Examples of Revolving Obligation in a sentence

The Borrowers agree that any Lender so purchasing such a participation may, to the fullest extent permitted by law, exercise all rights of payment, including setoff, banker's lien or counterclaim, with respect to such participation as fully as if such Lender were a holder of such Loan, LOC Obligation, BA Revolving Obligation or other obligation in the amount of such participation.
Use of Revolving Obligation Proceeds.......................................................
The Group is entitled to sell or repledge collateral when there is default by the customers.
Big Wyandotte Cave, Crawford County; Ray’s Cave, Greene County.Kentucky.
Funded Amount means, with respect to any Revolving Obligation (excluding a Synthetic Security) or Delayed Drawdown Collateral Obligation at any time, the aggregate principal amount of advances or other extensions of credit to the extent funded thereunder by the Issuer that are outstanding at such time.

More Definitions of Revolving Obligation

Revolving Obligation means any obligation (other than a Delayed Drawdown Debt Obligation, but including funded and unfunded portions of revolving credit lines and letter of credit facilities, unfunded commitments under specific facilities and other similar loans and investments) that under the underlying instruments relating thereto may require one or more future advances to be made to the obligor by a creditor; provided, however, that any such obligation will be a Revolving Obligation only until all commitments by the creditors to make advances to the obligor thereof expire, are terminated, or are irrevocably reduced to zero.

Revolving Obligation means any Collateral Debt Obligation (other than a Delayed Drawdown Collateral Debt Obligation) that is a loan (including, without limitation, revolving loans, funded and unfunded portions of revolving credit lines and letter of credit facilities, unfunded commitments under specific facilities and other similar loans and investments) that pursuant to the terms of its Underlying Instruments may require one or more future advances to be made to the borrower by the Issuer; but any such Collateral Debt Obligation will be a Revolving Obligation only until all commitments to make advances to the borrower expire or are terminated or reduced to zero, provided that the Revolving Obligation may provide for accession of new borrowers when the accession of such borrowers is contemplated in the terms of the Revolving Obligation and (a) any such borrower is an Approved Borrower or (b) the accession of such borrower is subject to the prior consent of all lenders under such Revolving Obligation.

Revolving Obligation means a loan that is a line of credit or contains an unfunded commitment arising from an extension of credit to an Obligor, pursuant to the terms of which amounts borrowed may be repaid and subsequently reborrowed.

Revolving Obligation means any Portfolio Investment (other than a Delayed Drawdown Collateral Obligation) that is a loan (including, without limitation, revolving loans, funded and unfunded portions of revolving credit lines and letter of credit facilities, unfunded commitments under specific facilities and other similar loans and investments) that pursuant to the terms of its Underlying Instruments may require one or more future advances to be made to the Obligor thereunder by the Issuer; but any such Portfolio Investment will be a Revolving Obligation only until all commitments to make advances to the Obligor expire or are terminated or reduced to zero.

Revolving Obligation means any Collateral Debt Security that is a loan (including, without limitation, revolving loans, funded and unfunded portions of revolving credit lines and letter of credit facilities, unfunded commitments under specific facilities and other similar loans and investments) that pursuant to the terms of its Underlying Instruments may require one or more future advances to be made to the borrower by the Issuer provided that such advances are required to be made in (i) euro; or (ii) Sterling (if such Revolving Obligation is a Revolver Hedged Collateral Debt Security); or (iii) in the Base Currency of the applicable Asset Swap Agreement (if such Revolving Obligation is the subject of an Asset Swap Transaction); but any such Collateral Debt Security will be a Revolving Obligation only until all commitments to make advances to the borrower expire or are terminated or reduced to zero;

Revolving Obligation means a Collateral Obligation (other than a Delayed Draw Obligation) that is a senior secured obligation (including funded and unfunded portions of revolving credit lines and letter of credit facilities, unfunded commitments under specific facilities and other similar loans and investments) that under the Underlying Instrument relating thereto may require one or more future advances to be made to the Obligor by the Borrower; provided that, any such Collateral Obligation will be a Revolving Obligation only until all commitments by the Borrower to make advances to the Obligor thereof expire, or are terminated, or are irrevocably reduced to zero.