Examples of European Credit Agreement in a sentence
Financing Arrangements Notes payable to banks consist of an unsecured, 364 day revolving credit agreement (the "Revolving Facility"), and borrowings by certain of the Company's foreign subsidiaries under credit agreements entered into on September 18, 1995 (the "European Credit Agreement") and on March 14, 1997 (the "Australian Facility") (collectively, "the Foreign Facilities") to support the financing needs of its subsidiaries located in the United Kingdom, Sweden and Australia.
The reduction of the principal amounts outstanding under the Term Loans upon completion of the First Exchange shall be permanent and will constitute a “prepayment” for purposes of Section 2.05 of each of the US Credit Agreement and the European Credit Agreement, and at the closing of the First Exchange, the US Borrower shall make payment of all amounts due under Section 2.09(a) of the US Credit Agreement in connection with such prepayment.
Xxxxxxx One of Several Pages to European Credit Agreement INITIAL COMMITMENT PERCENTAGE AMOUNT 10% $50,000,000 NationsBank of Texas N.A., as a Lender By: /s/ Timoxxx X.
Stepxxx Xxxx The undersigned Obligors consent and agree in all respects to PARAGRAPH 5 and all other provisions of the foregoing First Amendment to European Credit Agreement as Obligors under the European Credit Agreement and all related Loan Documents.
As of the date hereof, the principal amount of US Term Loans held by each Lender under the US Credit Agreement and the principal amount of European Term Loans held by each Lender under the European Credit Agreement are set forth on Schedule 4.2(g) attached hereto.