European Borrower definition
Examples of European Borrower in a sentence
European Borrower agrees that whenever, at any time, or from time to time, it shall make any payment to any Agent or any Multicurrency Revolving Lender or Canadian Revolving Lender on account of its liability under this Article XIV, it will notify such Agent or such Multicurrency Revolving Lender or Canadian Revolving Lender in writing that such payment is made under the guarantee contained in this Article XIV for such purpose.
Prior to the Revolver Termination Date for the Multicurrency Revolving Commitment, Multicurrency Revolving Loans may be repaid and reborrowed by U.S. Borrower, European Borrower and the Subsidiary Borrowers in accordance with the provisions hereof and, except as otherwise specifically provided in Section 3.6 all Multicurrency Revolving Loans comprising the same Borrowing shall at all times be of the same Type.
However, each of the European Borrower and the Subsidiary Borrowers which is incorporated in France acknowledge that it has received from the Agent on the date of execution of this Agreement an example of the calculation of the taux effectif global in a form TEG Letter, with execution 134 of such letter to follow promptly after the Effective Date.
No amount of a Term Euro Loan which is repaid or prepaid by European Borrower may be reborrowed hereunder.
The proceeds of the Term A Loans and Term Euro Loans incurred on the Incremental Amendment No. 3 and Fifth Amendment Effective Date shall be used by the U.S. Borrower and European Borrower as set forth in the Incremental Amendment No. 3 and Fifth Amendment.