Common use of Australian Advances Clause in Contracts

Australian Advances. Each Australian Lender severally agrees, on the terms and conditions hereinafter set forth, to make Bank Xxxx Rate Advances in Australian Dollars and Eurocurrency Rate Advances in US Dollars to any Australian Borrower from time to time on any Business Day during the period from the Restatement Date until the Termination Date in an amount (based in respect of any Australian Advances to be denominated in Australian Dollars by reference to the Equivalent thereof in US Dollars determined on the date of delivery of the applicable Notice of Australian Borrowing) not to exceed such Lender’s Unused Australian Commitment. Each Australian Borrowing shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist of NYDOCS02/1166703 31 Australian Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their respective Unused Australian Commitments. Within the limits of each Lender’s Australian Commitment, any Australian Borrower may borrow under this Section 2.1(c), prepay pursuant to Section 2.11 and reborrow under this Section 2.1(c).

Appears in 1 contract

Samples: Assignment and Assumption (Marsh & McLennan Companies, Inc.)

AutoNDA by SimpleDocs

Australian Advances. Each Australian Lender severally agrees, on the terms and conditions hereinafter set forth, to make Bank Xxxx Bxxx Rate Advances in Australian Dollars and Eurocurrency Rate Advances in US Dollars to any Australian Borrower from time to time on any Business Day during the period from the Restatement Date until the Termination Date in an amount (based in respect of any Australian Advances to be denominated in Australian Dollars by reference to the Equivalent thereof in US Dollars determined on the date of delivery of the applicable Notice of Australian Borrowing) not to exceed such Lender’s Unused Australian Commitment. Each Australian Borrowing shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist of NYDOCS02/1166703 31 Australian Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their respective Unused Australian Commitments. Within the limits of each Lender’s Australian Commitment, any Australian Borrower may borrow under this Section 2.1(c), prepay pursuant to Section 2.11 and reborrow under this Section 2.1(c).

Appears in 1 contract

Samples: Credit Agreement (Marsh & McLennan Companies, Inc.)

Australian Advances. Each Australian Lender severally agrees, on the terms and conditions hereinafter set forth, to make Bank Xxxx Bill Rate Advances in Australian Dollars and Eurocurrency EurocurrencyTerm Benchmark Rate Advances in US Dollars to any Australian Borrower from time to time on any Business Day during the period from the Restatement Date until the Termination Date in an amount (based in respect of any Australian Advances to be denominated in Australian Dollars by reference to the Equivalent thereof in US Dollars determined on the date of delivery of the applicable Notice of Australian Borrowing) not to exceed such LenderXxxxxx’s Unused Australian Commitment. Each Australian Borrowing shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist of NYDOCS02/1166703 31 Australian Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their respective Unused Australian Commitments. Within the limits of each Lender’s Australian Commitment, any Australian Borrower may borrow under this Section 2.1(c), prepay pursuant to Section 2.11 and reborrow under this Section 2.1(c).. (d)

Appears in 1 contract

Samples: The Credit Agreement (Marsh & McLennan Companies, Inc.)

AutoNDA by SimpleDocs

Australian Advances. Each Australian Lender severally agrees, on the terms and conditions hereinafter set forth, to make Bank Xxxx Bill Rate Advances in Australian Dollars and Eurocurrency Term Benchmark Rate Advances in US Dollars to any Australian Borrower from time to time on any Business Day during the period from the Restatement Date until the Termination Date in an amount (based in respect of any Australian Advances to be denominated in Australian Dollars by reference to the Equivalent thereof in US Dollars determined on the date of delivery of the applicable Notice of Australian Borrowing) not to exceed such LenderXxxxxx’s Unused Australian Commitment. Each Australian Borrowing shall be in an amount not less than the Borrowing Minimum or the Borrowing Multiple in excess thereof and shall consist of NYDOCS02/1166703 31 Australian Advances of the same Type and in the same currency made on the same day by the Lenders ratably according to their respective Unused Australian Commitments. Within the limits of each Lender’s Australian Commitment, any Australian Borrower may borrow under this Section 2.1(c), prepay pursuant to Section 2.11 and reborrow under this Section 2.1(c).

Appears in 1 contract

Samples: Credit Agreement (Marsh & McLennan Companies, Inc.)

Time is Money Join Law Insider Premium to draft better contracts faster.