Revolving Loan definition

Revolving Loan means a Loan made pursuant to Section 2.01.

Revolving Loan has the meaning specified in Section 2.01(a).

Revolving Loan means a loan made by a Lender to the Borrower pursuant to Section 2.1.(a).

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.

More Definitions of Revolving Loan

Revolving Loan has the meaning specified in Section 2.01.

Revolving Loan shall have the meaning provided in Section 1.01(a).

Revolving Loan means a Loan made pursuant to clause (b) of Section 2.01.

Revolving Loan means a loan made by a Lender (other than the Swingline Lender) to the Borrower under its Revolving Commitment, which may either be a Base Rate Loan or a Eurodollar Loan.

Revolving Loan means, with respect to a Lender, such Lender’s loan made pursuant to its commitment to lend set forth in Section 2.1 (or any conversion or continuation thereof).

Revolving Loan is defined in Section 1.1 hereof and, as so defined, includes a Base Rate Loan or a Eurodollar Loan, each of which is a “type” of Revolving Loan hereunder.

Revolving Loan means, at any time, the sum of (i) the aggregate amount of Revolving Credit Advances outstanding to Borrower plus (ii) the aggregate Letter of Credit Obligations incurred on behalf of Borrower. Unless the context otherwise requires, references to the outstanding principal balance of the Revolving Loan shall include the outstanding balance of Letter of Credit Obligations.