Revolving Credit Ratable Advance definition

Revolving Credit Ratable Advance means a borrowing hereunder consisting of a group of Revolving Credit Ratable Loans made at the same time, and (except as otherwise provided Section 3.5) at the same Rate Option, and (in the case of a Eurodollar Ratable Loans) for the same Interest Period. For the avoidance of doubt, each Revolving Credit Ratable Advance shall consist of Revolving Credit Loans allocated among all Series of Revolving Credit Facilities based on their Series Revolving Credit Ratable Shares.
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Examples of Revolving Credit Ratable Advance in a sentence

  • Each Revolving Credit Ratable Advance hereunder shall consist of borrowings made from the several Lenders under the Revolving Credit Facility in their respective Revolving Credit Ratable Shares thereof.2.2.2 Ratable Advance Rate Options.

  • The Revolving Credit Ratable Advances may be ABR Advances, Federal Funds/Euro-Rate Advances or Eurodollar Ratable Advances, or a combination thereof, selected by the Borrower in accordance with Section 2.2.3. No Revolving Credit Ratable Advance may mature after the Revolving Credit Facility Termination Date.2.2.3 Method of Selecting Rate Options and Interest Periods for Revolving Credit Ratable Advances.

  • For the avoidance of doubt, the parties agree that each Revolving Credit Ratable Advance shall be made on a ratable basis among all Series of Revolving Credit Facilities then in effect based on the Revolving Credit Commitments of each such Series.

  • Each Revolving Credit Ratable Advance hereunder shall consist of borrowings made from the several Revolving Credit Lenders in their respective Total Revolving Credit Ratable Shares thereof.

Related to Revolving Credit Ratable Advance

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Credit Loan has the meaning specified in Section 2.01(b).

  • Revolving Credit Loans as defined in Section 2.1.

  • Revolving Advance has the meaning given in Section 2.1.

  • Revolving Advances means Advances made other than Letters of Credit.

  • Notice of Revolving Credit Advance has the meaning ascribed to it in Section 1.1(a).

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Revolving Credit Facility means, at any time, the aggregate amount of the Revolving Credit Lenders’ Revolving Credit Commitments at such time.

  • Revolving Credit Obligations means, at any particular time, the sum of (i) the outstanding principal amount of the Revolving Loans at such time, plus (ii) the outstanding principal amount of the Swing Line Loans at such time, plus (iii) the outstanding L/C Obligations at such time.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Revolving Loan Commitment means, for each Bank, the amount set forth opposite such Bank's name in Schedule I directly below the column entitled "Revolving Loan Commitment," as same may be (x) reduced from time to time pursuant to Sections 3.02, 3.03 and/or 10 or (y) adjusted from time to time as a result of assignments to or from such Bank pursuant to Section 1.13 or 13.04(b).

  • Refinancing Revolving Credit Commitments shall have the meaning provided in Section 2.15(b)(i).

  • Revolving Loan Commitments means such commitments of all Lenders in the aggregate.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Revolving Credit Commitment means, as to each Revolving Credit Lender, its obligation to (a) make Revolving Credit Loans to the Borrower pursuant to Section 2.01(b), (b) purchase participations in L/C Obligations, and (c) purchase participations in Swing Line Loans, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Lender’s name on Schedule 2.01 under the caption “Revolving Credit Commitment” or opposite such caption in the Assignment and Assumption pursuant to which such Lender becomes a party hereto, as applicable, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Credit Maturity Date means the earliest of (a) the Revolving Credit Stated Maturity Date, (b) the date of the termination of the Aggregate Revolving Credit Commitments pursuant to Section 2.07 and (c) the date of the termination of the Aggregate Revolving Credit Commitments and of the obligation of L/C Issuer to make L/C Credit Extensions and the acceleration of the Revolving Credit Loans pursuant to Section 8.03.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Credit Commitment Percentage means, as to any Revolving Credit Lender at any time, the ratio of (a) the amount of the Revolving Credit Commitment of such Revolving Credit Lender to (b) the Revolving Credit Commitment of all the Revolving Credit Lenders.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Credit Commitments means the aggregate Revolving Credit Commitments of all of the Lenders.

  • Revolving Credit Notes means the separate Revolving Credit Notes made by the Borrower payable to the order of each Lender, substantially in the form of Exhibit A hereto, evidencing the Credit Facility, and any amendments and modifications thereto, any substitutes therefor, and any replacements, restatements, renewals or extension thereof, in whole or in part; "Note" means any of such Revolving Credit Notes.

  • Revolving Credit Note means a promissory note of the Borrower payable to any Revolving Credit Lender or its registered assigns, in substantially the form of Exhibit C-2 hereto, evidencing the aggregate indebtedness of the Borrower to such Revolving Credit Lender resulting from the Revolving Credit Loans made by such Revolving Credit Lender.