Examples of Revolving Facility Loan in a sentence
The Borrower hereby unconditionally promises to pay (i) on the Tranche 3 Revolving Facility Maturity Date to the Administrative Agent for the account of each Tranche 3 Revolving Facility Lender the then unpaid principal amount of each Tranche 3 Revolving Facility Loan made to the Borrower and (ii) on the Term C Loan Maturity Date, to the Administrative Agent for theaccount of each Term C Lender the then unpaid principal amount of each Term C Loan of such Lender as provided in Section 2.10.
In addition and subject to paragraph(i) below, the Borrower must repay each outstanding Interim Revolving Facility Loan made to it on the last day of its Interest Period.
The period for which each Interim Loan is outstanding shall be divided into successive interest periods (each, an Interest Period) (save that for each Interim Revolving Facility Loan there shall only be one Interest Period), each of which will start on the expiry of the previous Interest Period or, in the case of the first Interest Period for an Interim Facility B Loan (or the Interest Period for each Interim Revolving Facility Loan), on the relevant Drawdown Date.
No Interim Lender is obliged to participate in any Interim Revolving Facility Loan if as a result the Base Currency Amount of its share in the outstanding Interim Revolving Facility Utilisations (other than to the extent due to be repaid or prepaid on or before the proposed Drawdown Date) would exceed its applicable Interim Revolving Facility Commitments.