Bilateral Option Loan definition

Bilateral Option Loan a Loan made by a Bank to a Borrower pursuant to Section 3. Bilateral Option Loans may be either Dollar Bilateral Loans or Alternative Currency Bilateral Loans.
Bilateral Option Loan a Loan made by a Lender to the Borrower pursuant to subsection 3.18.

Examples of Bilateral Option Loan in a sentence

  • Each Borrower shall repay to each Bank which has made a Bilateral Option Loan on the maturity date of each Bilateral Option Loan (such maturity date being that specified in the documentation referred to in subsection 3.1(a)) the then unpaid principal amount of such Bilateral Option Loan.

  • In addition, for so long as the condition specified in the preceding sentence remains in effect, the Administrative Agent shall determine, at the end of each fiscal quarter of the Company, on the basis of the most recently delivered Bilateral Option Loan Report for each Bilateral Option Loan, the Dollar Equivalent of each Alternative Currency Bilateral Loan then outstanding.

  • No Bilateral Option Loan may mature after the Revolving Credit Termination Date.

  • Each Borrower shall repay to each Lender which has made a Bilateral Option Loan on the maturity date of each Bilateral Option Loan (such maturity date being that specified in the documentation referred to in subsection 3.19, but in any event not later than fourteen Business Days after such Bilateral Option Loan is made) the then unpaid principal amount of such Bilateral Option Loan.

Related to Bilateral Option Loan