Examples of Euro Term Facility in a sentence
The Borrower may not reborrow any part of Euro Term Facility A1, Euro Term Facility A2, Euro Term Facility A3, HUF Term Facility B1 or HUF Term Facility B2 which is repaid.
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Exchange Rate: The foreign currency exchange rates used in connection with calculating any amounts to be funded on the Closing Date pursuant to the First Lien Euro Term Facility shall be the applicable First Lien Administrative Agent's spot rate of exchange as of 11 a.m. (London time) on the earlier of (x) the date of final allocation of the First Lien Euro Term Facility (such date determined in consultation with you) (the "Final Allocation Date") and (y) the Closing Date.
Notwithstanding anything to the contrary contained in this Commitment Letter, each party hereto hereby agrees that HSBC shall have the right to assign its commitment in respect of the First Lien Euro Term Facility to any non-U.S. affiliate of HSBC prior to the Closing Date.
The outstanding principal amount of the First Lien Euro Term Facility will be payable in equal quarterly amounts of 1% per annum, with the remaining balance due on the 7–year anniversary of the Closing Date.
The Euro Term Loan Borrowing shall consist of Euro Term Loans made simultaneously by the Euro Term Lenders in accordance with their respective Applicable Percentage of the Euro Term Facility.
After giving effect to all Euro Term Borrowings and all continuations of Euro Term Loans, there shall be no more than five Interest Periods in effect at any time in respect of the Euro Term Facility.
Subject to the terms and conditions set forth herein, each Euro Term Lender severally agrees to make a single loan in Euros (in the Alternative Currency Equivalent of the initial principal amount of the Euro Term Facility) to the Dutch Borrower (as directed by the Company) on the Closing Date in an amount not to exceed such Euro Term Lender’s Euro Term Commitment.
Each Borrowing of Euro Term Loans shall consist of Euro Term Loans made simultaneously by the Euro Term Lenders in accordance with their respective Applicable Percentages with respect to the Euro Term Facility.
For the avoidance of doubt, the Euro Term-1 Loans, on the one hand, and the Euro Term-2 Loans, on the other hand, may not be separately assigned by any Euro Term Lender and each Euro Term Lender shall at all times hold Euro Term-1 Loans and Euro Term-2 Loans in proportion to such Lender's Ratable Portion of the Euro Term Facility.