XXXXX Loan definition

XXXXX Loan means the loan from the U.S. Borrower to Xxxxx on the Closing Date in an aggregate principal amount equal to approximately $681,501,000 out of the proceeds of Loans made to the U.S. Borrower on the Closing Date, which loan shall be evidenced by a note in the form of Exhibit I.

XXXXX Loan means a Loan that bears interest at a rate based on Daily Simple XXXXX.

XXXXX Loan means the loan evidenced by the 22 Xxxxx Note.

Examples of XXXXX Loan in a sentence

• On each Drawdown Date, Rollover Date or Conversion Date, as applicable, on which a XXXXX Loan is to be made, the Administrative Agent shall advise the Master Borrower as to the Administrative Agent’s determination of the Adjusted Term XXXXX or the Adjusted Daily Compounded XXXXX, as applicable for the XXXXX Loan to be made.

• The Lenders shall not be required to purchase deposits in the Londonany applicable interbank market or any other offshore market to fund any Term SOFR Loan or EURIBOR Loan or to transact in bankers’ acceptances to make any Canadian BA Rateany Term XXXXX Loan, but the provisions hereof shall be deemed to apply as if each Applicable Lender had purchased such deposits or transacted in such bankers’ acceptances to fund its Term SOFR Loans, EURIBOR Loans or Canadian BA RateTerm XXXXX Loans, as applicable.

• Interest on each XXXXX Loan shall be payable in arrears on every XXXXX Interest Date for the period from and including, as the case may be, the first day of the Contract Period of such XXXXX Loan or the immediately preceding XXXXX Interest Date to, but excluding, the first-mentioned XXXXX Interest Date, as applicable, and shall be calculated on a daily basis on the principal amount of such XXXXX Loan on the basis of the actual number of days elapsed in a year of 365 or 366 days, as the case may be.

• During any Event of Default, Agent may (and shall at the direction of Required Lenders) declare that no Loan may be made, converted or continued as a Canadian BA RateTerm XXXXX Loan.

• CREDIT AGREEMENT LEGAL_43503785.7 Section 3.7 Mandatory Conversion Subject to Section 11.211.3, if a Default or Event of Default has occurred and is continuing on the last day of a Contract Period, the Master LP Borrowers shall be deemed to have converted each XXXXX Loan that is not repaid on such last day into a Prime Loan, as applicable in an amount equal to the face amount of the XXXXX Loan.

More Definitions of XXXXX Loan

XXXXX Loan means a Loan denominated in Sterling that bears interest at a rate based on Adjusted Daily Simple XXXXX.

XXXXX Loan means an Adjusted Term XXXXX Loan or a Daily Compounded XXXXX Loan.

XXXXX Loan means each portion of a Canadian Revolving Loan that bears interest at a rate determined by reference to the applicable Adjusted Term XXXXX (other than pursuant to clause (b) of the definition of "Canadian Base Rate").

XXXXX Loan means a Loan that bears interest at a rate based on Daily Simple XXXXX. “Spot Rate” for a currency means the rate determined by the Administrative Agent to be the rate quoted by the Person acting in such capacity as the spot rate for the purchase by such Person of such currency with another currency through its principal foreign exchange trading office at approximately 11:00 a.m. on the date two Business Days prior to the date as of which the foreign exchange computation is made; provided that the Administrative Agent may obtain such spot rate from another financial institution designated by the Administrative Agent if the Person acting in such capacity does not have as of the date of determination a spot buying rate for any such currency.

XXXXX Loan or “ABR Loan”) or by Class and Type (e.g., a “Eurocurrency Revolving Loan”). Borrowings also may be classified and referred to by Class (e.g., a “Revolving Borrowing” or “Term Borrowing”) or by Type (e.g., a “Eurocurrency Borrowing” or “XXXXX Borrowing”) or by Class and Type (e.g., a “Eurocurrency Revolving Borrowing” or “XXXXX Revolving Borrowing”).

XXXXX Loan means a Loan that is denominated in Canadian Dollars and that bears interest based on XXXXX.

XXXXX Loan means a Loan denominated in Sterling which, except as otherwise provided in Section 2.11, bears interest at XXXXX.