Foreign Revolving Loan definition
Examples of Foreign Revolving Loan in a sentence
Each Lender shall make the amount of its Foreign Revolving Loan available to the Administrative Agent not later than 12:00 p.m. (London, England time) on the applicable Credit Date by wire transfer of same day funds in the requested Approved Currency, at the Principal Office designated by the Administrative Agent.
Each Lender shall make the amount of its Foreign Revolving Loan available to the Administrative Agent not later than 12:00 p.m. (London, England time) on the applicable Credit Date by wire transfer of same day funds in Euros or the requested Foreign Currency, at the Principal Office designated by the Administrative Agent.
None of the deliveries contemplated in this Section shall be complete until all such deliveries are complete.
Upon any change in the Foreign Revolving Loan Commitments or FRL Percentages of the FRL Banks pursuant to Sections 1.13 and/or 12.04(b), it is hereby agreed that, with respect to all outstanding Foreign Letters of Credit and Unpaid Drawings relating thereto, there shall be an automatic adjustment to the participations pursuant to this Section 2.04 to reflect the new FRL Percentages of the assigning and assignee Bank.
Accrued FRL Commitment Fees shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December and the date upon which the Total Foreign Revolving Loan Commitment is terminated.
The Conflicts Committee is empowered to inquire into any matter it considers appropriate to carry out its responsibilities with full access to all books, records, facilities and personnel of the General Partner and Partnership Group.
Accrued Foreign Letter of Credit Fees shall be due and payable quarterly in arrears on the last Business Day of each March, June, September and December of each year and on the first day on or after the termination of the Total Foreign Revolving Loan Commitment upon which no Foreign Letters of Credit remain outstanding.
All Borrowings of DM Term Loans, Dollar ------------------- Revolving Loans and Foreign Revolving Loans under this Agreement shall be made by the Banks pro rata on the basis of their DM Term Loan Commitments, Dollar --- ---- Revolving Loan Commitments or Foreign Revolving Loan Commitments, as the case may be.
Upon such payment by a Foreign Revolving Credit Lender, such Foreign Revolving Credit Lender shall, except as provided in paragraph (3) below, be deemed to have made a Foreign Revolving Loan to the applicable Foreign Borrower.
Each reduction of the Total Foreign Revolving Loan Commitment pursuant to this Section 3.03(e) shall apply to proportionally and permanently reduce the Foreign Revolving Loan Commitment of each FRL Bank.