European Term Loan definition

European Term Loan means a European Term Loan made by a Lender to European Borrower pursuant to Section 2.1(a)(ii).
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European Term Loan has the meaning ascribed to it in Section 1.1(c)(ii).
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European Term Loan means the term loan and/or revolving financing to be provided to General Cable Spain by Banco Bilbao Vizcaya Argentaria, S.A. in the original principal amount of not less than the Dollar Equivalent of EUR 30 million.
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Examples of European Term Loan in a sentence

  • The European Borrowers hereby unconditionally promise to pay to the Administrative Agent for the account of each applicable Lender the principal amount of each European Term Loan of such Lender as provided in Section 2.11.

  • Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the U.S. Term Loans and the European Term Loans shall be paid in full no later than the U.S. Term Loan Maturity Date and the European Term Loan Maturity Date, respectively.

  • No payment with respect to the European Term Loan may be reborrowed.

  • Specifically, Aleris shall make a series of capital contributions and/or loans through its direct and indirect subsidiaries to European Term Loan Acquisition Entity.

  • To the extent a holder of a U.S. Roll-Up Term Loan Claim, European Roll-Up Term Loan Claim or European Term Loan Claim requires any regulatory approval to purchase such New Common Stock, the Debtors will not distribute any shares of New Common Stock to such holder unless and until all such regulatory approvals are received.

  • U.S. Borrower may make only one borrowing under the U.S. Term Loan Commitment and European Borrower may make only one borrowing under the European Term Loan Commitment which shall be on the Closing Date.

  • Notwithstanding the foregoing, the outstanding principal balance of the US Term Loan A and the European Term Loan A shall be due and payable in full on the Commitment Termination Date.

  • For purposes of determining any pro rata allocation contemplated under this subsection at any time, the amount of any First Lien European Term Loan shall be the Dollar Equivalent of the principal amount thereof at such time.

  • Each European Term Note A shall represent the obligation of DF to pay the amount of the European Term Loan Commitment of each applicable European Term A Lender, together with interest thereon.

  • Each Lender’s U.S. Term Loan Commitment and European Term Loan Commitment shall terminate immediately and without further action on the Closing Date after giving effect to the funding of such Lender’s U.S. Term Loan Commitment and European Term Loan Commitment on such date.


More Definitions of European Term Loan

European Term Loan means the non-amortizing term loan made on or prior to the date hereof by Lender to Tekni-Plex Europe B.V. in an aggregate principal amount of $33,500,000 (or its equivalent in Euros).
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European Term Loan has the meaning specified in Section 2.01(c). “European Term Loan Maturity Date” means May 3, 2029. “Event of Default” has the meaning specified in Section 9.01. “Excluded Property” has the meaning set forth in the Security Agreement. “Excluded Subsidiary” means (i) any Unrestricted Subsidiary, (ii) any Foreign Subsidiary, (iii) any Subsidiary of a Foreign Subsidiary, (iv) any CFC Holdco, (v) any Subsidiary that is not a Wholly-Owned Restricted Subsidiary, (vi) any Subsidiary that is subject to regulation as an insurance company, (vii) any Receivables Financing SPC, (viii) any Subsidiary acquired after the Original Closing Date that is prohibited by applicable Law or by any contractual obligation existing at the time of such acquisition thereof (so long as such prohibition is not created in contemplation of such acquisition) from guaranteeing the Obligations, or which would require governmental (including regulatory) consent, approval, license or authorization to provide a guaranty and such consent, approval, license or authorization not has been received after such Subsidiary’s commercially reasonable efforts to obtain such consent, approval, license or authorization and (ix) not-for-profit Subsidiaries. “Excluded Swap Obligation” means, with respect to any Guarantor, any Swap Obligation if, and only to the extent that, all or a portion of the Guaranty of such Guarantor of, or the grant under a Loan Document by such Guarantor of a security interest to secure, such Swap Obligation (or any Guarantee
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Related to European Term Loan

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

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

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

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche B Term Loan as defined in Section 2.1.

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

  • Tranche A Term Loan as defined in Section 2.1.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

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

  • Alternative Currency Term Rate Loan means a Committed Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • Tranche B Term Loans means the Loans made by Lenders to Company pursuant to subsection 2.1A(ii).

  • Tranche A Term Lender means a Lender with a Tranche A Term Commitment or an outstanding Tranche A Term Loan.

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • Alternative Currency Term Rate means, for any Interest Period, with respect to any Credit Extension:

  • Tranche A Term Loan Lender each Lender that has a Tranche A Term Loan Commitment or is the holder of a Tranche A Term Loan.

  • Delayed Draw Term Loan has the meaning specified in Section 2.01(b).

  • Incremental Term Loan has the meaning set forth in Section 2.14(b).

  • Tranche B Term Lender means a Lender with a Tranche B Term Commitment or an outstanding Tranche B Term Loan.

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

  • New Term Loans as defined in Section 2.24.

  • Incremental Term Borrowing means a Borrowing comprised of Incremental Term Loans.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).