European Revolving Loans definition

European Revolving Loans. The revolving credit loans made or to be made by the European Lenders to the European Borrower pursuant to §2.1.
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European Revolving Loans means Revolving Loans pursuant to a European Revolving Facility.
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European Revolving Loans has the meaning assigned to such term in Section 2.01(1) and will include any German Overadvances, German Protective Advances, Spanish Overadvances, Spanish Protective Advances, U.K. Overadvances and U.K. Protective Advances.
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Examples of European Revolving Loans in a sentence

  • European Revolving Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business.

  • The Lender may also attach schedules to this European Revolving Note and endorse thereon the date, amount, currency and maturity of its European Revolving Loans and payments with respect thereto.

  • During the European Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make European Revolving Loans to the European Borrower in an aggregate amount up to but not exceeding such Lender’s European Revolving Commitment; provided, that after giving effect to the making of any European Revolving Loans in no event shall the Total Utilization of European Revolving Commitments exceed the European Revolving Commitments then in effect.

  • Each Lender’s European Revolving Commitments shall expire on the European Revolving Commitment Termination Date and all European Revolving Loans and all other amounts owed hereunder with respect to the European Revolving Loans and the European Revolving Commitments shall be paid in full no later than such date.

  • Whenever the European Borrower desires that Lenders make European Revolving Loans, it shall deliver to the Administrative Agent a fully executed Borrowing Notice no later than 10:00 a.m. (London, England time) at least three Business Days in advance of the proposed Credit Date.

  • Within the foregoing limits and subject to the terms and conditions set forth herein, the Company, in the case of U.S. Revolving Loans, and the Company and/or the European Borrower, in the case of the European Revolving Loans, may borrow, prepay and reborrow Revolving Loans.

  • No promissory notes shall be provided with respect to any European Revolving Loans or the European Overdraft Facility.

  • Each European Protective Advance and each European Overadvance shall bear interest at the Overnight LIBO Rate plus the Applicable Rate for European Revolving Loans plus 2%.

  • Within the foregoing limits and subject to the terms and conditions set forth herein, the European Borrowers may borrow, prepay and reborrow European Revolving Loans.

  • Thereafter, the Borrower Representative may elect to convert such Borrowing (other than European Revolving Loans) to a different Type or to continue such Borrowing and, in the case of a CBFR Rate Borrowing or a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section.


More Definitions of European Revolving Loans

European Revolving Loans means any Revolving Loans made to the European ------------------------ Borrowers subject to the limitations set forth in (S)2.2(a)(i) hereof.
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European Revolving Loans set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:
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European Revolving Loans means, the European Revolving Tranche A Loans and the European Revolving Tranche B Loans; provided that following the Revolving Tranche A Termination Date, unless the maturity of the Loans shall theretofore have been accelerated, the term “European Revolving Loans” shall mean the European Revolving Tranche B Loans.”.
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European Revolving Loans as defined in subsection 5.1(a).
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European Revolving Loans as defined in subsection 7.1(a).
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European Revolving Loans means the European Revolving Tranche B Loans.”.
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Related to European Revolving Loans

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • U.S. Revolving Loans means the revolving loans made to the U.S. Borrowers pursuant to Section 2.1(a)(i), or any amendment to this Agreement entered into pursuant to Section 2.5, 2.6 or 2.7, each Agent Advance made to a U.S. Borrower and each U.S. Swingline Loan.

  • New Revolving Loans as defined in Section 2.25.

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Other Revolving Loans means the Revolving Loans made pursuant to any Other Revolving Commitment.

  • Revolving Loans as defined in Section 2.4(a).

  • Pending Revolving Loans means, at any time, the aggregate principal amount of all Revolving Loans requested in any Notice of Borrowing received by the Agent which have not yet been advanced.

  • ABR Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Existing Revolving Loans has the meaning specified in Section 2.16(a).

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Other Revolving Credit Loans means one or more Classes of Revolving Credit Loans that result from a Refinancing Amendment.

  • Existing Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Canadian Revolving Commitment means, as to each Canadian Revolving Lender, its obligation to make Canadian Revolving Loans to the Canadian Borrower pursuant to Section 2.01, in an aggregate principal amount at any one time outstanding not to exceed the amount set forth opposite such Canadian Revolving Lender’s name on Schedule 2.01, in the Assignment and Assumption or other agreement pursuant to which such Canadian Revolving Lender becomes a party hereto, as such amount may be adjusted from time to time in accordance with this Agreement.

  • Revolving Credit Loans as defined in Section 2.1.

  • Incremental Revolving Loans has the meaning assigned to such term in Section 2.22(a).

  • Refinancing Revolving Loans means one or more Classes of Revolving Loans that result from a Refinancing Amendment.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrowers.

  • Incremental Revolving Credit Loans shall have the meaning provided in Section 2.14(b).

  • Replacement Revolving Loans shall have the meaning assigned to such term in Section 2.21(l).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Base Rate Revolving Loan means a Revolving Loan that is a Base Rate Loan.