Examples of Existing Canadian Term Loans in a sentence
On and after the Closing Date, all Existing Canadian Term Loans made under the Existing Credit Agreement shall be deemed to be Canadian Term Loans made under this Agreement and shall be subject to all the terms and conditions hereof.
The principal amount of the Existing Canadian Term Loans made under the Existing Credit Agreement that remain outstanding as of the Closing Date shall constitute Canadian Term Loans hereunder.
Such Existing U.S. Term Loans shall on and after the Second Restatement Date have all of the rights and benefits of U.S. Term Loans as set forth in this Agreement and the other Loan Documents and such Existing Canadian Term Loans shall on and after the Second Restatement Date have all of the rights and benefits of Canadian Term Loans as set forth in this Agreement and the other Loan Documents.
The proceeds of the Existing Canadian Term Loans were used on the First Restatement Date by the Canadian Borrower solely to return capital to its parent and such proceeds were in turn used by such parent or by Cedar Fair LP to prepay a portion of the term loan made under the Original Credit Agreement on the Original Closing Date in a principal amount of $270,000,000.
Notwithstanding anything herein to the contrary, all such Term Loans deemed so made hereunder on the Second Restatement Date pursuant to this Section 2.1 that are Eurodollar Loans will have initial Interest Periods ending on the same dates as the Interest Periods applicable to the Existing U.S. Term Loans and/or Existing Canadian Term Loans, as applicable, of such Continuing Lenders.
The agreement may also be concluded over the phone if you have signed a ‘Financing and registration agreement’ or if the loan does not exceed DKK 5 million or the equivalent in euros.Agreements for higher amounts may be concluded over the phone by your bank, your real estate agent or solicitor.
Subject to the terms and conditions and relying on the representations and warranties herein set forth, each Extending Canadian Term Lender agrees, severally and not jointly, to be deemed to have made a Canadian Tranche B Term Loan to Canadian Borrower on the Restatement Date in the principal amount equal to its Canadian Tranche B Term Commitment by converting its Existing Canadian Term Loans to Canadian Tranche B Term Loans in a principal amount equal to its Canadian Tranche B Term Commitment.
Any Existing Canadian Term Loans of any Existing Canadian Term Lender not so converted shall be deemed to be Canadian Tranche A Term Loans hereunder.
The Canadian Borrower acknowledges and confirms that certain of the Existing Canadian Lenders have previously made term loans (collectively, the "Existing Canadian Term Loans") to it in an aggregate principal amount of C$86,750,000.