Examples of U.K. Revolving Credit Commitment in a sentence
During the UK Revolving Credit Commitment Period, the Lender agrees to make advances under the UK Revolving Credit Facility in accordance with the provisions of this Agreement; provided that after giving effect to any request duly made pursuant to this Agreement, the aggregate outstanding principal balance of the UK Revolving Loan would not exceed the UK Revolving Credit Committed Amount.
The UK Borrower agrees to pay to the Agent, for the account of each Lender, in immediately available funds in Pounds Sterling, a commitment fee of three-eighths of one percent (3/8 of 1%) per annum on the average daily Available UK Revolving Credit Commitment of such Lender on each day.
Parents will be notified when their family account balance is low (see: Lunch Charge Policy).
Except as otherwise provided in the Fee Letter, the UK Borrower may terminate or reduce the unused portion of the UK Revolving Credit Commitment at any time by giving notice to the Lender as provided in Section 4.8 below, provided that any partial reduction shall be in an amount of at least One Million Dollars ($1,000,000) or the equivalent amount in the Optional Currency.
U.S. Borrower shall have executed and delivered to Agent, for the benefit of the Banks, the Guaranties of Payment with respect to the Canadian Revolving Credit Commitment and the UK Revolving Credit Commitment.