Examples of Revolving Credit Loan in a sentence
Each Lender shall, not later than 12:00 p.m. (Central time) on such requested date, wire to a bank designated by Administrative Agent the amount of that Lxxxxx’s Pro Rata Percentage of the requested Revolving Credit Loan.
The foregoing notwithstanding, Administrative Agent, in its sole discretion, may from its own funds make a Revolving Credit Loan on behalf of any Lender.
The proceeds of each Revolving Credit Loan that is deemed requested pursuant to subsection 4.1.1(ii) shall be disbursed by Administrative Agent in lawful money of the United States of America in immediately available funds by way of direct payment of the relevant interest or other Obligation.
The entire amount of interest attributable to such Revolving Credit Loan for the period from the date on which such Revolving Credit Loan was made by Administrative Agent on such Lxxxxx’s behalf until Administrative Agent is reimbursed by such Lxxxxx, shall be paid to Administrative Agent for its own account.
Each such notice shall specify the requested date and amount of such Revolving Credit Loan, whether such Revolving Credit Loan shall be subject to the LIBOR Option or Term SOFR Option, and the amount of each Lender’s advance thereunder (in accordance with its applicable Pro Rata Percentage).