Examples of Revolving Loan Increase in a sentence
No consent of any Lender (other than the Lenders participating in the Revolving Loan Increase or Incremental Term Loan) shall be required for any Revolving Loan Increase or Incremental Term Loans pursuant to this Section 2.05(b)(i), as applicable.
For the avoidance of doubt, all terms of any Revolving Loan Increase (including the Applicable Margin thereon) shall be identical to the terms of the Revolving Facility.
No consent of any Lender (other than the Lenders participating in the Revolving Loan Increase or Incremental Term Loan) shall be required for any Revolving Loan Increase or Incremental Term Loans pursuant to this Section 2.05(b)(i), as applicable.
The Borrowers shall prepay any Revolving Loans outstanding on the Revolving Loan Increase Effective Date (and pay any additional amounts required pursuant to Section 2.04) to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Applicable Percentages arising from any nonratable increase in the Revolving Commitments under this Section 2.15.
The Borrower shall prepay any Revolving Loans outstanding on the Revolving Loan Increase Effective Date (and pay any additional amounts required pursuant to Section 2.10) to the extent necessary to keep the outstanding Revolving Loans ratable with any revised Revolving Facility Percentage arising from any nonratable increase in the Total Revolving Commitments under this Section 2.13.
On or before the Revolving Loan Increase Effective Date, each new Revolving Lender and each Revolving Lender increasing its Pro Rata Share of the outstanding Revolving Loans in connection with this Amendment shall deliver funds representing the amount of its increase to Administrative Agent, for distribution to each Revolving Lender whose Pro Rata Share decreased as a result of this Amendment.
Borrower shall pay additional Revolving Loan Fees with respect to the Revolving Loan Increase in the amount of $15,000.00 in accordance with Section 2.14(a) of the Loan Agreement, which fees are payable on the date of this Commitment and Acceptance and are not refundable to Borrower.
The Revolving Loan Increase shall be evidenced by and repayable in accordance with Borrower’s Revolving Note dated November 3, 2006 in the principal amount of $400,000,000.
In consideration of the increase in the Revolving Loan Commitment, the Company shall pay to Agent, for the ratable benefit of the Purchasers making Revolving Loan Commitments, a fee (the “Revolving Loan Increase Fee”) in the amount of $160,000, and the Company hereby authorizes the Agent to deduct from the proceeds of any Revolving Loan made on or after the date of this Amendment No. 4, by the Purchasers to the Company, the unpaid amount of such Revolving Loan Increase Fee.
Borrower hereby accepts the Revolving Loan Increase from November 6, 2007 through June 1, 2008.