Examples of English Loan in a sentence
Each English Loan Party’s and Irish Loan Party’s payment obligations under the Loan Documents to which it is a party rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.
Each English Loan Party’s centre of main interest (as that term is used in Article 3(1) of the European Insolvency Regulation) is situated in its Original Jurisdiction and it has no “establishment” (as that term is used in Article 2 no.
The English Loan Party shall ensure that it does not (a) change the location of its centre of main interest (as that term is used in Article 3(1) of the EU Regulation) for the purposes of the Regulation.
For the purposes of Regulation (EU) 2015/848 of 20 May 2015 on insolvency proceedings (recast) (the “EU Regulation”), the English Loan Party’s centre of main interest (as that term is used in Article 3(1) of the EU Regulation) is situated in England and Wales and it has no “establishment” (as that term is used in Article 2(10) of the EU Regulation) in any other jurisdiction.
Upon written request of any Lender, the Company's obligations to pay such Lender's Percentage Interest in the English Loan shall be further evidenced by a separate note of the English Borrower in substantially the form of Exhibit 2.2.3 (the "English Notes"), payable to such Lender in accordance with such Lender's Percentage Interest in the English Loan.
In addition, the sum of the Revolving Loan plus the English Loan plus the Letter of Credit Exposure shall in no event exceed the Maximum Amount of Revolving Credit.
In no event will the principal amount of loans at any one time outstanding made by any Lender pursuant to this Section 2.1, together with such Lender's Percentage Interest in the English Loan and in the Letter of Credit Exposure, exceed such Lender's Commitment with respect to the Revolving Loan.
This Agreement shall be binding upon each English Loan Party and its successors and assigns and shall inure to the benefit of the Administrative Agent and the Lenders and their respective successors and permitted assigns; all references herein to the English Loan Party shall be deemed to include their respective successors and permitted assigns.
The sum of Letter of Credit Exposure plus the Revolving Loan plus the English Loan shall in no event exceed the Maximum Amount of Revolving Credit.
With respect to each English Loan Party whose shares are subject to Collateral, each such English Loan Party shall: (i) within the relevant timeframe, comply with any notice it receives pursuant to Part 21A of the Companies Xxx 0000 from any company incorporated in the United Kingdom whose shares are the subject of the Collateral and (ii) promptly provide the Administrative Agent with a copy of that notice.