European definition
Examples of European in a sentence
Each such notice must be received by such Swing Line Lender and the Administrative Agent not later than (w) 1:00 p.m. (Eastern time) for Domestic Swing Line Loans, (x) 11:00 a.m. (London time) for European Swing Line Loans and (y) 11:00 a.m. (Sydney time) for Australian Swing Line Loans and shall specify (i) the amount to be borrowed and (ii) the requested borrowing date, which shall be a Business Day.
Notice for the exercise of the European Option, unless otherwise agreed in written agreement, only shall be made by the Buyer on the Due Day, and the European Option agreement shall be exercised during the agreed time period on the agreed Due Day and shall be fulfilled on the Settlement Day.
The agreement that the Seller of the Option promises that the Buyer of the Option has the right (but not the obligation) to buy/sell an underlying asset from/to him when exercising the Option (including American, European, Bermuda, etc.), and an actual delivery or a balance settlement may be made when the agreement is performed.
Example: The Customer agrees to sell (or buy) specified shares of put on a specific date in the future (European), and the agreed price shall be the Strike Price.
Immediately upon the making of a European Swing Line Loan, each Multicurrency Lender shall be deemed to, and hereby irrevocably and unconditionally agrees to, purchase from the European Swing Line Lender a risk participation in such European Swing Line Loan in an amount equal to the product of such Lender’s Applicable Percentage times the amount of such European Swing Line Loan.