Examples of UK Revolving Loan in a sentence
If no election as to the Type of UK Revolving Loan Borrowing is specified, then the requested Revolving Loan shall be a UK Base Rate Loan.
At any time that there is sufficient UK Availability and the conditions precedent set forth in Section 4.02 have been satisfied, Chase Bank London may request the UK Revolving Lenders to make a UK Revolving Loan to repay a UK Protective Advance.
If a Letter of Credit Disbursement is deemed to be a US Revolving Loan or UK Revolving Loan hereunder, US Borrowers’ or UK Borrowers’ obligation to pay the amount of such Letter of Credit Disbursement to the applicable Issuing Bank shall be automatically converted into an obligation to pay the resulting Revolving Loan.
Subject to the conditions in this Agreement, any such U.K. Revolving Loan repaid prior to the Termination Date may be reborrowed pursuant to the terms of this Agreement; provided, that any and all such U.K. Revolving Loans shall be due and payable in full on the Termination Date.
The UK Borrower shall have the right, at its election, to repay the outstanding amount of the UK Revolving Loans, as a whole or in part, at any time without penalty or premium, provided that any full or partial prepayment of the outstanding amount of any UK Revolving Loan pursuant to this §4.3.8 made on a day other than the last day of the Interest Period relating thereto shall be subject to compliance with §6.