UK Term Loans definition

UK Term Loans. See §3.1(c). For the avoidance of doubt, the aggregate amount of the UK Term Loans on the Business Day following the Restatement Effective Date is £101,681,127.99.
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UK Term Loans means the Term Loans made by Lenders to Xxxx UK pursuant to subsection 2.1A(i)(c).
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UK Term Loans as defined in subsection 6.1.
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Examples of UK Term Loans in a sentence

  • If at any time, the Aggregate UK Exposure exceeds UK Maximum Borrowing Availability then in effect, then (a) until the Discharge of Applicable ABL Priority Obligations, the UK Borrower shall immediately prepay first, the ABL UK Revolver Loans and then, the UK Term Loans, and (b) thereafter, the UK Borrower shall immediately prepay the UK Term Loans, in each case in an amount to eliminate such excess.

  • Each prepayment of UK Term Loans under this Section 5.3.4 shall be applied to the principal repayment installments of the UK Term Loan in inverse order of maturity, including, without limitation, the final principal repayment installment on the Maturity Date.

  • The UK Borrower shall repay to the UK Lenders the aggregate principal amount of all UK Term Loans on Maturity Date.

  • U.K. Term Loans must be Eurocurrency Rate Loans, as further provided herein.

  • The UK Term Loans and other UK Obligations constitute one general obligation of UK Borrower and are secured by Agent’s Lien on all UK Collateral; provided, however, that Agent and each UK Lender shall be deemed to be a creditor of, and the holder of a separate claim against, UK Borrower to the extent of any UK Obligations jointly or severally owed by such Borrower.

  • Amounts prepaid on account of the Domestic Term Loans and the UK Term Loans may not be reborrowed.

  • Any prepayment of principal of the UK Term Loans shall include all interest accrued to the date of prepayment and shall be applied as directed by GWI.

  • No amount repaid with respect to the UK Term Loans may be reborrowed.

  • The UK Term Loans shall be used on the Closing Date to refinance outstanding Indebtedness of the UK Borrower.

  • Each UK Lender will make the amount of its pro rata share of the borrowing of UK Term Loans available to the Agent for the account of the UK Borrower at the office of the Agent specified in subsection 18.2 prior to 12:00 Noon, London, England time, on the Closing Date in funds immediately available to the Agent.


More Definitions of UK Term Loans

UK Term Loans means the term loans made by UK Term Lenders to US Borrower pursuant to Section 2.01(a). Each UK Term Loan shall be a Eurodollar Term Loan.
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UK Term Loans as defined in Section 1.3.2 of the Agreement.
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UK Term Loans means the UK Tranche A Term Loans and the UK Tranche B Term Loans.
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Related to UK Term Loans

  • New Term Loans as defined in Section 2.24.

  • Tranche B Term Loans means Loans made or deemed made by the Tranche B Term Lenders pursuant to Section 2.01(b) or pursuant to Section 1 of the First Amendment to 2009 Credit Agreement.

  • Other Term Loans means one or more Classes of Term Loans that result from a Refinancing Amendment.

  • Extended Term Loans has the meaning specified in Section 2.15(a).

  • Initial Term Loans means the term loans made by the Lenders on the Closing Date to the Borrower pursuant to Section 2.01(a).

  • Original Term Loans means the "Term Loans" under, and as defined in, the Original Credit Agreement.

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Replacement Term Loans shall have the meaning provided in Section 13.1.

  • Refinanced Term Loans shall have the meaning provided in Section 13.1.

  • Replaced Term Loans has the meaning assigned to such term in Section 9.02(c).

  • ABR Term Loan means any Term Loan bearing interest at a rate determined by reference to the ABR in accordance with the provisions of Article II.

  • Tranche B Term Loan as defined in Section 2.1.

  • Additional Term Loans means any term loan added pursuant to Section 2.22, 2.23 or 9.02(c)(i).

  • Second Lien Term Loans means the “Term Loans” (or any comparable term) as defined in the Second Lien Credit Agreement.

  • Delayed Draw Term Loans has the meaning as set forth in Section 2.5(a).

  • Eurodollar Term Loan means any Term Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • First Lien Term Loans means the “Term Loans” as defined in the First Lien Credit Agreement.

  • Term Loans means, collectively, the Tranche A Term Loans and the Tranche B Term Loans.

  • Extended Term Loan shall have the meaning assigned to such term in Section 2.21(e).

  • LIBOR Term Loan means any Term Loan bearing interest at a rate determined by reference to the LIBOR Rate.

  • Tranche A Term Loan as defined in Section 2.1.

  • Incremental Term Loans has the meaning specified in Section 2.14(a).

  • Other Term Loan Commitments means one or more Classes of term loan commitments hereunder that result from a Refinancing Amendment.

  • Incremental Term Loan Borrowing Date means, with respect to each Class of Incremental Term Loans, each date on which Incremental Term Loans of such Class are incurred pursuant to Section 2.01(b) and as otherwise specified in any amendment providing for Incremental Term Loans in accordance with Section 2.22.

  • New Term Loan Commitments shall have the meaning provided in Section 2.14(a).