Examples of French Borrowers in a sentence
Prior to the Revolver Termination Date, French Revolving Loans may be repaid and reborrowed by the Company, European Holdco and the Other Subsidiary Borrowers (including the French Borrowers) in accordance with the provisions hereof.
Notwithstanding anything to the contrary, each French Borrower shall be jointly and severally liable (“codébiteur solidaire”) for all the other Subsidiary Borrower Obligations of the French Borrowers.
Prior to the Revolver Termination Date, Multicurrency Revolving Loans may be repaid and reborrowed by Company, European Holdco and Other Subsidiary Borrowers (other than the French Borrowers) in accordance with the provisions hereof.
Except as specifically provided in the Credit Agreement, the French Borrowers hereby waive presentment, demand, protest, notice of intent to accelerate, notice of acceleration, and any other notice of any kind.
Concerning Joint and Several Liability of the French Borrowers ...........
Both principal and interest are payable in Euros to the Agent at 29, Xxxxxxxxx Xxxxxxxx, 00000 Xxxxx Xxxxxx (xx at such other location or address as may be specified by the Agent in writing to the French Borrowers) in same day funds.
Because the interest rates applicable to certain Types of French Revolving Advances and French Term Advances are variable, it is not possible to calculate the "taux effectif global" of the credit facility made available to the French Borrowers in accordance with Article L313-2 of the French "Code de la Consommation." However, the French Borrowers hereby acknowledge that they have made their own determination to satisfy themselves as to the effective all-in cost of the credit facility.
The proceeds of the Loans are to be used to pay related fees and expenses of the Transactions and to finance ongoing working capital needs (including purchases of Equipment) and for general corporate purposes (including Permitted Acquisitions and repayment or prepayment of Indebtedness) of the U.S. Borrowers, the ROW Borrowers, the Canadian Borrowers and the French Borrowers.
The proceeds of the Loans are to be used to pay related fees and expenses of the Transactions and to finance ongoing working capital needs (including purchases of Equipment) and for general corporate purposes (including Permitted Acquisitions and repayment or prepayment of Indebtedness) of the U.S. Borrowers, the ROW Borrowers, the Canadian Borrowers, the French Borrowers and the FrenchANZ Borrowers.
All outstanding French Swingline Loans to the French Borrowers shall bear interest on the unpaid principal amount thereof (including, to the extent permitted by law, on interest thereon not paid when due) from the date made until paid in full in cash at a rate determined by reference to the Foreign Base Rate or the LIBOR Rate, plus the Applicable Margin, but not to exceed the Maximum Rate.