Examples of French Borrowers in a sentence
If a Market Disruption Event occurs and the French Administrative Agent or any French Borrower so requires, the French Administrative Agent and the French Borrowers shall enter into negotiations (for a period of not more than thirty days) with a view to agreeing a substitute basis for determining the rate of interest.
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For the avoidance of doubt, (x) the foregoing provisions shall not be read so as to require the French Borrowers to open separate bank accounts for the purposes of payments to or receipt of payments from the Agent and (y) this clause (a)(ii) shall not apply to any fees or commissions paid to the Agent.
Any such alternative basis so agreed shall, with the prior consent of all the Term Lenders and the French Borrowers, be binding on all parties.
Each Bank severally agrees, on the terms and conditions set forth in this Agreement, to make French Revolving Advances to the French Borrowers from time-to-time on any Business Day during the period from the date of this Agreement until the relevant Maturity Date in an aggregate principal amount not to exceed at any time outstanding such Bank's French Revolving Commitment.
The proceeds of the Loans are to be used to refinance the facility under the Existing Loan Agreement, 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 ANZ Borrowers.
Notwithstanding any of the provisions of this Article VI, none of the Material Subsidiaries of any of the French Borrowers shall be under any obligation pursuant thereto.
Without limiting the generality of the foregoing, the Company's liability shall extend to all amounts which constitute part of the Guaranteed Obligations and are owed by the Company even if they are declared unenforceable or not allowable due to the existence of a bankruptcy, reorganization or similar proceeding involving any of the French Borrowers or SMS.
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.
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.