Examples of Multicurrency Facility Revolving Loan in a sentence
Each Bank Guaranty shall constitute a utilization of the Multicurrency Facility Revolving Loan Commitments and shall, subject to the provisions of Section 1.14 if a Sharing Event occurs, be participated in (as more fully described in following Section 2B.04(a)) by the Multicurrency Facility RL Lenders in accordance with their respective Multicurrency Facility RL Percentages.
Based on Valuation's review of the Projections, the Borrower and its Subsidiaries, on a consolidated basis, may not generate sufficient free cash flow to repay the Multicurrency Facility Revolving Loans in full by the Multicurrency Facility Revolving Loan Maturity Date.
If any Borrower fails to specify a Type of Multicurrency Facility Revolving Loan in a Borrowing or Conversion Notice or if any Borrower fails to give a timely notice requesting a conversion or continuation, then the Multicurrency Revolving Loan shall be made as, or converted to, a Canadian U.S. Base Rate Loan (if such Loan is denominated in Dollars), or a Canadian Prime Rate Loan (if such Loan is denominated in Canadian Dollars).
The proceeds of each U.K. Borrowers Multicurrency Facility Revolving Loan shall be made available to the U.K. Borrowers as directed by any one of them (with the proceeds to be used by one or more of the U.K. Borrowers as they may determine), it being understood and agreed that U.K. Borrowers shall be jointly and severally obligated with respect to each U.K. Borrowers' Multicurrency Facility Revolving Loan for the repayment thereof and all amounts owing with respect thereto.
Accrued RL Commitment Commission shall be due and payable, in Dollars, quarterly in arrears on each Quarterly Payment Date and on the Revolving Loan Maturity Date or such earlier date upon which the Total Multicurrency Facility Revolving Loan Commitment is terminated.
Each Letter of Credit shall be deemed to constitute a utilization of the Multicurrency Facility Revolving Loan Commitments and shall, subject to the provisions of Section 1.14 if a Sharing Event occurs, be participated in (as more fully described in following Section 2.04(a)) by the Multicurrency Facility RL Lenders in accordance with their respective Multicurrency Facility RL Percentages.
Each such notice shall be in the form of Exhibit A-2 and shall specify the date and amount of such prepayment, the Type(s) of Loans to be prepaid, and whether a U.S. Dollar Facility Revolving Loan or a Multicurrency Facility Revolving Loan is being prepaid.
Notwithstanding anything to the contrary contained above in this Section 1.01(c)(ii), in no event shall any U.K. Borrower be permitted to incur any U.K. Borrowers Multicurrency Facility Revolving Loan prior to the completion of the actions required to be taken by the U.K. Credit Parties pursuant to Section 13.21(c).