Sterling. Each Tranche A Bank shall advance its participation in any Tranche A Advance in Sterling through a Facility Office outside the United Kingdom.
Sterling. (i) Sterling shall not be considered a currency for which there is a published LIBOR rate, and (ii) any request for a new Loan denominated in Sterling, or to continue an existing Loan denominated in Sterling, shall be deemed to be a request for a new Loan bearing interest at the Sterling Rate; provided, that, to the extent any Loan denominated in Sterling bearing interest at the Eurocurrency Rate is outstanding on the Amendment No. 8 Effective Date, such Loan shall continue to bear interest at the Eurocurrency Rate until the end of the current Interest Period or payment period applicable to such Loan unless, in the case of a Loan that bears interest at a daily floating rate, such daily floating rate is no longer representative or being made available, in which case such Loan shall bear interest at the Sterling Rate immediately upon the effectiveness of this Agreement.
Sterling. The definition of “Sterling” is added as follows:
Sterling. Exclusivity Period: the period starting at 5pm on 12th January 2015 and ending at 5pm on 27th April 2015. Group: in relation to a company (wherever incorporated), that company, any compa- ny of which it is a Subsidiary (its holding company) and any other Subsidiaries of any such holding company. Unless the context otherwise requires, the application of the definition of Group to any company at any time shall apply to the company as it is at that time. Interest: four per centum (4%) per annum above the base rate from time to time in force of the Bank of England. Party: Either the Agent or the Seller as the case may be and “Parties” shall mean both of them. Price: the consideration paid by the Willing Buyer for the Property including any moveable items, stock and the value of any business and goodwill pertaining thereto; Declaring however that (One) if the Property is transferred to the Willing Buyer or a member of its Group or a Connected Person by way of a sale of shares in the compa- ny which holds title to the Property, then the Price shall be deemed to be the consid- eration paid for those shares and (Two) if the Property is Leased by way of a long Lease for nominal rental value, but in return for a price or grassum, then the Price shall be deemed to be such price or grassum and (Three) if the Property is Leased by way of a long Lease or interposed long lease without a grassum being paid, then the price shall be based on the investment value of such lease by taking the initial annual rent multiplied by 10 and taking 10% of that figure [(initial annual rent X 10) X 10%]; Property: [ description of property inc address ] or The list of Properties are set out in Annexe 1 Purchase: a completed sale of the Property or the shares in the company or compa- xxxx which holds title to the Property where the owner of the Property transfers title to the Willing Buyer or a member of its Group or a Connected Person in return for the Price. Recipient: a person or entity who or which receives information in terms of Clause 5 of this Agreement. Seller’s Obligations: the obligations of the Seller set out in clause 2. Seller’s Solicitors: [NAME OF SOLICITORS] of [ADDRESS] [DX NUMBER] (reference [REF]). Subsidiary: in relation to a company wherever incorporated (a holding company) means a "subsidiary" as defined in section1159 of the Companies Xxx 0000 and any other company which is a subsidiary (as so defined) of a company which is itself a subsidiary of such holding compa...
Sterling. (a) Each Lender may advance its share in any Loan in Sterling through a Facility Office either in, or outside, the U.K.
Sterling. The insurance in respect of claims for personal injury, on the death of any person under a contract of service with the Service Provider and arising out of or in the course of such person's employment shall also comply with the Employer's Liability (Compulsory Insurance)
Sterling. A Loan denominated in Sterling must be a LIBOR Rate Loan. Notwithstanding the provisions of the foregoing Section 2.01(e), the Agent may deny the request by a Borrower with respect to the making of a Loan in Sterling or the conversion of the outstanding principal amount of a Loan into Sterling, or may require that all Loans denominated in Sterling be converted into and denominated in Dollars under the circumstances set forth in Section 2.17(a) or 2.17(b) and in accordance with the terms thereof. Section 2.02.
Sterling. A Loan denominated in Sterling must be a LIBOR Rate Loan. (f)
Sterling. 7.4 In the event a Claim is made, the Investor may by written demand require that the Company repays such amount as the Investor (acting reasonably) consider to be the likely loss the Company may suffer as a consequence of the fact, matter or circumstance giving rise to that Claim to the Investor by way of a repayment of the Loan. The sum so demanded may be the whole balance of the Loan.
Sterling. The term "STERLING" means, individually or collectively as the context may require, STERLING VENTURE PARTNERS, L.P., a Delaware limited partnership, and STERLING SVP EXECUTIVE FUND, L.P., a Delaware limited partnership.
