Examples of Australian Revolving Credit Loans in a sentence
The Australian Borrower hereby unconditionally promises to pay to the Australian Administrative Agent for the account of each Australian Lender holding Australian Revolving Credit Loans made to the Australian Borrower, the then unpaid principal amount of each such Revolving Credit Loan of such Australian Lender on the Maturity Date.
The failure or refusal of any Australian Bank to make available to the Australian Agent at the aforesaid time and place on any Drawdown Date the amount of its Australian Commitment Percentage of such requested Australian Revolving Credit Loans shall not relieve any other Australian Bank from its several obligation hereunder to make available to the Australian Agent the amount of such other Bank's Australian Commitment Percentage of such Australian Revolving Credit Loans.
Each request for an Australian Revolving Credit Loan hereunder shall constitute a representation and warranty by the Australian Borrower that the conditions set forth in (S)12 and (S)13 hereof, in the case of the initial Australian Revolving Credit Loans to be made on the Closing Date, and (S)13 hereof, in the case of all other Australian Revolving Credit Loans, have been satisfied on the date of such request.
Except as otherwise expressly provided herein, all payments by the Borrowers hereunder with respect to principal and interest on Australian Revolving Credit Loans shall be made to the Australian Administrative Agent, for the account of the respective Lenders to which such payment is owed, at the Australian Administrative Agent’s Office in Australian Dollars and in Same Day Funds not later than the Applicable Time specified by the Australian Administrative Agent on the dates specified herein.
Australian Revolving Credit Loans bearing ------------------------- interest calculated by reference to the Australian Base Rate.
Notwithstanding anything to the contrary contained herein, if at any time Citibank, N.A., Sydney Branch assigns all of its Australian Revolving Commitment and Australian Revolving Credit Loans pursuant to subsection (b) above, Citibank, N.A., Sydney Branch may, upon 30 days’ notice to the Company and the Lenders, resign as Australian L/C Issuer.
If the amount of such Australian Bank's Australian Commitment Percentage of such Australian Revolving Credit Loans is not made available to the Australian Agent by such Bank within three (3) Australian Business Days following such Drawdown Date, the Australian Agent shall be entitled to recover such amount from the Australian Borrower on demand, with interest thereon at the rate per annum applicable to the Australian Revolving Credit Loans made on such Drawdown Date.
Australian Revolving Credit Loans shall be BBSY Loans, as further provided herein.
Upon receipt from each such Bank of such amount, and upon receipt of the documents required by (S)(S)11, 12 and 13 hereof and the satisfaction of the other conditions set forth therein, to the extent applicable, the Australian Agent will make available to the Australian Borrower the aggregate amount of such Australian Revolving Credit Loans made available to the Australian Agent by the Australian Banks.
Australian Revolving Credit Loans bearing interest --------------- calculated by reference to the BBSW Rate.