European Revolving Loans definition

European Revolving Loans means the Loans extended by the European Revolving Lenders to the European Borrowers pursuant to Section 2.01(c).

European Revolving Loans means Revolving Loans pursuant to a European Revolving Facility.

European Revolving Loans has the meaning assigned to such term in Section 2.01(1) and will include any German Overadvances, German Protective Advances, Spanish Overadvances, Spanish Protective Advances, U.K. Overadvances and U.K. Protective Advances.

Examples of European Revolving Loans in a sentence

• European Revolving Loans made by the Lender shall be evidenced by one or more loan accounts or records maintained by the Lender in the ordinary course of business.

• The Lender may also attach schedules to this European Revolving Note and endorse thereon the date, amount, currency and maturity of its European Revolving Loans and payments with respect thereto.

• During the European Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make European Revolving Loans to the European Borrower in an aggregate amount up to but not exceeding such Lender’s European Revolving Commitment; provided, that after giving effect to the making of any European Revolving Loans in no event shall the Total Utilization of European Revolving Commitments exceed the European Revolving Commitments then in effect.

• Each Lender’s European Revolving Commitments shall expire on the European Revolving Commitment Termination Date and all European Revolving Loans and all other amounts owed hereunder with respect to the European Revolving Loans and the European Revolving Commitments shall be paid in full no later than such date.

• Each European Swingline Loan shall be subject to all the terms and conditions applicable to other European Revolving Loans funded by the Facility B Lenders, except that (i) such European Swingline Loan shall accrue interest at a rate determined by reference to the Overnight LIBO Rate and (ii) all payments thereon shall be payable to the European Swingline Lender solely for its own account.

• Thereafter, the Borrower Representative may elect to convert such Borrowing (other than European Revolving Loans) to a different Type or to continue such Borrowing and, in the case of a CBFR Rate Borrowing or a Eurodollar Borrowing, may elect Interest Periods therefor, all as provided in this Section.

• European Revolving Loans shall consist of Fixed LIBOR Rate Loans, as the applicable Borrowers may request, and may be repaid and reborrowed in accordance with the provisions hereof.

• During the Revolving Commitment Period, subject to the terms and conditions hereof, each Lender severally agrees to make Domestic Revolving Loans to the U.S. Borrower in Dollars and European Revolving Loans to the Euro Borrowers in Euro; provided, that after giving effect to the making of any Revolving Loans in no event shall the Total Utilization of Revolving Commitments exceed the Revolving Commitments then in effect.

• After giving effect to the application of the proceeds of the Second Lien Term Loans, there shall be no Domestic Revolving Loans or European Revolving Loans outstanding.

• All interest on the European Revolving Loans accruing prior to the Put Date shall be applied and distributed in accordance with Section 1.9(f).

More Definitions of European Revolving Loans

European Revolving Loans means the revolving loans in Euros or Sterling made by the European Revolving Lenders to the European Borrower pursuant to Section 2.01(b)(ii). Each European Revolving Loan shall be a Eurocurrency Rate Loan.

European Revolving Loans as defined in subsection 5.1(a).

European Revolving Loans set forth in Section 1.01 of the Credit Agreement is hereby amended and restated in its entirety as follows:

European Revolving Loans means, the European Revolving Tranche A Loans and the European Revolving Tranche B Loans; provided that following the Revolving Tranche A Termination Date, unless the maturity of the Loans shall theretofore have been accelerated, the term “European Revolving Loans” shall mean the European Revolving Tranche B Loans.”.

European Revolving Loans means the European Revolving Tranche B Loans.”.

European Revolving Loans as defined in subsection 7.1(a).