Multicurrency Facility Loan definition

Multicurrency Facility Loan means a loan made by a Lender to Company pursuant to Section 2.2(c); provided, such term shall include a Multicurrency Swing Line Loan, unless the context otherwise requires.
View Source
Multicurrency Facility Loan. (i) a Revolver Loan made by Multicurrency Facility Lenders to a Borrower pursuant to Section 2.1.1(a), which Revolver Loan shall, (a) if denominated in Canadian Dollars, be borrowed by a Canadian Borrower and be either a Canadian Prime Rate Loan, a Daily Simple ▇▇▇▇▇ Rate Loan (prior to the Term ▇▇▇▇▇ Activation Date) or a Term ▇▇▇▇▇ Rate Loan (from and after the Term ▇▇▇▇▇ Activation Date), (b) if denominated in Dollars and (x) borrowed by a Canadian Borrower, be either a Canadian Base Rate Loan or Term SOFR Loan, (y) borrowed by a UK Borrower, be either a UK Base Rate Loan or Term SOFR Loan or (z) borrowed by a US Borrower, be either a US Base Rate Loan or Term SOFR Loan or (c) if denominated in Euros or Pounds Sterling, be borrowed by a UK Borrower and be an Alternative Currency Loan, in each case as selected by the Administrative Borrower, (ii) each Canadian Swingline Loan, (iii) each UK Swingline Loan, (iv) each Multicurrency Overadvance Loan, and (v) each Multicurrency Protective Advance. It is understood and agreed that, on and after the Fourth Amendment Effective Date, the Multicurrency Facility Loans shall consist of the New Multicurrency Facility Loans (as defined in the Fourth Amendment) provided for in the Fourth Amendment.
View Source
Multicurrency Facility Loan. (i) a Revolver Loan made by Multicurrency Facility Lenders to a Borrower pursuant to Section 2.1.1(a), which Revolver Loan shall, (a) if denominated in Canadian Dollars, be borrowed by a Canadian Borrower and be either a Canadian Prime Rate Loan or Canadian BA Rate Loan, (b) if denominated in Dollars and (x) borrowed by a Canadian Borrower, be either a Canadian Base Rate Loan or LIBOR Loan, (y) borrowed by a UK Borrower, be either a UK Base Rate Loan or LIBOR Loan or (z) borrowed by a US Borrower, be either a US Base Rate Loan or LIBOR Loan or (c) if denominated in Euros or Pounds Sterling, be borrowed by a UK Borrower and be a LIBOR Loan, in each case as selected by the Administrative Borrower, (ii) each Canadian Swingline Loan, (iii) each UK Swingline Loan, (iv) each Multicurrency Overadvance Loan, and (v) each Multicurrency Protective Advance.
View Source

Examples of Multicurrency Facility Loan in a sentence

  • The UK Swingline Loans shall be UK Base Rate Loans denominated in Pounds Sterling, Euros or Dollars and shall bear interest as set forth in Section 3.1. Each UK Swingline Loan shall constitute a Revolver Loan and a Multicurrency Facility Loan for all purposes (subject, in the case of unused line fees, to Section 3.2.1(a)), except that payments thereon shall be made to the UK Swingline Lender for its own account.

  • The Canadian Swingline Loans shall be Canadian Prime Rate Loans if denominated in Canadian Dollars and Canadian Base Rate Loans if denominated in Dollars and shall bear interest as set forth in Section 3.1. Each Canadian Swingline Loan shall constitute a Revolver Loan and a Multicurrency Facility Loan for all purposes (subject, in the case of unused line fees, to Section 3.2.1(a)), except that payments thereon shall be made to the Canadian Swingline Lender for its own account.

  • Each Multicurrency Facility Loan shall be funded, at the option of the Administrative Borrower, in Canadian Dollars, Dollars, Euros or Pounds Sterling, and repaid in the same currency as the underlying Multicurrency Facility Loan was made.

  • If on any day a Loan is outstanding with respect to which notice has not been delivered to Global Agent in accordance with the terms hereof specifying the applicable basis for determining the rate of interest, then for that day (A) if such a Loan was a Eurodollar Rate Loan, such Loan shall become a Base Rate Loan, and (B) if such Loan was a Multicurrency Facility Loan, such Loan shall become a Multicurrency Facility Loan with an Interest Period of one month.

  • Nothing in this Section 2.3(b)(iii) shall be deemed to relieve any applicable Lender from its obligation to make Multicurrency Facility Loans on the terms and conditions set forth herein, and Company shall retain any and all rights it may have against any such Lender resulting from the failure of such Lender to make such Multicurrency Facility Loan under this Section 2.3(b)(iii).

  • Section 4.2.1 and (y) no Multicurrency Facility Lender shall be required to fund such a Multicurrency Facility Loan to the extent such Multicurrency Facility Loan would cause its Pro Rata share of the Total Multicurrency Facility Exposure to exceed its Multicurrency Facility Commitment (or if its Multicurrency Facility Commitment has been terminated, its Multicurrency Facility Commitment as in effect immediately prior to such termination).


More Definitions of Multicurrency Facility Loan

Multicurrency Facility Loan. (i) a Revolver Loan made by Multicurrency Facility Lenders to a Borrower pursuant to Section 2.1.1(a), which Revolver Loan shall, (a) if denominated in Canadian Dollars, be borrowed by a Canadian Borrower and be either a Canadian Prime Rate Loan or a Term ▇▇▇▇▇ Rate Loan or (b) if denominated in Dollars and (x) borrowed by a Canadian Borrower, be either a Canadian Base Rate Loan or Term SOFR Loan or (y) borrowed by a US Borrower, be either a US Base Rate Loan or Term SOFR Loan, in each case as selected by the Administrative Borrower, (ii) each Canadian Swingline Loan, (iii) each Multicurrency Overadvance Loan, and (iv) each Multicurrency Protective Advance. It is understood and agreed that, on and after the Seventh Amendment Effective Date, the Multicurrency Facility Loans shall consist of the New Multicurrency Facility Loans (as defined in the Seventh Amendment) provided for in the Seventh Amendment.
View Source
Multicurrency Facility Loan. (i) a Revolver Loan made by Multicurrency Facility Lenders to a Borrower pursuant to Section 2.1.1(a), which Revolver Loan shall, (a) if denominated in Canadian Dollars, be borrowed by a Canadian Borrower and be either a Canadian Prime Rate Loan, a Daily Simple ▇▇▇▇▇ Rate Loan (prior to the Term ▇▇▇▇▇ Activation Date) or a Term ▇▇▇▇▇ Rate Loan (from and after the Term ▇▇▇▇▇ Activation Date), (b) if denominated in Dollars and (x) borrowed by a Canadian Borrower, be either a Canadian Base Rate Loan or Term SOFR Loan, (y) borrowed by a UK Borrower, be either a UK Base Rate Loan or Term SOFR Loan or (z) borrowed by a US Borrower, be either a US Base Rate Loan or Term SOFR Loan or (c) if denominated in Euros or Pounds Sterling, be borrowed by a UK Borrower and be an Alternative Currency Loan, in each case as selected by the Administrative Borrower, (ii) each Canadian Swingline Loan, (iii) each UK Swingline Loan, (iv) each Multicurrency Overadvance Loan, and (v) each Multicurrency Protective Advance. It is understood and agreed that, on and after the Fourth Amendment Effective Date, the Multicurrency Facility Loans shall consist of the New Multicurrency Facility Loans (as defined in the Fourth Amendment) provided for in the Fourth Amendment and shall include, on and after the Sixth Amendment Effective Date, the loans made under the 2024 Multicurrency Facility Incremental Commitments (as defined in the Sixth Amendment).
View Source