Examples of German Revolving Loan in a sentence
Each German Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each German Revolving Loan of such Revolving Lender made to it and (ii) on the earlier of the Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it.
Each German Revolving Loan shall be made as part of a Borrowing consisting of German Revolving Loans of the same Type made by the German Lenders ratably in accordance with their respective Applicable Percentage.
The German Borrower hereby unconditionally promises to pay (i) on the Maturity Date to the Administrative Agent, for the account of each applicable Revolving Lender, the then unpaid principal amount of each German Revolving Loan of such Revolving Lender and (ii) on the earlier of the Maturity Date and the last day of the Interest Period for such Loan, to the European Swingline Lender, the then unpaid principal amount of each European Swingline Loan made to it.
The German Subsidiary Borrower hereby unconditionally promises to pay to the Administrative Agent for the account of each German Lender the then unpaid principal amount of each German Revolving Loan of such German Lender on the Maturity Date.
The obligation of German Borrower to repay each Lender's German Revolving Loan shall be evidenced by a promissory note payable to the order of such Lender in a maximum principal amount denominated in Deutsche Marks having a Dollar Equivalent Amount equal to its prorata share of $80,000,000.
Newco shall be liable as borrower with respect to the Term Loans and the Initial German Revolving Loan and shall be liable as a guarantor to the extent provided for in the Guaranty and Collateral Agreement.
Initial German Revolving Loan, and the Initial Parent Revolving Loans.
Concurrently with any reduction of the German Revolving Commitment to zero, (i) the German Opcos shall pay all interest on the German Revolving Loans borrowed by them, all non-use fees (relating to the German Revolving Commitment) and all letter of credit fees (relating to the German Letters of Credit) and shall Cash Collateralize in full all obligations arising with respect to the German Letters of Credit and (ii) Newco shall pay all interest on the Initial German Revolving Loan.
The proceeds of the initial Parent Revolving Loans shall be used by the Parent to pay (in full) any portion of the Bridge Loan not paid pursuant to the provisions of the immediately preceding sentence and for any costs and expenses relating to such borrowings or the borrowings of the Initial German Revolving Loan and the Term Loans that have not been previously paid by the Parent.
The German Revolving Commitment(s) of the applicable assigning and assignee Permanent Lender shall be adjusted to give effect to any assignments of a German Revolving Commitment(s) pursuant to Section 15.6.1. German Revolving Commitments or the German Revolving Loan Commitments means, collectively, the aggregate amount, at the applicable time, of all German Revolving Commitments of all Permanent Lenders.