Examples of Revolving Loan in a sentence
The Borrower may, upon at least three Business Days’ notice to the Administrative Agent, terminate in whole or reduce ratably in part portions of the Commitments; provided, that if the Borrower terminates any portion of the Aggregate Interest Loan Commitment, it shall terminate a pro rata portion of the Aggregate Revolving Loan Commitment.
Revolver Agent may assume that each Revolving Lender will make its Commitment Percentage of each Revolving Loan available to Revolver Agent on each Borrowing date.
Each Revolving Loan and Term Loan shall be noted in the schedule of advances attached to this Series 2016A Bond as Schedule A as well as any prepayment thereof in whole or in part.
The Series 2016A Bond shall mature on the Maturity Date for each Revolving Loan and bear interest at the rate or rates of the applicable Revolving Loan or Tenn Loan in accordance with the terms of the Revolving Credit Agreement: Subject to the terms and conditions of the Revolving Credit Agreement, if a Revolving Loan is not repaid in full.
Any Revolving Loan not converted to a Tenn Loan shall be _due and payable on the earlier of (i) the applicable Maturity Date, or (ii) the Commitment Termination Date and shall bear interest at the Default Rate thereafter.