FIFL definition
Examples of FIFL in a sentence
Repayments pursuant to this Section shall first be made against (to the extent available) outstanding Revolving Credit Loans which are Libor Loans having an Interest Period ending on the date of such repayment, then to Base Rate (US) Loans, as directed by the Borrower and FIFL by written (or telephonic, promptly confirmed in writing) notice to the Agent or, in the absence of such direction, by the Agent.
It is further understood that Representative is responsible for paying (and that Aliant has no responsibility to withhold on Representative's behalf) any and all required state and federal taxes, including, but not limited to FIFL (Social Security), unemployment insurance, federal or state Income taxes, disability insurance and worker's compensation insurance.
The Administrative Agent shall have received favorable opinions of United Kingdom counsel to FIFL, FL and any other Foreign Obligor organized under the Laws of the United Kingdom, and of other counsel to other Foreign Obligors addressed to the Administrative Agent and each Lender, as to such matters concerning FIFL, FL, such other Foreign Obligors, and the Loan Documents as the Administrative Agent may reasonably request.
The obligations of the Borrower and FIFL to pay principal and interest in respect of each Revolving Credit Note shall be limited to the unpaid principal amount of the Revolving Credit Loans evidenced thereby and unpaid interest accrued for the periods during which such Loans are outstanding.
The Borrower and FIFL agree to pay interest in respect of the unpaid principal amount of each Loan from time to time outstanding from.