Examples of Revolving Facility Commitment in a sentence
In such case, the Lender and its Affiliate shall be treated as a single Lender whose Revolving Facility Commitment is the amount set out opposite the relevant Lender’s name in Part II of Schedule 1 (The Original Parties) and/or the amount of any Revolving Facility Commitment transferred to or assumed by that Lender under this Agreement, to the extent (in each case) not cancelled, reduced or transferred by it under this Agreement.
On the Effective Date, immediately following the effectiveness of the New Credit Agreement and the consummation of the Exchanges, the New Revolving Facility Commitments of each Consenting Lender shall be reduced by 20% from the amount of New Revolving Facility Commitments of such Consenting Lender in effect immediately following the Exchanges (the “New Revolving Facility Commitment Reduction” and together with the New Term Loan Repurchase, the “Reductions”).
Upon the effectiveness of any such Extension, the applicable Extending Lender’s Term Loan will be automatically designated an Extended Term Loan and/or such Extending Lender’s Revolving Facility Commitment will be automatically designated an Extended Revolving Facility Commitment.
Any Replacement Revolving Facility Commitment made on any Replacement Revolving Facility Effective Date shall be designated an additional Class of Revolving Facility Commitments for all purposes of this Agreement; provided that any Replacement Revolving Facility Commitments may, to the extent provided in the applicable Incremental Assumption Agreement, be designated as an increase in any previously established Class of Revolving Facility Commitments.
The Borrower shall not repay or prepay all or any part of the Commercial Facility Loan or the Revolving Facility Loan or cancel all or any part of the Commercial Facility Loan Commitment or Revolving Facility Commitment except at the times and in the manner expressly provided for in this Agreement.