Foreign Term Loan. On and after the Closing Date, each of the Foreign Term Lenders severally agrees to make its portion of a term loan (in the amount of its respective Foreign Term Loan Committed Amount) to the Foreign Borrowers in up to two advances at any time before December 31, 2005, in Euro or Danish kroners, in an aggregate principal amount of ONE HUNDRED TEN MILLION DOLLARS ($110,000,000) (the “Foreign Term Loan”). The Foreign Term Loan shall consist of Eurocurrency Rate Loans. Amounts repaid on the Foreign Term Loan may not be reborrowed.
Foreign Term Loan. The Outstanding Amount of the Foreign Term Loan shall be repaid in nineteen (19) consecutive equal quarterly installments as follows: (i) the first eighteen (18) installments will be due on each March 31, June 30, September 30 and December 31, beginning March 31, 2006 and through June 30, 2010 and (ii) the nineteenth (19th) and final installment will be due on October 18, 2010.
Foreign Term Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make its portion of a term loan (the “Foreign Term Loan”) to the Foreign Borrowers in US Dollars or in one or more Alternative Currencies on the First Amendment Effective Date in an amount not to exceed the US Dollar Equivalent of such Lender’s Foreign Term Loan Commitment. Amounts repaid on the Foreign Term Loan may not be reborrowed. The Foreign Term Loan may consist of Base Rate Loans (to the extent denominated in US Dollars) or Eurodollar Rate Loans, as further provided herein.
Foreign Term Loan. The Foreign Borrowers shall repay the outstanding principal amount of the Foreign Term Loan in installments on the dates and in the amounts equal to the percentage of the initial principal amount of the Foreign Term Loan set forth in the table below (as such installments may hereafter be adjusted as a result of prepayments made pursuant to Section 2.08), unless accelerated sooner pursuant to Section 9.02: Payment Dates Principal Amortization Payment September 30, 2007 1.25 % December 31, 2007 1.25 % March 31, 2008 1.25 % June 30, 2008 1.25 % 68 Payment Dates Principal Amortization Payment September 30, 2008 2.50 % December 31, 2008 2.50 % March 31, 2009 2.50 % June 30, 2009 2.50 % September 30, 2009 3.75 % December 31, 2009 3.75 % March 31, 2010 3.75 % June 30, 2010 3.75 % September 30, 2010 5.00 % December 31, 2010 5.00 % March 31, 2011 5.00 % June 30, 2011 5.00 % September 30, 2011 12.50 % December 31, 2011 12.50 % Maturity Date Outstanding Principal Amount of Foreign Term Loan
Foreign Term Loan. Subject to the terms and conditions ----------------- set forth in this Credit Agreement, (a) each of the Multicurrency Lenders agrees to lend to Samsonite Europe, in Belgian francs, on the Closing Date the amount of its Foreign Term Loan Commitment Percentage, and (b) the Fronting Bank agrees to lend the aggregate Foreign Term Loan Commitment Percentage of each of the Non- Multicurrency Lenders, of the aggregate amount of Belgian francs 1,853,750,000 (constituting the Dollar Equivalent as of the Closing Date of the principal amount of $50,000,000). The Foreign Term Loan shall be made pro rata in accordance with each Multicurrency Lender's -------- Foreign Term Loan Commitment Percentage (and, in the case of the Fronting Bank, pro rata in accordance with the aggregate Foreign Term -------- Loan Commitment Percentages of the Non-Multicurrency Lenders). The Foreign Term Loan shall be funded from the applicable Multicurrency Lending Office of each Multicurrency Lender located in Belgium and the Fronting Bank's Belgian Lending Office, as the case may be, and shall be denominated in Belgian francs. The Foreign Term Loan shall constitute a Multicurrency Loan and shall be subject to the provisions contained in this Credit Agreement relating thereto.
Foreign Term Loan. The obligations of Samsonite Europe to ----------------- repay all amounts borrowed by it as the Foreign Term Loan, all interest thereon and all other amounts payable by it in respect thereof shall be evidenced by this Credit Agreement, including any recordations made by any applicable Multicurrency Lender or the Fronting Bank, as the case may be, in respect of the date, amount and currency of the Foreign Term Loan, each Interest Period relating thereto, the date and amount of each payment or prepayment of principal, interest or fees of the Foreign Term Loan made to such Multicurrency Lender or Fronting Bank, as the case may be (collectively, the " Term Loan Account") it being the intention of the parties hereto that Samsonite Europe's obligations with respect to the Foreign Term Loan owed by it hereunder shall be evidenced only as stated herein and not by separate promissory notes or other instruments. The aggregate unpaid amount set forth on such Multicurrency Lender's or Fronting Bank's Record with respect to the Foreign Term Loan shall be prima facie evidence of the amount thereof ----- ----- owing and with respect to the Foreign Term Loan unpaid to such Lender, but the failure to record, or any error in so recording, any such amount on such Record shall not affect the obligation of Samsonite Europe hereunder to make payments of principal of and interest on the Foreign Term Loan when due.
Foreign Term Loan. Samsonite Europe shall notify the ----------------- Foreign Agent (with a copy to the Administrative Agent), such notice to be irrevocable, by not later than 11:00 a.m. (Applicable Belgium Time) at least three (3) Business Days prior to the Drawdown Date of the Foreign Term Loan. Such notice shall specify the proposed Interest Period(s) for and, if applicable, related principal amounts of the respective tranches of the Foreign Term Loan. After the Foreign Term Loan has been made, the provisions of (S)4.8 shall apply with respect to the Foreign Term Loan.
Foreign Term Loan. Not later than 1:00 p.m. (Applicable ----------------- Belgium Time) on the proposed Drawdown Date of the Term Loan, each of the Multicurrency Lenders and the Fronting Bank will make available to the Foreign Agent, at the Foreign Agent's Belgian Lending Office, in Belgian francs in Same Day Funds (a) in the case of each Multicurrency Lender, the amount of such Multicurrency Lender's Foreign Term Loan Commitment Percentage of the amount of the Foreign Term Loan and (b) in the case of the Fronting Bank, the Non-Multicurrency Lenders' Foreign Term Loan Commitment Percentages of the amount of the Foreign Term Loan. Upon receipt from each Multicurrency Lender and the Fronting Bank, as the case may be, of such amount, and upon receipt of the documents required by (S)(S)12 and 13 and the satisfaction of the other conditions set forth therein, to the extent applicable, the Foreign Agent will make available to Samsonite Europe the aggregate amount of the Foreign Term Loan.
Foreign Term Loan. The Administrative Agent and Lxxxxxx hereby confirm that as of the date hereof, the principal and interest on the Foreign Term Loan have been paid in full and the obligations of the Foreign Borrower relating thereto have been satisfied. Foreign Borrower shall remain liable for other payment or performance obligations as set forth in Section 12.14.2.
Foreign Term Loan. Subject to the terms and conditions set forth herein, each Lender severally agrees to make a term loan (the “Foreign Term Loan”) to the Foreign Borrower in Dollars on the Initial Funding Date in the principal amount of such Lender’s Foreign Term Loan Commitment, as set forth on Schedule 2.01; provided, however, that after giving effect to the Borrowing of the Foreign Term Loan, the Outstanding Amount of the Foreign Term Loan shall not exceed the Aggregate Foreign Term Loan Commitments. Amounts repaid on the Foreign Term Loan may not be reborrowed. The Foreign Term Loan may consist of Base Rate Loans or Eurocurrency Loans, as further provided herein.
