Examples of Revolving Credit Facility Administrative Agent in a sentence
If Administrative Agent does not receive agreements from Lenders (or Additional Lenders) in an amount sufficient to fund the requested Incremental Revolving Credit Facility, Administrative Agent shall so notify the Borrower and the request for Incremental Revolving Credit Facility shall be deemed automatically rescinded; provided, the Borrower may submit a replacement Notice of Incremental Revolving Credit Facility setting forth different terms for the requested Incremental Revolving Credit Facility.
The Company Parties shall host a weekly telephonic meeting with the DIP Agent, the Revolving Credit Facility Administrative Agent, the FLLO Ad Hoc Group, and Franklin to discuss whether to reject or assume any midstream contracts, and (if applicable) the strategy to renegotiate any midstream contracts.
In normal times it's extremely hard to find good caregivers who want to do the job because they aren't paid enough to earn a living on.
Such Letter of Credit Application must be received by such L/C Issuer and the Revolving Credit Facility Administrative Agent not later than 11:00 a.m. at least three Business Days (or such later date and time as such L/C Issuer may agree in a particular instance in its sole discretion) prior to the proposed issuance date or date of amendment, as the case may be.
Revolving Credit Facility Administrative Agent means HSBC Bank PLC., solely in its capacity as administrative agent under the Revolving Credit Agreement, and together with any of its successors in such capacity.
The Revolving Credit Facility Administrative Agent may (and may direct the Collateral Agent to), from time to time after funds are deposited in any Cash Collateral Account, apply funds then held in such Cash Collateral Account to the payment of any amounts, in accordance with Section 2.08(c) or (d) (Mandatory Prepayments) and Section 2.13(g) (Payments and Computations), as shall have become or shall become due and payable by the Borrower to the L/C Issuer or Lenders in respect of the L/C Obligations.
Although there is some suggestion in the Notice that any new standard could allow for delivery of the full MVPD services, even if technically feasible, third parties would be under no obligation to do so.
This Agreement shall be binding upon the Revolving Credit Facility Collateral Agent, the Revolving Credit Facility Administrative Agent, the Revolving Credit Claimholders, the Term Loan Collateral Agent, the Term Loan Administrative Agent, the Term Loan Claimholders, each Additional Pari Passu Debt Representative, the Additional Pari Passu Claimholders and their respective successors and assigns.
Not later than 11:00 a.m. on the date of any payment by the L/C Issuer under a Letter of Credit (each such date, an "Honor Date"), the Borrower shall reimburse such L/C Issuer through the Revolving Credit Facility Administrative Agent in an amount equal to the amount of such drawing.
To date, the disbursement rate is at 2% and is expected to increase to 20% by October, 2020 with the implementation of PBF activities.