Australian Revolving Loan definition

Australian Revolving Loan means a Loan made by the Lenders to an Australian Borrower pursuant to Section 2.01(a). Each Australian Revolving Loan shall either be an ABR Revolving Loan or a Eurodollar Revolving Loan.
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Australian Revolving Loan has the meaning specified in Section 2.01(c).
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Australian Revolving Loan is defined in clause (b) of Section 2.1.1.
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Examples of Australian Revolving Loan in a sentence

  • The Australian Borrower shall have the right, at its election, to repay the outstanding amount of the Australian Revolving Loans, as a whole or in part, at any time without penalty or premium, provided that any full or partial prepayment of the outstanding amount of any Australian Revolving Loan pursuant to this §4.3.4 made on a day other than the last day of the Interest Period relating thereto shall be subject to compliance with §6.

  • In addition, the Australian Offshore Borrower(s) making such issue shall execute and deliver to each Lender having an Australian Revolving Loan Exposure one or more Australian Revolving Loan Notes, substantially in the form of Exhibit VI attached hereto, immediately after the making of such Australian Revolving Loans.

  • Subject to §2.10, the Domestic Revolving Loan Commitments, the Australian Revolving Loan Commitments, the Canadian Revolving Loan Commitments and the European Commitments shall only be available to the Domestic Borrowers, the Australian Borrower, the Canadian Borrower and the European Borrower, respectively, and if unused by such Borrower, will not be available to any other Borrower.

  • The Australian Offshore Borrowers shall make prepayments of the Australian Revolving Loans to the extent necessary so that the Total Utilization of Australian Revolving Loan Commitments does not exceed the Offshore Sublimit then in effect for the Australian Offshore Borrowers.

  • All courses are given the credit value listed in the description.

  • Unless otherwise agreed by Agent and Australian Borrowers, any Australian Revolving Loan or Australian Swing Loan requested by Australian Borrowers and made by Agent or the Australian Revolving Lenders hereunder shall be made to the Australian Designated Account.

  • Each Australian Swing Loan shall be deemed to be an Australian Revolving Loan hereunder and shall be subject to all the terms and conditions (including Section 3) applicable to other Australian Revolving Loans, except that all payments (including interest) on any Australian Swing Loan shall be payable to Australian Swing Lender solely for its own account.

  • Within the limits of each Australian Sub-facility Lender’s Australian Revolving Loan Commitment, and subject to the other terms and conditions hereof, the Australian Borrower may borrow under this Section 2.01, prepay under Section 2.05, and reborrow under this Section 2.01.

  • For so long as any of any Revolver Commitments are in effect and/or any Obligations are outstanding, a portion of the U.S. Revolver Commitments may be allocated to support the availability of Australian Revolving Loan Exposure and a portion of the Australian Revolver Commitments may be allocated to support the availability of U.S. Revolving Loan Exposure, in each case in accordance with this Section 2.2.

  • Such payments, to the extent not determined in Australian Dollars, shall be in the amount of the Australian Dollar Equivalent, and shall be made by KAP to both the Australian Term Loan Facing Bank or the Australian Revolving Loan Facing Bank, as the case may be, as provided in the Australian Credit Facilities in immediately available Australian Dollar funds without setoff, counterclaim or other deduction of any nature.

Related to Australian Revolving Loan

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrowers.

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • New Revolving Loans as defined in Section 2.25.

  • Revolving Loan Lender means a Lender with a Revolving Credit Commitment or a Revolving Loan.

  • Revolving Loans as defined in Section 2.4(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • New Revolving Loan Lender shall have the meaning provided in Section 2.14(b).

  • Revolving Loan has the meaning specified in Section 2.01(a).

  • U.S. Revolving Lender means a Lender with a U.S. Revolving Commitment, in its capacity as such.

  • U.S. Swingline Loan means any swingline loan denominated in Dollars made by the applicable Swingline Lender to a US Borrower pursuant to Section 2.2, and all such swingline loans collectively as the context requires.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.