French Obligations definition

French Obligations means on any date, the portion of the Obligations outstanding that are owed by a French Subsidiary Borrower to the relevant Lender, provided that such Lender or branch or Affiliate of any such Lender is a French licensed credit institution (établissement de credit) or a financial institution authorized to make loans in France (x) under European Union passport rules or (y) directly by the ACPR, as Revolving A Borrower under the Revolving A Credit Facility.

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French Obligations means all amounts owing to any of the Agents or any Lender by any French Loan Party pursuant to the terms of this Agreement or any other Loan Document.

French Obligations means, with respect to the Indebtedness of the French Borrowers under the Loan Documents, any principal, premium (if any), interest (including interest accruing on or after the filing of any petition in bankruptcy or for reorganization relating to any French Borrower whether or not a claim for post-filing interest is allowed in such proceedings), fees, charges, expenses, reimbursement obligations, other monetary obligations of any French Borrower of any nature and all other amounts payable by any French Borrower under the Loan Documents or in respect thereof; provided that, “French Obligations” shall in any event include Designated Bank Products Obligations of any French Borrower; provided, further, that “French Obligations” shall not include any Canadian Obligations, ROW Obligations, U.S. Obligations or ANZ Obligations.

Examples of French Obligations in a sentence

It is acknowledged and agreed that any payments by a French Borrower pursuant to this clause shall only be in relation to French Obligations.
This Agreement shall create a continuing security and no change or amendment whatsoever to the Credit Agreement or the Guaranty (French Obligations) or to any document or agreement related thereto shall affect the validity or the scope of this Agreement nor the obligations which are imposed on any Pledgor pursuant to it, provided that the obligations secured hereby do not cease to exist.
It is acknowledged and agreed that any payments by a French Borrower pursuant to this section shall only be in relation to French Obligations.
The Chargor shall pay to the French Administrative Agent all costs and expenses in accordance with Clause [•] of the Guaranty (French Obligations), together with interest from the date it is incurred or becomes payable up to the date of receipt by the French Administrative Agent (both before and after judgment), accruing on a daily basis under the terms of Section 2.12(d) (Interest) of the Credit Agreement.
The English Chargor shall pay to the French Administrative Agent all costs and expenses in accordance with Clause [•] of the Guaranty (French Obligations), together with interest from the date it is incurred or becomes payable up to the date of receipt by the French Administrative Agent (both before and after judgment), accruing on a daily basis under the terms of Section 2.12(d) (Interest) of the Credit Agreement.

More Definitions of French Obligations

French Obligations means all unpaid principal of and accrued and unpaid interest on the French Loans, all LC Exposure of the French Lenders, all accrued and unpaid fees and all expenses, reimbursements, indemnities and other obligations and indebtedness of the French Borrower (including interest and fees accruing during the pendency of any bankruptcy, insolvency, receivership or other similar proceeding, regardless of whether allowed or allowable in such proceeding), obligations and liabilities of the French Borrower to any of the French Lenders, the Administrative Agent, the Collateral Agent, any Letter of Credit Issuer or any indemnified party, individually or collectively, existing on the Closing Date or arising thereafter, direct or indirect, joint or several, absolute or contingent, matured or unmatured, liquidated or unliquidated, secured or unsecured, arising by contract, operation of law or otherwise, arising or incurred under this Agreement or any of the other Credit Documents or in respect of any of the French Loans made or reimbursement or other obligations incurred or any of the Letters of Credit issued for the benefit of the French Borrower or other instruments at any time evidencing any thereof.

French Obligations means, with respect to each French Borrower, the unpaid principal of and interest on (including interest accruing after the maturity of the Loans made to any French Borrower and interest accruing after the filing of any petition in bankruptcy, or the commencement of any insolvency, reorganizations or like proceeding, relating to any French Borrower, whether or not a claim for post-filing or post-petition interest is allowed in such proceeding) the Loans made to and all other Obligations of any French Borrower to Administrative Agent, any Collateral Agent or to any Lender, whether direct or indirect, absolute or contingent, due or to become due, or now existing or hereafter incurred, which may arise under, out of, or in connection with, this Agreement or any other Loan Document, whether on account of principal, interest, fees, indemnities, costs or expenses (including, without limitation, all fees, charges and disbursements of counsel that are to be paid by any French Borrower to Administrative Agent, any Collateral Agent or to any Lender pursuant to any Loan Document).

French Obligations shall in any event include Designated Bank Products Obligations of any French Borrower; provided, further, that “French Obligations” shall not include any Canadian Obligations, ROW Obligations, U.S. Obligations or ANZ Obligations. “French Swingline Bank” means Bank of America Europe Designated Activity Company, a financial institution authorized to make loans in France (a) under European Union passport rules or (b) directly by the ACPR. “French Swingline Commitment” means the commitment of the French Swingline Lender to make loans pursuant to Section 2.3(d). “French Swingline Lender” means the French Swingline Bank or a branch or Affiliate of the French Swingline Bank or any successor financial institution agreed to by the Borrowers’ Agent and the Agent, in its capacity as provider of French Swingline Loans; provided that (a) it is a French licensed credit institution (établissement de credit) or a financial institution authorized to make loans in France (i) under European Union passport rules or (ii) directly by the ACPR and (b) it has opened an account or accounts, each of which is located outside France, for the purpose of making or receipt of any advance, Loan or payment under the French Credit Facility to, from or for the benefit of any French Borrower. “French Swingline Loan” and “French Swingline Loans” have the meanings specified in Section 2.3(d). “French Swingline Loan Minimum” means (a) in the case of a French Swingline Loan denominated in Dollars, $100,000, (b) in the case of a French Swingline Loan denominated in Euro, €100,000 and (c) in the case of a French Swingline Loan denominated in Sterling, £100,000. “French Swingline Loan Multiple” means (a) in the case of a French Swingline Loan denominated in Dollars, $50,000, (b) in the case of a French Swingline Loan denominated in Euro, €50,000 and (c) in the case of a French Swingline Loan denominated in Sterling, £50,000. “French Swingline Sublimit” has the meaning specified in Section 2.3(d). 36 [[5848018]][[DMS:6312716v7:05/07/2024--04:04 PM]] 4861-2153-1574 v.2

French Obligations means on any date, the portion of the Obligations outstanding that are owed by a French Subsidiary Borrower to the relevant Lender, provided that such Lender or branch or Affiliate of any such Lender is a French licensed credit institution ( établissement de credit ) or a financial institution authorized to make loans in France (x) under European Union passport rules or (y) directly by the ACPR, as Revolving A Borrower under the Revolving A Credit Facility.

French Obligations means, with respect to any French Borrower, all Non-US Obligations of such French Borrower.