Extending Revolving Credit Commitments definition
Examples of Extending Revolving Credit Commitments in a sentence
Upon such designation such Letter of Credit shall no longer be deemed to be issued and outstanding under such prior Class and shall instead be deemed to be issued and outstanding under such Class of Extending Revolving Credit Commitments or Other Revolving Credit Commitments.
No Lender shall have any obligation to agree to have any of its Term Loans of any Existing Term Loan Tranche amended into Extending Term Loans or any of its Revolving Credit Commitments amended into Extending Revolving Credit Commitments, as applicable, pursuant to any Extension Request.
Each Revolver Extension Series of Extending Revolving Credit Commitments incurred under this Section 2.16 shall be in an aggregate principal amount that is not less than $5,000,000.
The Revolving Credit Commitments (other than any Extending Revolving Credit Commitments) shall terminate on the applicable Maturity Date.
The Extending Revolving Credit Commitments shall terminate on the respective maturity dates applicable thereto.
All Extended Term Loans, Extending Revolving Credit Commitments and all obligations in respect thereof shall be Obligations under this Agreement and the other Loan Documents that are secured by the Collateral on a pari passu basis with all other applicable Obligations under this Agreement and the other Loan Documents.
If, after giving effect to the Extending Revolving Credit Commitments provided in accordance with the immediately preceding sentence, the Total Extending Revolving Credit Commitment is less than $125,000,000, then one or more Lenders may provide additional Extending Revolving Credit Commitments in a manner as separately agreed to by the Borrower, the Administrative Agent and such Lender or Lenders; provided that the Total Extending Revolving Credit Commitment shall not exceed $125,000,000.
For the avoidance of doubt, MIHI LLC and each other Lender or Additional Lender providing Tranche C Funding Date Incremental Revolving Credit Commitments shall not be entitled to receive the Extension Fee in connection with the Tranche C Funding Date Incremental Revolving Credit Commitments (which shall be Extending Revolving Credit Commitments) on the Tranche C Funding Date.
If you do not so accept this Agreement by such time, your Extending Revolving Credit Commitments set forth in this Agreement shall be deemed cancelled.
In the event the Extending Revolving Credit Commitments shall have expired or been terminated, the Applicable Percentages shall be determined on the basis of the Extending Revolving Credit Commitments most recently in effect, but giving effect to any assignments pursuant to Section 9.04.