Examples of Revolving Loan Commitment Period in a sentence
The obligation of the Issuing Bank to issue Letters of Credit shall expire on the Letter of Credit Expiration Date or, if the Revolving Loan facility is in effect, the last day of the Revolving Loan Commitment Period.
During the Revolving Loan Commitment Period, Debtor shall give Bank written notice executed on behalf of Debtor by any Designated Officer of Debtor (the "Notice of Credit Issuance") of any proposed issuance of a Credit.
Each Credit shall be on substantially such terms as Debtor may specify in such Letter of Credit Documents and must be in form and substance satisfactory to Bank and shall have a fixed expiration date not later than the expiration of the Revolving Loan Commitment Period.
During the Revolving Loan Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make Revolving Loans to Borrower Representative in an aggregate principal amount at any time outstanding that will not (subject to the provisions of Section 9.9) result in such Lender’s Revolving Exposure exceeding the lesser of (i) such Lender’s Revolving Loan Commitment and (ii) such Lender’s Pro Rata Share multiplied by the Borrowing Base.
Subject to the other terms and conditions of this Agreement, amounts borrowed pursuant to this Section 2.1(a) may be repaid and reborrowed during the Revolving Loan Commitment Period.