Fronted Loans Sample Clauses

Fronted Loans. That portion of the Revolving Credit Loans which is funded by the Fronting Bank and is not funded by another Bank. Fronting Bank. BankBoston, N.A., acting through its Nassau, Bahamas branch, as fronting bank and any other Person who replaces BankBoston, N.A. as Fronting Bank pursuant to the provisions of Section 2.10.3 hereof, provided, for purposes of this Credit Agreement, in the event the Fronting Bank is also a Bank, such Person's funding requirements in its capacity as Fronting Bank shall not include its independent requirement in its individual capacity to fund as a Bank. Fronting Loan Event. A Fronting Loan Event shall be deemed to occur if at any time it should become illegal or would violate any law, order, regulation or policy (including, without limitation, any internal banking or other lending policy of the Fronting Bank) or would otherwise not be practicable for the Fronting Bank to hold the Fronted Loans; provided, that in the case of any Fronting Loan Event occurring as a result of any violation of internal banking policy or impracticability, the Fronting Bank will provide the applicable Borrower with not less than five (5) Business Days' notice prior to the occurrence of such Fronting Loan Event.
Sample 1
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Fronted Loans. That portion of the Revolving Credit Loans which is funded by the Fronting Bank and has not been funded by another Lender. FRONTING BANK. With respect to Base Rate Loans advanced to the U.K. Borrower, the Austrian Borrower or the German Borrower, Fleet U.K., and in all other cases, FCC, as fronting bank and any other Person who replaces FCC or Fleet U.K., as the case may be, as Fronting Bank pursuant to the provisions of Section 2.11.3 hereof, provided, for purposes of this Credit Agreement, in the event the Fronting Bank is also a Lender. FRONTING EXPOSURE. The Dollar Equivalent of the aggregate amount of Revolving Credit Loans advanced to the Foreign Borrowers by the Fronting Bank pursuant to Section 2.1.2 (with each Lender agreeing to participate in the risk associated with such Multicurrency Loan in accordance with Section 2.11). FRONTING FEE. See Section 3.6.
Sample 1
Fronted Loans. 2.1A Fronted Subfacility. Subject to the terms and conditions hereof, each Fronting Lender severally agrees to make revolving credit loans (each, a "Fronted Loan") to the relevant Borrower in any Fronted Currency offered by such Fronting Lender to such Borrower from time to time during the Revolving Credit Commitment Period, provided, that (a) the Dollar Equivalent of the aggregate outstanding principal amount of all Fronted Loans shall not, on any date on which Fronted Loans are borrowed, extended or rolled over, exceed $75,000,000 (after giving effect to such borrowing, extension or rollover) and (b) the Dollar Equivalent of the aggregate outstanding principal amount of all Fronted Loans in a particular Fronted Currency shall not, on any date on which Fronted Loans in such Fronted Currency are borrowed, extended or rolled over, exceed the Fronted Currency Sublimit, if any, applicable thereto (after giving effect to such borrowing, extension or rollover). During the Revolving Credit Commitment Period, each Borrower may use the Fronted Subfacility by borrowing, prepaying Fronted Loans in whole or in part, and reborrowing, all in accordance with the terms and conditions hereof.
Sample 1
Fronted Loans. Any Fronted Loan in the currency of a participating member state shall be made in the euro unit.
Sample 1
Fronted Loans. That portion of the Multicurrency Loans and the ------------- Multicurrency Swing Line Loans which are funded by the Fronting Bank and are not funded by another Multicurrency Lender. Fronting Bank. Generale Bank N.V., acting through its Brussels, Belgium ------------- head office, as fronting bank and any other Person who replaces Generale Bank N.V. as Fronting Bank pursuant to the provisions of (S)6.11.4 hereof, provided, -------- for purposes of this Credit Agreement, in the event the Fronting Bank is also a Multicurrency Lender, such Person's funding requirements in its capacity as Fronting Bank shall not include its independent requirement in its individual capacity to fund as a Multicurrency Lender.
Sample 1

Related to Fronted Loans

  • Committed Loans Subject to the terms and conditions set forth herein, each Lender severally agrees to make loans (each such loan, a “Committed Loan”) to the Borrower from time to time, on any Business Day during the Availability Period, in an aggregate amount not to exceed at any time outstanding the amount of such Lender’s Commitment; provided, however, that after giving effect to any Committed Borrowing, (i) the Total Outstandings shall not exceed the Aggregate Commitments, and (ii) the aggregate Outstanding Amount of the Committed Loans of any Lender, plus such Lender’s Applicable Percentage of the Outstanding Amount of all L/C Obligations, plus such Lender’s Applicable Percentage of the Outstanding Amount of all Swing Line Loans shall not exceed such Lender’s Commitment. Within the limits of each Lender’s Commitment, and subject to the other terms and conditions hereof, the Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01. Committed Loans may be Base Rate Loans or Eurodollar Rate Loans, as further provided herein.

  • Loans The Sponsor has agreed to make loans to the Company in the aggregate amount of up to $300,000 (the “Insider Loans”) pursuant to a promissory note substantially in the form annexed as an exhibit to the Registration Statement. The Insider Loans do not bear any interest and are repayable by the Company on the earlier of December 31, 2021 or the consummation of the Offering.

  • Procedure for Advances of Revolving Credit Loans and Swingline Loans Section 2.4 Repayment and Prepayment of Revolving Credit and Swingline Loans

  • Revolver Loans Each Lender agrees, severally on a Pro Rata basis up to its Revolver Commitment, on the terms set forth herein, to make Revolver Loans to Borrowers from time to time through the Commitment Termination Date. The Revolver Loans may be repaid and reborrowed as provided herein. In no event shall Lenders have any obligation to honor a request for a Revolver Loan if the unpaid balance of Revolver Loans outstanding at such time (including the requested Loan) would exceed the Borrowing Base.

  • Revolving Advances Subject to the terms and conditions set forth in this Agreement, each Lender, severally and not jointly, will make Revolving Advances to Borrower in aggregate amounts outstanding at any time equal to such Lender's Commitment Percentage of the lesser of (x) the Maximum Revolving Advance Amount less the aggregate amount of outstanding Letters of Credit or (y) an amount equal to the sum of:

  • Revolving Loans The Borrower shall repay to the Lenders on the Maturity Date the aggregate principal amount of all Revolving Loans outstanding on such date.

  • LOANS, ADVANCES, INVESTMENTS Make any loans or advances to or investments in any person or entity, except any of the foregoing existing as of, and disclosed to Bank prior to, the date hereof.

  • Swingline Advances In addition to the other options available to Borrower hereunder, the Swingline Commitment shall be available for Swingline Advances subject to the following terms and conditions. Swingline Advances shall be made available for same day borrowings provided that notice is given in accordance with Section 2.9 hereof. All Swingline Advances shall bear interest at the Base Rate. In no event shall the Swingline Lender be required to fund a Swingline Advance if it would increase the total aggregate outstanding Revolving Loans by Swingline Lender hereunder plus its Revolving Percentage of Facility Letter of Credit Obligations to an amount in excess of the Swingline Lender’s Revolving Commitment. No Swingline Advance may be made to repay a Swingline Advance, but Borrower may repay Swingline Advances from subsequent pro rata Advances hereunder. On the fifth (5th) day after such a Swingline Advance was made, if such Swingline Advance has not been repaid by Borrower, each Revolving Lender irrevocably agrees to purchase its Revolving Percentage of any Swingline Advance made by the Swingline Lender regardless of whether the conditions for disbursement are satisfied at the time of such purchase, including the existence of an Unmatured Default or Default hereunder provided that Swingline Lender did not have actual knowledge of such Unmatured Default or Default at the time the Swingline Advance was made and provided further that no Lender shall be required to have total outstanding Revolving Loans plus its Revolving Percentage of Facility Letters of Credit exceed its Revolving Commitment. Such purchase shall take place on the date of the request by Swingline Lender so long as such request is made by noon (Cleveland time), and otherwise on the Business Day following such request. All requests for purchase shall be in writing. From and after the date it is so purchased, each such Swingline Advance shall, to the extent purchased, (i) be treated as a Revolving Loan made by the purchasing Revolving Lenders and not by the selling Revolving Lender for all purposes under this Agreement and the payment of the purchase price by a Lender shall be deemed to be the making of a Revolving Loan by such Revolving Lender and shall constitute outstanding principal under such Revolving Lender’s Note, and (ii) shall no longer be considered a Swingline Advance except that all interest accruing on or attributable to such Swingline Advance for the period prior to the date of such purchase shall be paid when due by Borrower to the Administrative Agent for the benefit of the Swingline Lender and all such amounts accruing on or attributable to such Revolving Loans for the period from and after the date of such purchase shall be paid when due by Borrower to the Administrative Agent for the benefit of the purchasing Revolving Lenders. If prior to purchasing its Revolving Percentage of a Swingline Advance one of the events described in Section 7.7 shall have occurred and such event prevents the consummation of the purchase contemplated by preceding provisions, each Lender will purchase an undivided participating interest in the outstanding Swingline Advance in an amount equal to its Revolving Percentage of such Swingline Advance. From and after the date of each Revolving Lender’s purchase of its participating interest in a Swingline Advance, if the Swingline Lender receives any payment on account thereof, the Swingline Lender will distribute to such Revolving Lender its participating interest in such amount (appropriately adjusted, in the case of interest payments, to reflect the period of time during which such Revolving Lender’s participating interest was outstanding and funded); provided, however, that in the event that such payment was received by the Swingline Lender and is required to be returned to Borrower, each Revolving Lender will return to the Swingline Lender any portion thereof previously distributed by the Swingline Lender to it. If any Revolving Lender fails to so purchase its Revolving Percentage of any Swingline Advance, such Revolving Lender shall be deemed to be a Defaulting Lender hereunder. Notwithstanding anything to the contrary contained in this Section 2.16, the Swingline Lender shall not be obligated to make any Swingline Loan at a time when any other Lender is a Defaulting Lender, unless the Swingline Lender is satisfied that the participation therein will otherwise be fully allocated to the Lenders that are Non-Defaulting Lenders consistent with Section 10.14 and the Defaulting Lender shall not participate therein, except to the extent the Swingline Lender has entered into arrangements with the Borrower or such Defaulting Lender that are satisfactory to the Swingline Lender in its good faith determination to eliminate the Swingline Lender’s Fronting Exposure with respect to any such Defaulting Lender, including the delivery of cash collateral.

  • Bid Rate Loans The Borrower shall repay the entire outstanding principal amount of, and all accrued but unpaid interest on, each Bid Rate Loan on the last day of the Interest Period of such Bid Rate Loan.

  • LIBOR Rate Loans During such periods as Revolving Loans shall be comprised of LIBOR Rate Loans, each such LIBOR Rate Loan shall bear interest at a per annum rate equal to the sum of the LIBOR Rate plus the Applicable Percentage. Interest on Revolving Loans shall be payable in arrears on each Interest Payment Date.

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