European Term Loans definition
Examples of European Term Loans in a sentence
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.
The terms and provisions of the New Term Loans and New Term Loan Commitments of any Series shall be, except as otherwise set forth herein or in the Joinder Agreement, identical to the U.S. Term Loans and European Term Loans.
Section 2.7(b) of the Credit Agreement is hereby amended by adding the following provision to the end thereof: Information contained in the Register with respect to any entry relating to U.S. Term Loans, European Term Loans and/or New Term Loans held by any Sponsor Affiliated Lender shall be available for inspection by any Lender at any reasonable time and from time to time upon reasonable prior notice to the Administrative Agent.
Sponsor has notified Administrative Agent that it desires to amend the Credit Agreement to permit it to purchase from time to time U.S. Term Loans, European Term Loans and/or New Term Loans from Lenders as contemplated herein (each, a “First Lien Sponsor Purchase”, and collectively, the “First Lien Sponsor Purchases”); and WHEREAS, subject to certain conditions, Requisite Lenders are willing to agree to such amendments relating to the Credit Agreement.
European Borrower acknowledges it has received from European Administrative Agent as of the date of its execution of the Agreement a letter stating for information purposes an effective global rate applicable to outstanding amounts under the European Term Loans corresponding to examples.
On the Closing Date, 10,000,000 Euros of the Outstanding Original European Term Loan Balance shall be continued and shall convert automatically, for all purposes of this Agreement to "EUROPEAN TERM LOAN" hereunder owing to the European Term Lenders as if such European Term Loans had been made by the European Term Lenders to the European Borrower hereunder on the Closing Date ratably in accordance with their respective Pro Rata Shares.
Notwithstanding the foregoing, the Parent Borrower will not permit the European Borrower to cease to be a Restricted Subsidiary unless all European Term Loans shall have been, or shall concurrently therewith be, repaid.
As of the Second Restatement Effective Date, after giving effect to the Second Amendment and the reclassification of certain European Term Loan C2 to Extended European Term Loan C2 as contemplated therein, the aggregate principal amount of outstanding Extended European Term Loan C2 is €116,257,766.60 and the Extended European Term Loans C2 of each applicable Lender as of such date is set forth next to such Lender’s name on Appendix A-4 hereto.
Notwithstanding the foregoing, the Parent Borrower will not permit the European Subsidiary Borrower to cease to be a Restricted Subsidiary unless all European Term Loans shall have been, or shall concurrently therewith be, repaid.
Subject to Sections 2.13(a) and 2.14, all amounts owed hereunder with respect to the First Lien US Term Loans and the First Lien European Term Loans shall be paid in full no later than the First Lien US Term Loan Maturity Date and the First Lien European Term Loan Maturity Date, respectively.