Revolving Credit Commitment Termination Date definition
Examples of Revolving Credit Commitment Termination Date in a sentence
Each Borrower shall repay to the Administrative Agent for the ratable account of each Revolving Credit Lender on the Revolving Credit Commitment Termination Date applicable to such Revolving Credit Lender the aggregate principal amount of the outstanding Revolving Credit Loans made by such Revolving Credit Lender in the currencies in which such Revolving Credit Loans are denominated.
It is understood and agreed that no Revolving Credit Lender shall have any obligation whatsoever to agree to any request made by the Administrative Borrower for any requested extension of the Revolving Credit Commitment Termination Date.
Each Letter of Credit shall have a stated expiration date no later than the earlier of (i) the date twelve months after the date of the issuance of such Letter of Credit (or, in the case of any extension of the expiration date thereof, whether automatic or by amendment, twelve months after the then-current expiration date of such Letter of Credit) and (ii) the date that is five Business Days prior to the Revolving Credit Commitment Termination Date.
If any Revolving Credit Lender shall fail to notify the Administrative Agent and the Administrative Borrower in writing of its consent to any such request for extension of the Revolving Credit Commitment Termination Date at least 20 days prior to the applicable anniversary date, such Revolving Credit Lender shall be deemed to be a Non-Consenting Revolving Lender with respect to such request.
The Administrative Agent shall notify the Administrative Borrower not later than 15 days prior to the applicable anniversary date of the decision of the Revolving Credit Lenders regarding the Administrative Borrower’s request for an extension of the Revolving Credit Commitment Termination Date.