to satisfy such obligation of the Borrower.
All Facility A Revolving Loans shall be made on a pro rata basis by Facility A Lenders in accordance with their respective Facility A Proportionate Shares, with each Facility A Revolving Loan Borrowing to be comprised of a Facility A Revolving Loan made by each Facility A Lender equal to such Facility A Lender's Proportionate Share of such Facility A Revolving Loan Borrowing.
The Borrower acknowledges that, as of the date of this Amendment, the aggregate outstanding principal balance under the Facility A Revolving Loan is $19,250,000.
Borrowers shall repay the principal amount of the Facility A Revolving Loans in full on the Facility A Revolving Loan Maturity Date.
Borrowers shall pay accrued interest on the unpaid principal amount of each Facility A Revolving Loan in arrears (A) in the case of a Base Rate Loan, on the last day of the month of each March, June, September and December, (B) in the case of a LIBOR Loan, on the last day of each Interest Period therefor (and, if any such Interest Period is longer than three (3) months, every three (3) months); and (C) in the case of all Facility A Revolving Loans, upon prepayment (to the extent thereof) and at maturity.