German Loans definition
Examples of German Loans in a sentence
In such event, each Borrower shall prepare, execute and deliver to such Lender a promissory note payable to the order of such Lender (or, if requested by such Lender, to such Lender and its registered assigns) in substantially the form set forth in Exhibit C-1 hereto, in the case of ABT Loans, or Exhibit C-2 hereto, in the case of German Loans.
Promptly following receipt thereof, the German Lender will deliver to each Bank (through the Agent) a certificate setting forth the amount of the German Loans purchased by such Bank, dated the date of receipt of such funds and in such amount.
Once repaid, German Loans borrowed hereunder may not be reborrowed.
The Borrowers have requested that the Banks amend and restate such revolving credit facility in an aggregate principal amount not to exceed $50,000,000, with a sublimit for letters of credit of $35,000,000 and with provisions for the purchase of risk participation in the German Loans and German Collateral Instruments (each as defined herein) in an aggregate amount not to exceed DM20,500,000.
To the extent the German tax authorities require a Borrower under the German Loans to provide, in addition to the Confirmation Letters, further evidence or information, the Security Agent shall consider in good faith to what extent it is reasonably practical for it, or for the Lenders, to support the relevant Borrower in this regard.
Any such request by the Agent or the German Lender shall be made in writing to each Bank and shall specify the amount of Deutschemarks, Euros or Dollars required from such Bank in order to effect the purchase by such Bank of a participating interest in the amount equal to its Commitment Percentage times the aggregate then outstanding principal amount of the German Loans (which participating interest shall thereafter also cover accrued interest thereon and other amounts owing in connection therewith).
The obligation to provide a German Tax Certificate shall continue until the end of the calendar year following the year in which all German Loans are repaid in full and the Total Tranche 2 Revolving Loan Commitment is terminated or, if earlier, the date on which the German Bank transfers by assignment and assumption all of its rights, benefits and obligations with respect to all German Loans under the Credit Documents pursuant to Section 14.04(b).
The Agent shall maintain a copy of each Assignment and Acceptance delivered to it and a register or similar list (the "Register") for the recordation of the names and addresses of the Banks and the Commitment Percentage of, and principal amount of the Loans owing to, Letter of Credit Participations purchased by, and participating interests in German Loans and German Collateral Instruments purchased by, the Banks from time to time.
The Delinquent Bank hereby authorizes the Agent to distribute such payments to the nondelinquent Banks in proportion to their respective pro rata shares of all outstanding Loans, German Loans, Unpaid Reimbursement Obligations and German Unpaid Reimbursement Obligations.
Any such request by the Agent or the German Lender shall be made in writing to each Bank and shall specify the amount of Deutschemarks or Dollars required from such Bank in order to effect the purchase by such Bank of a participating interest in the amount equal to its Commitment Percentage times the aggregate then outstanding principal amount of the German Loans (which participating interest shall thereafter also cover accrued interest thereon and other amounts owing in connection therewith).