Examples of Sterling Term Loan Commitment in a sentence
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.
Any reduction of the Revolving Commitments and/or Sterling Term Loan Commitments shall be applied to the respective Revolving Commitment of each such Revolving Lender according to its Revolving Commitment Percentage and/or Sterling Term Loan Commitment Percentage thereof.
The Administrative Agent will promptly distribute to each Lender its Dollar Tranche Commitment Percentage, Alternative Currency Tranche Commitment Percentage, U.S. Term Loan Commitment Percentage or Sterling Term Loan Commitment Percentage, as applicable (or other applicable share as provided herein) of such payment in like funds as received by wire transfer to such Lender’s Lending Office.
In a single Borrowing (which shall be on a Business Day) occurring on the Amendment Effective Date, each Lender that has a Sterling Term Loan Commitment (referred to as a "Sterling Term Loan Lender") agrees that it will make loans (relative to such Lender, its "Sterling Term Loans") to the Borrower equal to such Lender's Sterling Term Loan Percentage of the aggregate amount of the Borrowing of Sterling Term Loans requested by the Borrower to be made on such day.
Subject toOn the terms and subject to the conditions hereofcontained in the Fourth Amendment, each Delayed-DrawSterling Term Loan Lender agreesparty thereto agreed to make available to Borrower from time to time beginning one Business Day after the Closing Date until the Delayed-Draw Commitment Termination Date loans (the “Delayed-Draw Term Loans”) in an aggregate amount not to exceed such Lender’s Delayed-Draw, and has made, a Sterling Term Loan Commitment.
Each Sterling Term Note shall represent the obligation of UK Borrower to pay the amount of the applicable Sterling Term Lender’s Sterling Term Loan Commitment, together with interest thereon as prescribed in Section 1.5.
Each Sterling Term Note shall represent the obligation of UK Borrower to pay the amount of the applicable Sterling Term Lender’s applicable Sterling Term Loan Commitment, together with interest thereon as prescribed in Section 1.5.
In addition, the Aggregate Sterling Term Loan Commitment (and, as applicable, the Sterling Term Loan Commitment of each Term Lender) shall be automatically reduced from time to time on the date, and in the amount, of any Borrowing of a Sterling Term Loan.