Examples of German Loans in a sentence
In such event, each Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) in substantially the form set forth in Exhibit C-1 hereto, in the case of ABT Loans, or Exhibit C-2 hereto, in the case of German Loans.
Promptly following receipt thereof, the German Lender will deliver to each Bank (through the Agent) a certificate setting forth the amount of the German Loans purchased by such Bank, dated the date of receipt of such funds and in such amount.
Once repaid, German Loans borrowed hereunder may not be reborrowed.
Upon enforcement of the Issuer Security, the Issuer Security Trustee will have recourse only to the rights of the Issuer to the Issuer Loans and, with respect to the German Loans, the related Land Charges and Mortgages and the Collateral Security, and all other assets constituting the Issuer Security (and, for the avoidance of doubt, the Issuer Security does not include any security over the Bedrock Swap Payment Obligations Account).
Notwithstanding anything to the contrary contained in this Section 3A.1, the failure of any Bank to purchase its participating interest in any German Loans shall not relieve any other Bank of its obligations hereunder to purchase its participating interest in a timely manner, but no Bank shall be responsible for the failure of any other Bank to purchase the participating interest to be purchased by such other Banks on any date.
To the extent the German tax authorities require a Borrower under the German Loans to provide, in addition to the Confirmation Letters, further evidence or information, the Security Agent shall consider in good faith to what extent it is reasonably practical for it, or for the Lenders, to support the relevant Borrower in this regard.
In such event, each Borrower shall prepare, execute and deliver to such Lender a promissory note payable to such Lender (or, if requested by such Lender, to such Lender and its registered assigns) in substantially the form set forth in Exhibit C-1 hereto, in the case of ABT Loans, or Exhibit C-2 hereto, in the case of German Loans.
Any such request by the Agent or the German Lender shall be made in writing to each Bank and shall specify the amount of Deutschemarks or Dollars required from such Bank in order to effect the purchase by such Bank of a participating interest in the amount equal to its Commitment Percentage times the aggregate then outstanding principal amount of the German Loans (which participating interest shall thereafter also cover accrued interest thereon and other amounts owing in connection therewith).
Notwithstanding anything to the contrary contained in this ss.3A.1, the failure of any Bank to purchase its participating interest in any German Loans shall not relieve any other Bank of its obligations hereunder to purchase its participating interest in a timely manner, but no Bank shall be responsible for the failure of any other Bank to purchase the participating interest to be purchased by such other Banks on any date.
After giving effect to any continuation of a German Loan, there may not be more than nine different Interest Periods for all German Loans.