Examples of Term Outstandings in a sentence
After giving effect to the Loans or Letters of Credit requested to be made or Issued on any such date and the use of proceeds thereof, (i) the Revolving Credit Outstandings shall not exceed the Maximum Revolving Credit at such time and (ii) the sum of Revolving Credit Outstandings and the Term Outstandings shall not exceed the Maximum Credit at such time.
The Parent shall procure that, within ten Business Days of the delivering to the Agent of aggregated and consolidated audited Accounts of the Group pursuant to Clause 20.1 (Annual Statement) for any annual Accounting Period, the Term Outstandings shall be prepaid in an aggregate amount equal to 50% (fifty per cent.) of the Excess Cash Flow (minus (pounds sterling)1,000,000) of the Group for such Accounting Period to which such annual consolidated accounts relate.
The Parent shall procure (and each Borrower which has drawn a Term Advance shall repay its share of the Term Outstandings in order to ensure) that the Guilder Amount of the Term Outstandings is repaid in full on or before the Final Maturity Date.
The Parent shall procure that, within ten Business Days of the delivering to the Agent of aggregated and consolidated audited Accounts of the Group pursuant to Clause 17.1 (Annual Statement) for any annual Accounting Period, the Term Outstandings shall be prepaid in an aggregate amount equal to 50% (fifty per cent.) of the Excess Cash Flow (minus (pounds sterling)1,000,000) of the Group for such Accounting Period to which such annual consolidated accounts relate.
Borrower shall maintain Swap Contracts that, in the aggregate, cover not less than fifty percent (50%) of the Term Outstandings during the period commencing sixty (60) days after the date of the Term Borrowing pursuant to Section 2.01(b) and, provided no Default or Event of Default has occurred and is continuing on such date, ending on the second (2nd) anniversary of the date of such Swap Contracts.