Examples of Euro Term Loan Commitment in a sentence
Promptly upon receipt by Administrative Agent and Syndication Agent of such Funding Notice, Administrative Agent or Syndication Agent shall notify each Additional Tranche B Term Lender with a Tranche B Dollar Term Loan Commitment or a Tranche B Euro Term Loan Commitment of the proposed borrowing.
The Closing Date Euro Term Loan Commitment of each Euro Term Lender on the Closing Date shall be automatically and permanently reduced to €0 upon the making of such Lender’s Closing Date Euro Term Loans to the Borrower pursuant to Section 2.01(1)(b).
Subject to the terms and conditions hereof, each Lender severally agrees to make, on the Closing Date, (i) a Tranche A Dollar Term Loan to the U.S. Borrower in Dollars in an amount equal to its Tranche A Dollar Term Loan Commitment and (ii) a Tranche A Euro Term Loan to the European Borrower in Euros and in an amount equal to its Tranche A Euro Term Loan Commitment.
Subject to the terms and conditions set forth herein, each Lender having an Initial Euro Term Loan Commitment severally and not jointly agrees to make a loan or loans denominated in Euros (each, an “Initial Euro Term Loan”) to Borrower on the Closing Date, which Initial Euro Term Loans shall not exceed for any such Lender the Initial Euro Term Loan Commitment of such Lender and in the aggregate shall not exceed €230,000,000.
On the Closing Date (after giving effect to the funding of the Initial Euro Term Loans to be made on such date), the Initial Euro Term Loan Commitments of each Term Lender with an Initial Euro Term Loan Commitment as of the Closing Date will automatically and permanently terminate.