Examples of Revolving A Loan Commitment in a sentence
Commencing on the Closing Date, Borrower shall pay to Administrative Agent, for the ratable benefit of Revolving A Lenders, a commitment fee equal to the Fee Percentage on the average daily unused portion of the Revolving A Loan Commitment of the Revolving A Lenders (other than the Defaulting Lenders, if any); provided, that the amount of outstanding Swing Loans shall not be considered usage of the Revolving A Loan Commitment for the purpose of calculating the Revolving A Loan Commitment Fee.
Within the limits of each Lender’s Revolving A Loan Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01(a), prepay under Section 2.04, and reborrow under this Section 2.01.(a).
The commitment fee described in this subclause (i) shall be calculated on a daily basis and shall be payable by the Borrower in arrears on each Monthly Payment Date and on the Revolving A Loan Commitment Termination Date.
Each Floating Rate Advance shall be in a minimum amount of $1,000,000 or in an integral multiple of $500,000 in excess thereof, provided, that any Floating Rate Advance may be in the amount of the unused Aggregate Revolving A Loan Commitment or the Aggregate Revolving B Loan Commitment, as the case may be.
The Administrative Agent will promptly notify the Lenders of any termination or reduction of the Letter of Credit Sublimit or the Aggregate Commitments, the Revolving A Loan Commitment or the Revolving B Loan Commitment under this Section 2.05.