UK Loan definition

UK Loan means any Loan to a UK Borrower.

UK Loan means an extension of credit by a UK Lender to the UK Borrower under Section 2.

UK Loan means the loans made pursuant to that certain Credit Agreement dated as of March 25, 2015 among American Apparel (Carnaby) Limited, as the initial borrower, certain additional borrowers party thereto, American Apparel, as guarantor, Standard General L.P., on behalf of one or more of its controlled funds and the lenders from time to time party thereto.

Examples of UK Loan in a sentence

• Any reference in this Agreement to insolvency where it relates to a UK Loan Party includes the occurrence of a UK Insolvency Event.

• Upon delivery of each such notice, such Loan Party (other than a UK Loan Party) shall be deemed to thereby grant to Agent a security interest and lien in and to such commercial tort claims described therein and all proceeds thereof.

• Each Recipient and UK Loan Party shall, upon becoming aware that a UK Loan Party must make a withholding of UK Tax from a payment to a Recipient, promptly notify the Administrative Agent, and if the Administrative Agent receives such notification from a Recipient, it shall notify the relevant UK Loan Party.

• To the extent Inventory held for sale or lease has been produced by any Loan Party (other than a UK Loan Party), it has been and will be produced by such Loan Party in all material respects in accordance with the Federal Fair Labor Standards Act of 1938, as amended, modified or supplemented, and all rules, regulations and orders thereunder.

• If a Recipient fails to indicate its status in accordance with this Section 2.17(f)(iii) then such Recipient shall be treated for the purposes of this Agreement and by each UK Loan Party as if it is not a Qualifying Recipient until such time as it notifies the Administrative Agent which category applies (and the Administrative Agent, upon receipt of such notification, shall inform each UK Loan Party).

More Definitions of UK Loan

UK Loan means any Loan or other extension of credit (including any Letter of Credit) made to a UK Borrower by a Revolving Lender.

UK Loan means a Revolving Loan denominated in Sterling or Euro pursuant to Section 2.4.

UK Loan a UK Revolving Credit Loan or UK Term Loan, as the context shall require; collectively, the "UK Loans."

UK Loan means, as the context may require, a Committed U.K. Revolving Loan or a U.K. Term Loan.

UK Loan means any Loan or other extension of credit (including any Letter of Credit) made to the UK Borrower by a Lender. UK Note shall mean the Allonge to Revolving Credit Note executed by UK Borrower which limits UK Borrower’s liability under the Revolving Credit Note to an amount not to exceed the UK Sublimit. UK Obligations shall mean all nonmonetary Obligations of Borrowers and all monetary Obligations of UK Borrower, under or in connection with this Agreement, Loans made by the Lenders to the UK Borrower, or with respect to intercompany or other transfers in respect of which the UK Borrower otherwise acts as a borrower, the amount of which monetary Obligations of UK Borrower shall be determined by methods reasonably satisfactory to the Administrative Agent, which shall include without limitation reference to the books and records relating to Loans made by Lenders to UK Borrower and the records of intercompany transfers made to and from UK Borrower. UK Plan shall mean the API Group plc Pension and Life Assurance Fund.

UK Loan means the loan from UK which is made to the Government.

UK Loan shall have the meaning given to it in Clause 1.1.2;