Revolving Lender definition
Examples of Revolving Lender in a sentence
A certificate of the L/C Issuer submitted to any Revolving Lender (through the Administrative Agent) with respect to any amounts owing under this clause (e)(vi) shall be conclusive absent manifest error.
The Administrative Agent shall notify the Borrower and each Revolving Lender of the Revolving Lenders’ responses to each request made hereunder.
The Swingline Lender at any time in its sole discretion may request, on behalf of the Original Borrower (which hereby irrevocably authorizes the Swingline Lender to so request on its behalf), that each Revolving Lender make a Base Rate Loan in an amount equal to such Lender’s Applicable Revolving Percentage of the amount of Swingline Loans then outstanding.
Each Revolving Lender shall notify the Administrative Agent within such time period whether or not it agrees to increase its Revolving Commitment or provide an Incremental Term Loan Commitment and, if so, (i) in the case of a Revolving Commitment, whether by an amount equal to, greater than, or less than its Applicable Revolving Percentage of such requested increase or (ii) in the case of an Incremental Term Loan Commitment, the amount of such Incremental Term Loan Commitment.
Any Revolving Lender not responding within such time period shall be deemed to have declined to increase its Revolving Commitment or to provide an Incremental Term Loan Commitment.