Revolving Lender definition
Examples of Revolving Lender in a sentence
Each Incremental Facility Agreement may, without the consent of any Revolving Lender, effect such amendments to this Agreement and the other Loan Documents as may be necessary or appropriate, in the opinion of the Administrative Agent, to give effect to the provisions of this Section with respect to the Incremental Revolving Commitments.
From and after the date, if any, on which any Revolving Lender is required to fund its participation in any Protective Advance purchased hereunder, the Administrative Agent shall promptly distribute to such Revolving Lender, such Revolving Lender’s pro rata share of all payments of principal and interest and all proceeds of Collateral received by the Administrative Agent in respect of such Protective Advance.
Any Existing Revolving Loans outstanding on the Amendment No. 6 Effective Date shall be continued as Revolving Loans hereunder; provided that (x) the Existing Revolving Loans of each Amendment No. 6 Extended Revolving Lender will be reclassified as “Amendment No. 6 Extended Revolving Loans” and (y) the Existing Revolving Loans of each Amendment No. 6 Non-Extended Revolving Lender will be reclassified as “Amendment No. 6 Non-Extended Revolving Loans”.
On the Amendment No. 7 Effective Date, and subject to and upon the terms and conditions set forth in this Agreement and the other Loan Documents, the Administrative Agent, the Amendment No. 7 Revolving Lender, the Swing Line Lender and each LC Issuer agree to establish the Initial Revolving Facility for the benefit of the Borrower.