Common use of The Initial Euro Term Borrowing Clause in Contracts

The Initial Euro Term Borrowing. Subject to the terms and conditions set forth herein, each Euro Term Lender with an Initial Euro Term Commitment severally agrees to make a single loan denominated in Euros (the “Initial Euro Term Loans”) to the Borrowers (on a joint and several basis) on the Closing Date in an amount not to exceed such Euro Term Lender’s Initial Euro Term Commitment. The Initial Euro Term Borrowing shall consist of Initial Euro Term Loans made simultaneously by the Euro Term Lenders in accordance with their respective Euro Term Commitments. Amounts borrowed under this Section 2.01(b) and subsequently repaid or prepaid may not be reborrowed. Initial Euro Term Loans may be Eurocurrency Rate Loans as further provided herein.

Appears in 4 contracts

Samples: Credit Agreement (Axalta Coating Systems Ltd.), Credit Agreement (Axalta Coating Systems Ltd.), Credit Agreement (Axalta Coating Systems Ltd.)

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The Initial Euro Term Borrowing. Subject to the terms and conditions set forth herein, each Euro Term Lender with an Initial Euro Term Commitment severally agrees to make a single loan denominated in Euros to the Term Borrowers on a joint and several basis (the “Initial Euro Term Loans”) to the Borrowers (on a joint and several basis) on the Closing Date in an amount not to exceed such Euro Term Lender’s Initial Euro Term Commitment. The Initial Euro Term Borrowing shall consist of Initial Euro Term Loans made simultaneously by the each Term Lender with an Initial Euro Term Lenders Commitment in accordance with the amount of their respective Initial Euro Term Commitments. Amounts borrowed under this Section 2.01(b) and subsequently repaid or prepaid may not be reborrowed. Initial Euro Term Loans may shall be Eurocurrency Rate Loans as further provided herein.

Appears in 2 contracts

Samples: Credit Agreement (Orion S.A.), Credit Agreement (Orion Engineered Carbons S.A.)

The Initial Euro Term Borrowing. (i) Subject to the terms and conditions set forth herein, each Euro Term Lender with an Initial Erste Euro Term Commitment severally severally, and not jointly, agrees to make a single loan denominated in Euros to KP Erste (the “Initial Erste Euro Term Loans”) to the Borrowers (on a joint and several basis) on the Closing Date in an amount not to exceed such Euro Term Lender’s Initial Erste Euro Term Commitment. The Initial Erste Euro Term Borrowing shall consist of Initial Erste Euro Term Loans made simultaneously by the each Term Lender with an Initial Erste Euro Term Lenders Commitment in accordance with the amount of their respective Initial Erste Euro Term Commitments. Amounts borrowed under this Section 2.01(b2.01(b)(i) and subsequently repaid or prepaid may not be reborrowed. Initial Erste Euro Term Loans may shall be Eurocurrency Rate Loans as further provided herein.

Appears in 1 contract

Samples: Credit Agreement (Kleopatra Holdings 2 S.C.A.)

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The Initial Euro Term Borrowing. Subject to the terms and conditions set forth herein, each Euro Term Lender with an Initial Euro Term Commitment severally agrees to make a single loan denominated in Euros (the “Initial Euro Term Loans”) to the Borrowers (on a joint and several basis) on the Closing Date in an amount not to exceed such Euro Term Lender’s Initial Euro Term Commitment. The Initial Euro Term Borrowing shall consist of Initial Euro Term Loans made simultaneously by the Euro Term Lenders in accordance with their respective Euro Term Commitments. Amounts borrowed under this Section 2.01(b) and subsequently repaid or prepaid may not be reborrowed. Initial Euro Term Loans may be Eurocurrency Rate Loans as further provided hereinherein.[Reserved].

Appears in 1 contract

Samples: Credit Agreement (Axalta Coating Systems Ltd.)

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