Examples of Rollover Borrowing in a sentence
Notwithstanding anything to the contrary in this Agreement, each Rollover Interest Period for the applicable Rollover Borrowing shall end on the date specified on Schedule IV hereto and no Lender shall have a claim pursuant to Section 9.04(c) as a result of any such Rollover Interest Period being shorter than 30 days.
Notwithstanding the foregoing, during each Rollover Interest Period for the applicable Rollover Borrowing, the Floating Rate and the Applicable Rate with respect to such Rollover Borrowing shall be as specified on Schedule 1.01(E) hereto.
On the Reset Date, each Rollover Borrowing shall automatically be converted into a Eurodollar Borrowing, and the principal amount of each Rollover Loan included in such Eurodollar Borrowing shall be equal to the Accreted Value of such Rollover Loan in effect immediately prior to such conversion.
Each prepayment of any Rollover Borrowing made prior to the Reset Date shall be for an amount equal to the Accreted Value of the Rollover Loans included in such Borrowing, such Accreted Value calculated on the date of such prepayment.
Subject to the terms and conditions set forth herein, each Lender agrees to make a loan (each, a "Rollover Loan") available to the Borrower on the Rollover Borrowing Date, in a principal amount not to exceed the Rollover Commitment of such Lender.
To request a Borrowing on a Borrowing Date, the Borrower shall notify the Administrative Agent of such request by telephone (a) in the case of a Eurodollar Bridge Loan Borrowing or a Rollover Borrowing, not later than 11:00 a.m., New York City time, three Business Days before such Borrowing Date or (b) in the case of a Base Rate Bridge Loan Borrowing, not later than 11:00 a.m., New York City time, one Business Day before such Borrowing Date.
The aggregate principal amount of all the Rollover Loans made on the Rollover Borrowing Date shall be equal to (i) the aggregate principal amount of the Bridge Loans outstanding on the Bridge Maturity Date plus (ii) any rollover fees payable pursuant to Section 2.09(b) ---- that the Borrower, at its option, shall have elected to pay through Rollover Loans.