Examples of Revolving Facilities in a sentence
Borrowings of more than one Type may be outstanding at the same time; provided, however, that the Borrower shall not be entitled to request any Borrowing that, if made, would result in more than (i) 10 SOFR Borrowings outstanding under all Term Facilities at any time and (ii) 10 SOFR Borrowings and CDOR Rate Borrowings outstanding in the aggregate under all Revolving Facilities at any time.
Jointly with other Maersk Drilling entities, the Company has guaranteed a total of USD 1,365 million related to a Term and Revolving Facilities Agreement held by The Drilling Company of 1972 A/S.
The extendible secured Revolving Facilities are comprised of a US$50 million operating loan and a US$325 million syndicated revolving loan for Baytex and a US$200 million syndicated revolving loan for Baytex's wholly-owned subsidiary, Baytex Energy USA, Inc.
The Revolving Facilities consisted of a Revolving A Facility and a Revolving B Facility.
Baytex may, once in each calendar year, request that the lenders under the Revolving Facilities extend the revolving period for up to four years (subject to a maximum four-year term at any time).