Common use of Euro Committed Loans Clause in Contracts

Euro Committed Loans. Subject to the terms and conditions set forth herein, each Euro Lender severally agrees to make loans (each such loan, a “Euro Committed Loan”) to each Euro Borrower in Euro or in one or more Alternative Currencies of the Euro Tranche, subject to Section 3.2, from time to time, on any Business Day during the Availability Period, under the Euro Tranche, in an aggregate amount not to exceed at any time outstanding the amount of such Euro Lender’s Euro Commitment; provided that after giving effect to any Euro Committed Borrowing, (a) the Euro Total Outstandings shall not exceed the Euro Aggregate Commitments and (b) the Euro Credit Exposure of any Euro Lender shall not exceed such Euro Lender’s Euro Commitment. Within the limits of each Euro Lender’s Euro Commitment, Euro Borrowers may borrow under this Section 3.1, prepay under Section 3.6 and reborrow under this Section 3.1. Euro Committed Loans may be Eurocurrency Rate Loans (for Euro or Yen denominated Euro Committed Loans), Term SOFR Rate Loans or Daily Simple SOFR Loans (for Dollar denominated Euro Committed Loans) or Daily Floating XXXXX Rate Loans (for Sterling denominated Euro Committed Loans) or solely upon the occurrence of an event described in Section 7.2 or 7.3, Substitute Rate Loans (for Euro denominated Euro Committed Loans) and TONAR Rate Loans (for Yen denominated Euro Committed Loans), as further provided herein.

Euro Committed Loans. Subject to the terms and conditions set forth herein, each Euro Lender severally agrees to make loans (each such loan, a “Euro Committed Loan”) to each Euro Borrower in Euro or in one or more Alternative Currencies of the Euro Tranche, subject to Section 3.2, from time to time, on any Business Day during the Availability Period, under the Euro Tranche, in an aggregate amount not to exceed at any time outstanding the amount of such Euro Lender’s Euro Commitment; provided that after giving effect to any Euro Committed Borrowing, (a) the Euro Total Outstandings shall not exceed the Euro Aggregate Commitments and (b) the Euro Credit Exposure of any Euro Lender shall not exceed such Euro Lender’s Euro Commitment. Within the limits of each Euro Lender’s Euro Commitment, Euro Borrowers may borrow under this Section 3.1, prepay under Section 3.6 and reborrow under this Section 3.1. Euro Committed Loans may be Eurocurrency Rate Loans (for Euro or Yen denominated Euro Committed Loans)or, Term SOFR Rate Loans or Daily Simple SOFR Loans (for Dollar denominated Euro Committed Loans) or Daily Floating XXXXX Rate Loans (for Sterling denominated Euro Committed Loans) or solely upon the occurrence of an event described in Section 7.2 or 7.3, Substitute Rate Loans (for Euro denominated Euro Committed Loans) and TONAR Rate Loans (for Yen denominated Euro Committed Loans), as further provided herein.

Euro Committed Loans. Subject to the terms and conditions set forth herein, each Euro Lender severally agrees to make loans (each such loan, a “Euro Committed Loan”) to each Euro Borrower in Euro or in one or more Alternative Currencies of the Euro Tranche, subject to Section 3.24.2, from time to time, on any Business Day during the Initial Availability PeriodPeriod with respect to such Euro Lender’s Initial Commitment, and during the Extended Availability Period with respect to such Euro Lender’s Extended Commitment, as applicable, under the Euro Tranche, in an aggregate amount not to exceed at any time outstanding the amount of such Euro Lender’s Euro Commitment; provided that after giving effect to any Euro Committed Borrowing, (a) the Euro Total Outstandings shall not exceed the Euro Aggregate Commitments Commitments, and (b) the Euro Credit Exposure of any Euro Lender shall not exceed such Euro Lender’s Euro Commitment. Within the limits of each Euro Lender’s Euro Commitment, Euro Borrowers may borrow under this Section 3.14.1, prepay under Section 3.6 4.6, and reborrow under this Section 3.14.1. Euro Committed Loans may be Eurocurrency Rate Loans (for Euro or Yen denominated Euro Committed Loans)or, Term SOFR Rate Loans or Daily Simple SOFR Loans (for Dollar denominated Euro Committed Loans) or Daily Floating XXXXX Rate Loans (for Sterling denominated Euro Committed Loans) or solely upon the occurrence of an event described in Section 7.2 or 7.39.3, Substitute Rate Loans (for Euro denominated Euro Committed Loans) and TONAR Rate Loans (for Yen denominated Euro Committed Loans), as further provided herein.