Examples of German Loan Agreement in a sentence
Each such payment made by a Bank shall be treated as the purchase by such Bank of a participating interest in the German Borrowers' German Reimbursement Obligations under the German Loan Agreement in an amount equal to such payment.
The German Borrowers and the German Lender have agreed to amend the German Loan Agreement.
Each Bank shall share in accordance with any such participating interest in any interest and fees which accrue thereon pursuant to the provisions of the German Loan Agreement.
Pursuant to Section 15 of the Loan Agreement, such amendment under the German Loan Agreement and other German Loan Documents requires the written consent of the Majority Banks.
If the German Borrowers fail to reimburse the German Lender as provided in the German Loan Agreement on or before the date that any draft is paid or other payment is made by the German Lender in respect of any German Collateral Instrument, the German Lender may at any time thereafter notify the Banks of the amount of any such German Unpaid Reimbursement Obligations and shall specify the amount required from each of the Banks.
Accordingly, each of the undersigned Banks hereby consents to the Second Amendment to the German Loan Agreement in substantially the form attached hereto as Exhibit A.
Each Bank severally agrees that it shall be absolutely liable, to the extent of such Bank's Commitment Percentage (for this purpose, without regard to whether such Bank's Commitment shall then be terminated), to reimburse the German Lender on demand for the amount of each draft or other amounts whatsoever paid by the German Lender under each German Collateral Instrument to the extent that such amount is not reimbursed by the German Borrowers pursuant to the provisions of the German Loan Agreement.
The execution and delivery of this Agreement shall not constitute a novation, waiver, release or modification of any rights, claims or remedies of Lender under the U.S. Loan Agreement, the Canadian Loan Agreement or the German Loan Agreement or otherwise, based on any facts or events occurring or existing prior to the execution and delivery of this Agreement.
In addition, the Loan Parties shall not permit their Subsidiaries to enter into or otherwise be bound by any agreement prohibiting or restricting the payment of dividends to a Loan Party, except as otherwise permitted under or limited by the Senior Secured Notes Indenture, the Senior Unsecured Notes Indenture or the German Loan Agreement as of the date hereof.
This Agreement constitutes an amendment and restatement of the U.S. Loan Agreement, the Canadian Loan Agreement and the German Loan Agreement.