Extending Revolving Credit Lenders definition
Examples of Extending Revolving Credit Lenders in a sentence
The Extending Revolving Credit Lenders shall promptly notify the Administrative Agent as to the effectiveness of each such Extension Amendment.
Furthermore, such repayments and terminations required to be made to the Non-Extending Revolving Credit Lenders on the Non-Extended Revolving Credit Maturity Date shall not be subject to the pro rata sharing provisions of this Agreement (vis-à-vis) the Extending Revolving Credit Lenders, including without limitation Sections 10.1(a) and 10.3 hereof, unless the Revolving Credit Maturity Date for all of the Revolving Credit Lenders has occurred on or before such date.
Upon the foregoing repayment to the Non-Extending Revolving Credit Lenders, the Agent shall distribute to the Extending Revolving Credit Lenders and the Borrowers a revised Annex II (giving effect to the new Percentages resulting therefrom and from any assignments relating thereto), and all outstanding Advances of the Revolving Credit (if any) shall be reallocated among the Extending Revolving Credit Lenders based on such new Percentages.
The Borrower shall repay the aggregate amount of any Additional Revolving Credit Loans or Extended Revolving Credit Loans to the Administrative Agent on the maturity date to be agreed by the Borrower and the relevant Additional Revolving Credit Lenders or relevant Extending Revolving Credit Lenders, as applicable.
For purposes of determining withholding Taxes imposed under FATCA, from and after the Effective Date, the Borrower and the Administrative Agent shall treat (and the Extending Revolving Credit Lenders and the Incremental Revolving Credit Lenders hereby authorize the Administrative Agent to treat) the Extended Revolving Credit Loans as not qualifying as a “grandfathered obligation” within the meaning of Treasury Regulation Section 1.1471-2(b)(2)(i).
Extending Revolving Credit Lenders and Non-Extending Term Loan Lenders.
After the Third Amendment Effective Date, the Letter of Credit fees payable for the benefit of the Non-Extending Revolving Credit Lenders and Extending Revolving Credit Lenders, respectively, shall be as provided in the definition of "Applicable Margin" in subsection 1.1.
The Borrower shall repay (i) to the Extending Revolving Credit Lenders on the Extended Revolver Maturity Date the aggregate principal amount of all Extended Revolving Credit Loans outstanding on such date and (ii) to the Non-Extending Revolving Credit Lenders on the Initial Revolver Maturity Date the aggregate principal amount of all Non-Extended Revolving Credit Loans outstanding on such date.
The Administrative Agent shall have received, on behalf of itself, the Extending Revolving Credit Lenders party hereto (including the 2022 Incremental Revolving Credit Lenders party hereto) and the Letter of Credit Issuers party hereto, a customary written opinion of ▇▇▇▇, Weiss, Rifkind, ▇▇▇▇▇▇▇ & ▇▇▇▇▇▇▇▇ LLP, in its capacity as counsel for the Credit Parties.
To the extent an extension fee is agreed among the Borrower, the Administrative Agent and the Extending Revolving Credit Lenders, the Borrower shall pay such extension fee to the Extending Revolving Credit Lenders, payable on the effective date of such extension.