Examples of Sterling Term Loan in a sentence
No payment with respect to the Sterling Term Loan may be reborrowed.
The Borrower may make only one borrowing under the Initial Dollar Term Loan Commitment and only one borrowing under the Initial Pounds Sterling Term Loan Commitment, which, in each case, shall be on the Closing Date.
Each Sterling Term Loan Lender severally agrees, on the terms and conditions hereinafter set forth, to make an advance (the “Sterling Term Loan Advance”) to the Borrower on the Amendment No. 4 Effective Date in an amount denominated in British Pounds Sterling equal to such Lender’s Sterling Term Loan Commitment.
For the purpose of determining the principal amount of Sterling Term Loans which comprise part of the Senior First Lien Loans to be rolled up hereunder, such Sterling Term Loan amounts shall be converted by the Administrative Agent into U.S. Dollar amounts in accordance with the Roll-Up Conversion Rate.
To the extent the Borrower elects to prepay the Sterling Term Loan Advance or the US Term Loan Advance, amounts prepaid under this Section 2.06(a) shall be applied ratably to the remaining principal installments thereof.
The principal balance of the Sterling Term Loan, the rates of interest applicable thereto and the date and amount of each payment made on account of the principal thereof, shall be recorded by Agent on its books pursuant to Section 1.9 of the Credit Agreement.
The final installment due on the Original Term Loan Maturity Date shall be in the amount of the remaining principal balance of the Original Sterling Term Loan.
The Administrative Agent shall have received, for the account of each Sterling Term Loan Lender that has requested a Sterling Term Note in writing three Business Days prior to the Amendment Effective Date, such Sterling Term Loan Lender's Sterling Term Notes duly executed and delivered by an Authorized Officer of the Borrower.
Each payment of principal with respect to the Tranche A Extended Sterling Term Loan shall be paid to Administrative Agent for the ratable benefit of each Tranche A Extended Sterling Term Lender, ratably in proportion to each such Tranche A Extended Sterling Term Lender’s respective pro rata share (based on the aggregate amount of Tranche A Extended Sterling Term Loans outstanding to UK Borrower).
In no event shall the Trust created hereby continue beyond the earlier of (i) the expiration of 21 years from the death of the last survivor of the descendants of Xxxxxx X.