Thai Baht definition
Examples of Thai Baht in a sentence
Within the foregoing limits and subject to the terms and conditions set forth herein, the Thai Borrower may borrow, prepay and reborrow Initial Thai Baht Revolving Facility Loans.
Upon an Event of Default Thai Baht Funding, the Event of Default Thai Baht Funding shall automatically be deemed to be a usage of the USD Revolving Facility (including any refinancing, replacement, extensions or modifications thereof) in the amount of such Event of Default Thai Baht Funding and a Loan Obligation of the Borrower and the other Loan Parties with a corresponding decrease in outstanding Loans under the Thai Baht Revolving Facility.
All payments made under the Loan Documents shall be made in Dollars, Euros, Thai Baht or other applicable Alternative Currency.
If no election as to the Type of Borrowing is specified, then the requested Borrowing shall be, in the case of Dollars, a Term SOFR Borrowing, in the case of Euros, a Eurocurrency Borrowing, or, in the case of Thai Baht, a RFR Borrowing.
If the Thai Borrower fails to reimburse any Thai Baht L/C Disbursement when due, then the Administrative Agent shall promptly notify the applicable Issuing Bank and each other applicable Thai Baht Revolving Facility Lender of the applicable Thai Baht L/C Disbursement, the payment then due from the Thai Borrower in respect thereof (the “Thai Unreimbursed Amount”) and, in the case of a Thai Baht Revolving Facility Lender, such Thai Baht Lender’s Revolving Facility Percentage thereof.
The Thai Baht Revolver Commitment Fee due to each Initial Thai Baht Revolving Facility Lender shall commence to accrue on the Closing Date and shall cease to accrue on the date on which the last of the Initial Thai Baht Revolving Facility Commitments of such Lender shall be terminated as provided herein.
All Thai Baht Revolver Commitment Fees shall be computed on the basis of the actual number of days elapsed in a year of 360 days.
From and after the effective date of any such replacement, (i) the successor Issuing Bank shall have all the rights and obligations of the replaced Issuing Bank under this Agreement with respect to USD Letters of Credit and/or Thai Baht Letters of Credit (as applicable) to be issued thereafter and (ii) references herein to the term “Issuing Bank” shall be deemed to refer to such successor or to any previous Issuing Bank, or to such successor and all previous Issuing Banks, as the context shall require.
Notwithstanding anything to the contrary herein, there shall be no Additional Borrower under the Thai Baht Revolving Facility without the prior written consent of the Administrative Agent and the Thai Baht Revolving Lenders.
Each Credit Event that occurs after the Closing Date shall be deemed to constitute a representation and warranty by the Borrower (or the Thai Borrower and the Borrower in the case of a Credit Event in respect of the Thai Baht Revolving Facility) on the date of such Borrowing or issuance as to the matters specified in paragraph (b) of this Section 4.01.