Examples of Total Revolving Commitments in a sentence
The Administrative Agent shall notify the Borrower and the Lenders no later than 15 days prior to the applicable Extension Deadline which Lenders are Continuing Lenders and which Lenders are Non-Extending Lenders, and whether the Administrative Agent has received Continuation Notices from Lenders holding Revolving Commitments aggregating at least a majority of the Total Revolving Commitments on the date of the Extension Request.
In the event and on such occasion that the Total Revolving Extensions of Credit exceeds the Total Revolving Commitments, the Borrower shall prepay the Loans and/or L/C Obligations (or, if no such Loans are outstanding, deposit Cash Collateral in an aggregate amount equal to such excess) in an aggregate principal amount sufficient to cause the Total Revolving Extensions of Credit to be less than or equal to the Total Revolving Commitments.