Revolving Agent definition
Examples of Revolving Agent in a sentence
The Administrative Agent and the Revolving Agent, as applicable, may deem and treat the payee of any Note, as applicable, as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent or the Revolving Agent.
Such amounts made available to Revolving Agent under clause (2) of the immediately preceding sentence shall be applied against the amounts of the applicable Swingline Advances or Extraordinary Advances and shall constitute Revolving Loans of such Revolving Lenders.
Each Obligor has good title to its Equity Interests in its Subsidiaries, subject only to Agent's Lien and the Lien of the Revolving Agent, and all such Equity Interests are duly issued, fully paid and non-assessable (to the extent applicable).
During the period between Settlement Dates, the Revolving Agent shall be entitled to all interest and fees at the applicable rate or rates payable under this Agreement on the daily amount of funds employed by Revolving Agent with respect to all Swingline Advances and Extraordinary Advances.
In connection (and concurrently) with each delivery under this Agreement of a Borrowing Base Certificate to the Revolving Agent, the Borrower will deliver to the Revolving Agent a report showing a snapshot of the cash balances of each Loan Party’s deposit accounts and a reconciliation of Qualified Cash as of the date of the applicable Borrowing Base Certificate.