Examples of Australian Loans in a sentence
The Australian Borrower promises to pay on the Maturity Date, and there shall become due and payable on the Maturity Date, all of the Australian Loans outstanding to the Australian Borrower on such date, together with any and all accrued and unpaid interest thereon.
Upon the request of any Bank made through the Agent (and in the case of Australian Loans, so long as the issuance of such Note shall not result in the imposition of any stamp, withholding or other tax), the Loans made by such Bank to either Borrower may be evidenced by a promissory note (as amended, supplemented, replaced or otherwise modified from time to time, individually each a "Note" and collectively for all Banks the "Notes") substantially in the form of EXHIBIT A, instead of loan accounts.
The Lenders listed on Schedule II, acting in their role as lenders of the Australian Loans and any other Person who becomes an assignee of any rights and obligations of an Australian Lender pursuant to §20.
In addition, each Australian Offshore Borrower shall execute and deliver to each Lender having Australian Loan Exposure one or more Australian Loan Notes, substantially in the form of Exhibit VI, immediately after the making of the initial Australian Loans (or, in the case of any Additional Offshore Borrower, as a condition of becoming an Australian Offshore Borrower).
Australian Loans shall be issued by the Australian Offshore Borrowers to the Lenders as debentures in inscribed form such issue to be effected by inscription of each Loan and the name of each Lender as described in this subsection 2.1G.
All liabilities and obligations in respect of and relating to the Australian Loans shall be the joint and several Obligations of each Australian Offshore Borrower.
Committed Australian Loans shall be made in Dollars or Australian Dollars and shall be either Australian Base Rate Loans, LIBO Rate Loans (if in Dollars) or BBR Rate Loans, as the Australian Borrower or the Parent, on behalf of the Australian Borrower, may request subject to and in accordance with this Section 2.02.
Upon the effectiveness of any such transfer the outstanding European Loans, Canadian Loans and Australian Loans shall be repaid with advances made to the Domestic Borrowers under the Aggregate Domestic Revolving Loan Commitments, advanced by the Lenders in such manner that after giving effect thereto, the percentage of the outstanding Loans and Letter of Credit Obligations of each Lender will equal such Lender’s Commitment Percentage of all outstanding Loans and Letter of Credit Obligations.
Each borrowing of Australian Loans shall be on a Business Day and shall be in an aggregate Dollar Equivalent amount of at least U.S.$500,000 and an integral multiple of (x) in the case of Eurodollar Loans, U.S.$100,000 and (y) in the case of Xxxx Rate Loans, A$500,000.
In another area of the world, Australia, the general rule in Commonwealth-state councils is majority rule.3 However, a part icularly innovative example of qualified majority rule was followed in the Australian Loans Council which is made up of representatives of the Commonwealth and state governments.