Examples of Revolving Credit Agreements in a sentence
The carrying amounts of the Company's borrowings under its Revolving Credit Agreements approximate their fair values, since the interest rate under these agreements is variable.
Since the eleven different earnings series will deliver different estimates of earnings beta, I am also interested in examining their relative performance in order to assess whether the explanatory power of earnings beta is sensitive to the construction of the earnings series used to estimate beta.17 Finally, I identify the earnings beta with the best performance at the portfolio level and also conduct out-of-sample pricing tests.
At December 31, 2021, the Authority had borrowings totaling $22.2 million outstanding under the Direct Purchase Revolving Credit Agreements.
To obtain other funds, if needed, the Authority has entered into Revolving Credit Agreements with Bank of America N.A., TD Bank, N.A., and JP Morgan Chase Bank, N.A. These agreements allow the Authority to borrow up to a total of $500.0 million and expire at various dates.
The Authority deems it necessary and advisable that the Authority, in order to provide for a source of payment of the maturing principal of the Notes, (1) authorize any Authorized Officer to enter into one or more Revolving Credit Agreements with such Bank or Banks as shall be designated by the certificate of such Authorized Officer, and (2) issue its Revolving Credit Notes in an aggregate principal amount not exceeding the aggregate principal amount of Notes authorized hereunder.