Euro Term Facility definition
Examples of Euro Term Facility in a sentence
Each Borrowing of Euro Term Loans shall consist of Euro Term Loans made simultaneously by the Euro Term Lenders in accordance with their respective Applicable Percentages with respect to the Euro Term Facility.
After giving effect to all Euro Term Borrowings and all continuations of Euro Term Loans, there shall be no more than five Interest Periods in effect at any time in respect of the Euro Term Facility.
Subject to the terms and conditions set forth herein, each Euro Term Lender severally agrees to make a single loan in Euros (in the Alternative Currency Equivalent of the initial principal amount of the Euro Term Facility) to the Dutch Borrower (as directed by the Company) on the Closing Date in an amount not to exceed such Euro Term Lender’s Euro Term Commitment.
The Euro Term Loan Borrowing shall consist of Euro Term Loans made simultaneously by the Euro Term Lenders in accordance with their respective Applicable Percentage of the Euro Term Facility.
Notwithstanding anything to the contrary contained in this Commitment Letter, each party hereto hereby agrees that HSBC shall have the right to assign its commitment in respect of the First Lien Euro Term Facility to any non-U.S. affiliate of HSBC prior to the Closing Date.
Exchange Rate: The foreign currency exchange rates used in connection with calculating any amounts to be funded on the Closing Date pursuant to the First Lien Euro Term Facility shall be the applicable First Lien Administrative Agent's spot rate of exchange as of 11 a.m. (London time) on the earlier of (x) the date of final allocation of the First Lien Euro Term Facility (such date determined in consultation with you) (the "Final Allocation Date") and (y) the Closing Date.
The Kendril Commitment Parties will not Sell Down (as defined below) their commitments and/or loans in connection with the First Lien USD Term Facility and the Second Lien Facility until the earlier of (a) the completion and/or termination of the general syndication of the First Lien Euro Term Facility by the First Lien Euro Arrangers and (b) 60 days following the Closing Date.
Subject to the terms and conditions set forth herein, each Euro Term Lender hereby severally agrees to make a single loan (each such loan, a “Euro Term Loan”) to the Company in Euros on the Effective Date in an amount not to exceed such Euro Term Lender’s Applicable Percentage of the Euro Term Facility.
Each such prepayment shall be applied first to the next four installments in order of maturity of the Tranche A U.S. Term Facility, the Tranche A Euro Term Facility and the Tranche B Term Facility and to such 60 55 installments on a pro rata basis, subject to Section 2.06(c), and second to the Revolving Credit Facility as set forth in clause (v) hereof.
The Converting Lenders, the New Incremental Tranche C Lender, the Euro Term Facility Lender and the Required Lenders party hereto each hereby consent to and expressly authorize the Administrative Agent to enter into any document (including the Mortgage Amendments and other real estate related documents), and to take any actions, in order to give effect to the terms of this Restatement Agreement.