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.
Specifically, Aleris shall make a series of capital contributions and/or loans through its direct and indirect subsidiaries to European Term Loan Acquisition Entity.
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.
Notwithstanding the foregoing, if earlier than the dates set forth above, the outstanding principal balance of the European Term Loan shall be due and payable in full on the European Commitment Termination Date (it being understood that the European Commitment Termination Date may be extended in accordance with the terms and conditions of this Agreement).
Any Claim arising out of that certain European Term Loan Facility.
Each of Borrowers and the other Credit Parties hereby acknowledges and agrees that as of October 5, 2006, (a) the outstanding balance of the European Revolving Loan is $0, (b) the outstanding balance of the US Revolving Loan is $0, (c) the outstanding balance of the US Term Loan is $45,000,000, and (d) the outstanding balance of European Term Loan is $0.
In accordance with the provisions of the Original Credit Agreement, certain of such Term Lenders have assigned a portion of their European Term Loan and as of the Closing Date (after giving effect to amortization and other payments made in accordance with the Original Credit Agreement), the amount of each Term Lender's European Term Loan Commitment is set forth on Annex I hereto.
An amount equal to (a) $25 million plus (b) interest accrued from August 1, 2009 to the Effective Date on European Roll-Up Term Loan Claims to be rolled up pursuant to the 9019 Settlement set forth in Section 7.3 of the Plan minus (c) interest received from August 1, 2009 to the Effective Date on the European Term Loan Claims to be rolled up into European Roll-Up Term Loan Claims pursuant to the 9019 Settlement.
This Note is one of the “European Term Loan C Notes” in the aggregate principal amount of €280,000,000 and is issued pursuant to and entitled to the benefits of the Credit Agreement, to which reference is hereby made for a more complete statement of the terms and conditions under which the European Term Loan C evidenced hereby was made and is to be repaid.
The European Term Loan shall be evidenced by promissory notes substantially in the form of EXHIBIT 1.1(b) (each a "EUROPEAN TERM NOTE" and, collectively, the "EUROPEAN TERM NOTES"), and, except as provided in SECTION 1.7, the European Borrower shall execute and deliver each European Term Note to the applicable European Term Lender.