Examples of German Term Loan in a sentence
The making of the German Term Loans and the issuance of the German L/C hereunder shall conclusively be deemed to constitute an acknowledgment by the Administrative Agent, the German Term Loan Servicing Bank, the German L/C Issuing Bank and the relevant Lenders that each of the conditions precedent set forth in this subsection 11.2 shall have been satisfied in accordance with its respective terms or shall have been irrevocably waived by such Person.
Neither the Administrative Agent nor the German Term Loan Servicing Bank shall be under any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any Credit Document, or to inspect the properties, books or records of any Credit Party.
The Administrative Agent and the German Term Loan Servicing Bank may deem and treat the payee of any Note as the owner thereof for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent or the German Term Loan Servicing Bank, as the case may be.
Upon receipt of any such notice (x) the Administrative Agent (or, in the case of the German Term Loans, the German Term Loan Servicing Bank) shall promptly notify each affected Lender thereof.
Neither the Administrative Agent nor the German Term Loan Servicing Bank shall be responsible for the negligence or misconduct of any agent or attorneys in-fact selected by it with reasonable care.
The Term Loan Facility, the Revolving Credit Facility, the German Term Loan Facility and the German L/C Facility, are collectively referred to herein as the "Bank Credit Facility".
Acterna International GmbH, a Non-Debtor Affiliate, is the borrower under the German Term Loan and the primary obligor under the German L/C.
Such interest shall be payable by each German Borrower according to its German Loan Percentage of the amount of such interest to the German Term Loan Servicing Bank, for the ratable account of the German Term Loan Lenders, in arrears on each L/C Fee Payment Date and on the Termination Date.
In line with seasonal patterns in our business, we anticipate our advertising, sales and marketing expenses to increase in the year-end quarter, yet within the boundaries of our full year Adjusted EBITDA guidance.
Notwithstanding the foregoing, except as provided in clauses (b) and (c) above, the Primary Borrower shall have no obligation under this subsection 17.5 to the Administrative Agent, the German Term Loan Servicing Bank, the Syndication Agent, either Co-Documentation Agent or any Lender with respect to any tax, levy, impost, duty, charge, fee, deduction or withholding imposed, levied, collected, withheld or assessed by any Governmental Authority.