Examples of Tranche 1 Revolving Loans in a sentence
Within the foregoing limits and subject to the terms and conditions of this Agreement, the Borrower may borrow, repay and reborrow Tranche 1 Revolving Loans.
In addition to borrowings of Tranche 1 Revolving Loans, at any time during the period from the Effective Date to but excluding the Revolving Termination Date, and so long as the Borrower continues to maintain an Investment Grade Rating from any two Ratings Agencies, the Borrower may, as set forth in this Section, request the Tranche 1 Revolving Lenders to make offers to make Bid Rate Loans to the Borrower in Dollars.
Notwithstanding the immediately preceding two sentences but subject to Section 2.16., a borrowing of Tranche 1 Revolving Loans may be in the aggregate amount of the unused Tranche 1 Revolving Commitments.
Subject to the terms and conditions set forth in this Agreement, including without limitation, Section 2.16., each Tranche 1 Revolving Lender severally and not jointly agrees to make Tranche 1 Revolving Loans in a Tranche 1 Currency to the Borrower during the period from and including the Effective Date to but excluding the Revolving Termination Date, in an aggregate principal amount at any one time outstanding up to, but not exceeding, such Tranche 1 Revolving Lender’s Tranche 1 Revolving Commitment.
The Borrower shall pay to the Tranche 1 Revolving Lenders amounts payable, if any, to such Lenders under Section 5.4. as a result of the prepayment of any such Tranche 1 Revolving Loans.
During the Revolving Commitment Period (i) QVC may use the Tranche 1 Revolving Commitments and Tranche 3 Revolving Commitments by borrowing, prepaying the Tranche 1 Revolving Loans and Tranche 3 Revolving Loans, respectively, in whole or in part, and reborrowing, and (ii) QVC and zulily may each use the Tranche 2 Revolving Commitments by borrowing, prepaying the Tranche 2 Revolving Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
If at any time the aggregate principal amount of all outstanding Tranche 1 Revolving Loans, Swingline Loans and Bid Rate Loans, together with the aggregate amount of all Letter of Credit Liabilities, exceeds the aggregate amount of the Tranche 1 Revolving Commitments (except due to Currency fluctuations which is governed by clause (iii) below), the Borrower shall immediately upon demand pay to the Administrative Agent for the account of the Tranche 1 Revolving Lenders, the amount of such excess.
Nothing in this Section 2.4(e) shall be deemed to relieve any Bank from its obligation to make Tranche 1 Revolving Loans on the terms and conditions set forth herein, and each Borrower shall retain any and all rights it may have against any Bank resulting from the failure of such Bank to make such Tranche 1 Revolving Loans under this Section 2.4(e).
The figures are similar whenlooking at the total online travel gross bookings as a percentage of the total travel markets.
If at any time the aggregate principal amount of all outstanding Tranche 1 Revolving Loans and Bid Rate Loans, together with the aggregate amount of all Letter of Credit Liabilities, exceeds the aggregate amount of the Tranche 1 Revolving Commitments (except due to Currency fluctuations which is governed by clause (iii) below), the Borrower shall immediately upon demand pay to the Administrative Agent for the account of the Tranche 1 Revolving Lenders, the amount of such excess.