Examples of Outstanding Revolving Loans in a sentence
Upon the effective date of any such reduction, Borrower shall pay to Agent for the respective accounts of Lenders the amount, if any, by which the then Outstanding Revolving Loans exceed the Revolving Commitments of all Lenders as so reduced and the full amount of the Facility Fee under §2.4 then accrued on the amount of the reduction.
They motivate their research by pointing out that "adequate" earnings are necessary to ensure the stability and growth of banks and, ultimately, the economy.
Date of Assignment: Legal Name of Assignor: Legal Name of Assignee: Assignee’s Address for Notices: Effective Date of Assignment (“Assignment Date”): Aggregate Amount of Commitments of all Lenders Principal Amount of the Commitment Assigned Principal Amount of Outstanding Revolving Loans Assigned1 Commitment Assigned as a Percentage of Aggregate Commitments2 $ % 1 If Competitive Loans are being assigned, revised as appropriate.
Each Revolving Loan Request shall be (a) for a Base Rate Loan in a minimum aggregate amount of $250,000 or an integral multiple of $50,000 in excess thereof; or (b) for a LIBOR Rate Loan in a minimum aggregate amount of $500,000 or an integral multiple of $50,000 in excess thereof; provided, however, that there shall be no more than six (6) unique Interest Periods for Outstanding Revolving Loans that are LIBOR Rate Loans at any one time.
Borrower agrees to pay to Agent for the account of the Lenders in accordance with their respective Percentages an unused facility fee (the “Facility Fee”) calculated at the rate of one-half of one percent (0.50%) per annum on the average daily amount by which the aggregate Revolving Commitments from time to time exceed the Outstanding Revolving Loans and LC Obligations during each fiscal quarter or portion thereof commencing on the Closing Date and ending on the Maturity Date.
The Revolving Commitments shall be automatically and permanently reduced pro rata on the last day of each March, June, September and December, commencing on June 30, 2001, by an amount equal to $625,000 on each such day; PROVIDED that in no event shall the Revolving Commitments be reduced to an amount less than the Mandatory Outstanding Revolving Loans.
Notwithstanding any other provision of this Agreement, Borrower shall not repay, and no payment shall be applied to, the Mandatory Outstanding Revolving Loans until all Term Loans have been fully repaid and no Lender has any Commitment to make any Term Loans.
Any Outstanding Revolving Loans shall be deemed to constitute an initial Revolving Loan on the Second Restatement Closing Date and thereupon, the Revolving Lenders shall purchase and sell outstanding Revolving Loans among themselves such that after giving effect to such sales, the Revolving Loans held by each Revolving Lender equals its Applicable Percentage for Revolving Loans.
Outstanding Revolving Loans are voluntarily pre-payable, and Lendxx'x xommitments are voluntarily terminable by the Borrower, in whole or in part, without penalty; provided, however, that LIBO rate breakage costs, if any, shall be for the account of the Borrower.
Outstanding Revolving Loans under the First Lien Revolving Facility, as amended, accrue interest at a rate per annum of LIBOR (floor of 100 basis points) plus 650 basis points or, alternatively, plus 625 basis points in the event that the Company’s First Lien Leverage Ratio is less than or equal to 1.25x.