Examples of Revolving Credit Facility Obligations in a sentence
The Borrower will not designate any Revolving Credit Facility Obligations as Designated Priority Obligations under the Collateral Agreement without the prior written consent of the Required Lenders.
Weighted average Less than 6 months 6-12months 1-2years 2-5years 5+years Total2018%£’000 £’000 £’000 £’000 £’000 £’000Non-interest bearing098,716 - - - - 98,716Variable interest rate instruments 8.16 5,103 129,285 - - - 134,388 103,819 129,285 - - - 233,104 Interest rate risk managementThe Company is exposed to interest rate risk as the Company borrows funds at floating interest rates.
If at any time, the sum of the aggregate amount of outstanding Revolving Credit Facility Obligations shall exceed the Revolving Committed Amount at such time, the Borrower immediately shall prepay the Swingline Loans, the Revolving Loans, and the Participation Interests (as set forth in clause (vi)(A) below) and/or cash collateralize the Letters of Credit comprised of the aggregate undrawn amount of Letters of Credit, in an aggregate amount sufficient to eliminate such excess.
All amounts required to be paid pursuant to this Section 3.3(b) shall be applied to Revolving Credit Facility Obligations.
After giving effect to the initial Loans made and Letters of Credit issued hereunder on the Closing Date, the Revolving Committed Amount, LESS the aggregate principal amount of the Revolving Credit Facility Obligations shall be equal to at least $3,000,000.