Examples of UK Term Loans in a sentence
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.
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.
U.K. Term Loans must be Eurocurrency Rate Loans, as further provided herein.
The UK Borrower promises to pay interest on the UK Term Loans from the Restatement Effective Date until the Maturity Date for UK Term Loans in accordance with the provisions of this §3.4.
Amounts prepaid on account of the Domestic Term Loans and the UK Term Loans may not be reborrowed.
No amount repaid with respect to the UK Term Loans may 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.
Interest shall be payable on each Interest Payment Date with respect thereto and on the Maturity Date for UK Term Loans.
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.