Revolving Period definition
Examples of Revolving Period in a sentence
On the terms and conditions hereinafter set forth, the Borrower may at its option, from time to time on any Business Day during the Revolving Period, request that the Lenders make Advances in U.S. Dollars in an amount which after giving effect to such Advances, would not cause the aggregate Advances Outstanding to exceed the Maximum Availability on such date (after giving effect to any Transfer effectuated from the use of proceeds thereof).
The Borrower (or the Portfolio Asset Servicer on its behalf) may, at any time and from time to time, during or after the Revolving Period, unless a Notice of Exclusive Control has been delivered (and not withdrawn), withdraw amounts on deposit in the Operating Account to fund Delayed Draws or other Portfolio Assets.
If the Borrower extends the Revolving Period pursuant to this Section 2.14, the Borrower shall pay to the Lenders an extension fee equal to 0.25% of the Maximum Facility Amount in effect as of such extension date.
After the Revolving Period, any Advance or any portion thereof, once repaid, may not be reborrowed.
During the Revolving Period, the Borrower may repay and reborrow Advances in accordance with the terms hereof.