Examples of Refinancing Revolving Credit Loans in a sentence
Within the limits set forth in the preceding sentence and subject to the terms, conditions and limitations set forth herein, the Borrowers may borrow, pay or prepay and reborrow Initial Revolving Loans, Incremental Initial Revolving Loans, Extended Revolving Credit Loans or Refinancing Revolving Credit Loans, as applicable.
The Borrowers and the Administrative Agent have entered into that certain 2023 SOFR Amendment (the “2023 SOFR Amendment”), dated as of June 30, 2023, under which the Borrowers elected to replace the LIBO Rate as the applicable Interest Rate on the 2021 Incremental Term Loan and the 2021 Refinancing Revolving Credit Loans with Term SOFR.
The Administrative Agent shall have received a Borrowing Request in accordance with Section 2.03 of the Credit Agreement (as amended hereby) with respect to the Refinancing Revolving Credit Loans to be made on the Amendment Effective Date.
Subject to the terms and conditions set forth herein, on the Third Amendment Effective Date, each Refinancing Revolving Credit Lender hereby exchanges its Revolving Credit Commitment (and Revolving Credit Loans) for a Refinancing Revolving Credit Commitment (and Refinancing Revolving Credit Loans).
The Applicable Rate with respect to 2021 Refinancing Revolving Credit Loans (including Swing Line Loans (which are to be maintained solely as Base Rate Loans)) and Letter of Credit fees made or payable, as applicable, in respect of the 2021 Refinancing Revolving Credit Commitments shall be (A) for Eurocurrency Rate Loans, 4.00%, and (B) for Base Rate Loans, 3.00%.