(b) If a lender, including but not limited to an LC issuer, should receive, through the exercise of a debt or counterparty right or otherwise, a payment for an amount of capital, interest or other amounts due in connection with one of its revolving loans, interests in Swingline loans or LC facilities that give it a larger portion of the total amount of its loans. , he receives the payment. , holdings in Swingline loans, The lender that receives such a higher share creates holdings (against cash value) in revolving loans, line-of-credit loans and loans to other lenders, if necessary, if necessary, so that the interest of all these payments by lenders is equal to the total amount of loans corresponding to their re-s operating loans. , holdings in line-of-credit loans and holdings in cns facilities; if (i) if such an interest is acquired and any or all of the payment that results in this reason is recovered, these holdings are withdrawn and the purchase price equal to that recovery is restored interest-free, and (ii) the provisions of this paragraph should not be construed as such that they must be interpreted for payments made by the borrower in accordance with the express terms of that agreement or for a payment received by a lender in return for the sale or sale of an interest in one of its loans and facilities to an assignee or participant, with the exception of the borrower or a subsidiary or subsidiary (which is subject to the provisions of this paragraph). The borrower agrees with the above and, to the extent that it can do so under existing legislation, it agrees that any lender who acquires a stake under the previous agreements can exercise, against the borrower`s imputation rights and against the contradicted claims concerning such participation, as much as such a lender is a direct creditor of the borrower at the height of that interest. SECTION 2.06. Borrowing financing. (a) each lender grants each loan; that it is required to make at the proposed time of this loan, by providing funds immediately available until 12:00 local time or, in the case of an ABR credit application after 9:00 a.m. .m, Chicago time, on the day of the proposed loan, three hours after receiving the credit application at the time of the administrative declaration) , on the account of the administrative officer he has designated last in place by notification to the lenders; swingline loans are granted in accordance with Section 2.05. The administration official makes these loans available to the borrower by immediately crediting the amounts received in similar means to an account of the borrower held by the administrative officer or by any other lender appointed by the borrower and reasonably approved by the administrator.
What Is Revolving Credit Agreement