Examples of Initial Euro Term Loan in a sentence
Each Borrowing of Initial Euro Term Loans under this Agreement shall be made by the Lenders pro rata on the basis of their then-applicable Initial Euro Term Loan Commitments with respect to the applicable Class.
Subject to the terms and conditions set forth herein, each Lender having an Initial Euro Term Loan Commitment severally and not jointly agrees to make a loan or loans denominated in Euros (each, an “Initial Euro Term Loan”) to Borrower on the Closing Date, which Initial Euro Term Loans shall not exceed for any such Lender the Initial Euro Term Loan Commitment of such Lender and in the aggregate shall not exceed €230,000,000.
The Additional Lender, the Borrowers and the Administrative Agent acknowledge and agree that the [Additional Initial Term B-3 Commitment] [and] [the Additional Initial 2017 Euro Term Commitment] provided pursuant to this Agreement shall constitute an [Initial Euro Term Loan] [and] [an Initial Term B Loan] for all purposes of the Credit Agreement and the other applicable Loan Documents.
The Initial Euro Term Loan Commitments shall automatically terminate upon the making of the Initial Euro Term Loans on the First Restatement Effective Date.
On the Closing Date (after giving effect to the funding of the Initial Euro Term Loans to be made on such date), the Initial Euro Term Loan Commitments of each Term Lender with an Initial Euro Term Loan Commitment as of the Closing Date will automatically and permanently terminate.
Post-Closing Settlement Option ☐ to have 100% of the outstanding principal amount of the Initial Euro Term Loans held by such Initial Euro Term Loan Lender prepaid on the Amendment No. 2 Effective Date and purchase by assignment the principal amount of Tranche B-1 Euro Term Loans committed to separately by the undersigned (or such lesser amount allocated to such Lender by the Amendment No. 2 Arrangers (as defined in the Amendment)).