Examples of Revolving Loan in a sentence
The provisions of this Section shall survive the satisfaction and payment of the other Obligations and the termination of the Revolving Loan Commitment and/or this Agreement.
For any calendar month that the average outstanding principal balance of the Revolving Loans is less than the Revolving Loan Commitment Amount as determined by Lxxxxx, Borrowers shall pay Lender an unused line fee in an amount equal to 0.375% per annum on the difference between the Revolving Loan Commitment Amount and the average outstanding principal balance of the Revolving Loans for such month (“Unused Line Fee”).
Borrowers agree to execute and deliver such documents and agreements as Lxxxxx deems appropriate to evidence the increase of the Revolving Loan Commitment.
Within sixty (60) days after Borrowers’ request, Lxxxxx will notify Borrowers if and to what extent Lxxxxx commits to increase the Revolving Loan Commitment.
Borrowers may request an increase in the Revolving Loan Commitment upon not less than sixty (60) days’ notice to Lender, as long as (a) the requested increase is in a minimum amount of $1,000,000 and is offered on the same terms as the existing Revolving Loan Commitment, and (b) total increases under this Section do not exceed $2,500,000 and no more than two (2) increases are made during the term of this Agreement.