Examples of Revolving Loan in a sentence
Each Notice of Revolving Borrowing shall be irrevocable and shall specify: (i) the principal amount of the Revolving Loan and (ii) the proposed date of such Revolving Loan (which shall be a Business Day).
Each Revolving Loan shall bear interest at the rate provided in Section 2.7.
Upon the satisfaction of the applicable conditions set forth in Article III hereof, the Lender will make the proceeds of each Revolving Loan available to the Borrower at the Payment Office on the date specified in the applicable Notice of Revolving Borrowing by crediting an account maintained by the Borrower with the Lender.
The Borrower shall give the Lender written notice (or telephonic notice promptly confirmed in writing) of each Revolving Loan substantially in the form of Exhibit 2.2 (each, a “Notice of Revolving Borrowing”) prior to 10:00 a.m. (Eastern Time) on the same Business Day of the making of each Revolving Loan requested.