Revolving Agent definition
Examples of Revolving Agent in a sentence
The parties hereto acknowledge that the exercise of certain of the Agent’s rights and remedies hereunder may be subject to, and restricted by, the provisions of the Intercreditor Agreement regarding intercreditor arrangements among the Agent and the Revolving Agent.
The Revolving Agent shall implement and maintain such Term Loan Push Down Reserve in accordance with the Intercreditor Agreement, and until such Term Loan Push Down Reserve is fully implemented by the Revolving Agent, Borrower shall not request any borrowing under the Revolving Credit Agreement that would result in an Overadvance (under and as defined in the Revolving Credit Agreement as in effect on the date hereof) if such Term Loan Push Down Reserve had been fully implemented.
Upon request by Agent or the Revolving Agent, Borrower shall include such Term Loan Push Down Reserve in the Borrowing Base certificate to be delivered to the Revolving Agent pursuant to the Revolving Credit Agreement (subject to update and correction pursuant to the Intercreditor Agreement).