Sterling Loan definition

Sterling Loan means a Loan that is made in Sterling pursuant to the applicable Notice of Borrowing.
Sterling Loan means a Loan, other than a Revolving Credit Loan, that is a Eurodollar Rate Loan and is made in Sterling pursuant to the applicable Committed Loan Notice.
Sterling Loan means any Loan made under the Sterling Commitments pursuant to subsection 2.1; collectively, the “Sterling Loans”.

Examples of Sterling Loan in a sentence

  • Each Request for Borrowing shall be irrevocable and specify (1) whether the Loan then being requested is to be an ABR, Eurocurrency, Pounds Sterling or a Eurodollar Borrowing, (2) the Borrowing Date (which shall be a Business Day), (3) the aggregate amount thereof, and (4) if a Eurodollar, Eurocurrency or Pounds Sterling Loan is being requested, the Interest Period or Interest Periods with respect thereto.

  • For the avoidance of doubt, each Sterling Loan shall be a Eurocurrency Rate Loan, and each Euro Loan shall be a EURIBOR Rate Loan.

  • We will assume the Park Sterling Loan at the closing of the contribution transactions.

  • If the requesting Sterling Borrower requests a Sterling Borrowing of, conversion to or continuation of Eurocurrency Rate Loans in any such Sterling Loan Notice, but fails to specify an Interest Period, it will be deemed to have specified an Interest Period of one month.

  • No Sterling Loan may be converted into or continued as a Sterling Loan denominated in a different currency, but instead must be repaid in the original currency of such Sterling Loan and reborrowed in the other currency.


More Definitions of Sterling Loan

Sterling Loan means a Loan that is a EURIBOR Loan and is made in Sterling pursuant to the applicable Committed Loan Notice.
Sterling Loan means any Loan denominated in Sterling.
Sterling Loan means a Committed Loan that is made in Sterling pursuant to the applicable Notice of Committed Borrowing.
Sterling Loan means each Newco A Term Loan, each Sterling Revolving Loan and each Sterling Swingline Loan.
Sterling Loan means each Sterling Revolving Loan and each Sterling Swingline Loan.
Sterling Loan has the meaning specified in Section 5.1, and shall include any Sterling Fronting Loans made in connection with a Sterling Borrowing.
Sterling Loan means, at any time, the aggregate amount of the Lenders’ Sterling Commitments at such time.