Revolving Credit Commitments definition
Examples of Revolving Credit Commitments in a sentence
Optional reductions of the unused Revolving Credit Commitments shall be made on a pro rata basis among the outstanding Tranches of Revolving Credit Commitments.
All Commitment Fees accrued until the effective date of any termination of the Total Revolving Credit Commitments shall be paid on the effective date of such termination.
The Administrative Agent will promptly notify the Lenders of any termination or reduction of the unused portions of the Letter of Credit Sublimit, the unused Revolving Credit Commitments or the unused Term Loan Commitments under this Section 2.06.
Upon any reduction of unused Revolving Credit Commitments or unused Term Loan Commitments, the Revolving Credit Commitments or Term Loan Commitments, as applicable, of each Lender shall be reduced by such Lender’s Pro Rata Share of the amount by which the applicable Facility is reduced.
If such written approval of the Required Lenders under the Revolving Credit Facility is received by the Administrative Agent within such Extension Period, the Revolving Credit Facility Termination Date shall be extended to the Extension Date but only with respect to the Revolving Credit Commitments of the Lenders under the Revolving Credit Facility that have given such written approval.