Common use of The Euro Term Borrowings Clause in Contracts

The Euro Term Borrowings. Subject to the terms and conditions set forth herein, each Euro Term Lender severally agrees to make to the Borrower a single loan (which will be converted into Extended Euro Term Loans and Non-Extended Euro Term Loans pursuant to Section 2.17(c) and Section 2.17(d)) denominated in Euros in a principal amount equal to such Term Lender’s Euro Term Commitment on the Closing Date. Amounts borrowed under this Section 2.01(b) and repaid or prepaid may not be reborrowed. Euro Term Loans must be Eurocurrency Rate Loans, as further provided herein.

Appears in 3 contracts

Samples: Credit Agreement (Catalent Pharma Solutions, Inc.), Credit Agreement (Catalent Pharma Solutions, Inc.), Credit Agreement (Catalent Pharma Solutions, Inc.)

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The Euro Term Borrowings. Subject to the terms and conditions set forth herein, each Euro Term Lender severally agrees to make a single loan to the Borrower a single loan (which will be converted into Extended Euro Term Loans and Non-Extended Euro Term Loans pursuant to Section 2.17(c) and Section 2.17(d)) denominated in Euros on the Closing Date in a principal amount equal not to exceed such Euro Term Lender’s Euro Term Commitment on Commitment. The Euro Term Loans shall be made by the Closing DateEuro Term Lenders in accordance with their respective Euro Term Commitments and shall be denominated in Euros. Amounts borrowed under this Section 2.01(b2.01(c) and repaid or prepaid may not be reborrowed. Euro Term Loans must shall be Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Spectrum Brands, Inc.)

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The Euro Term Borrowings. Subject to the terms and conditions set forth herein, each Euro Term Lender severally agrees to make to the Borrower a single loan (which will be converted into Extended to the U.S. Borrower on the Closing Date in an amount not to exceed such Euro Term Lender's Euro Term Commitment. The Euro Term Borrowing shall consist of Euro Term Loans and Non-Extended made in Euros simultaneously by the Euro Term Loans pursuant to Section 2.17(c) and Section 2.17(d)) denominated Lenders in Euros in a principal amount equal to such Term Lender’s accordance with their respective Euro Term Commitment on the Closing DateCommitments. Amounts borrowed under this Section 2.01(b2.01(c) and repaid or prepaid may not be reborrowed. Euro Term Loans must shall be Eurocurrency Rate Loans, as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Rayovac Corp)

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