Settlement Loans definition

Settlement Loans as defined in Section 3.1.3(i) of the Agreement.
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Settlement Loans have the meanings specified in Section 2.1(h).
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Settlement Loans has the meaning set out in Clause 6.6.3.
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Examples of Settlement Loans in a sentence

  • Each Applicable Settlement Lender may at its discretion, upon 3 Business Days’ written notice to Borrower Representative, choose to require written notification of Settlement Loans from Borrower Representative, but is not required to do so.

  • For the avoidance of doubt, no German Borrower shall be permitted to request any Loan hereunder other than a Settlement Loan, which such German Settlement Loans (i) shall not be in any currency other than Euros, (ii) shall be made solely by the German Settlement Lender and (iii) shall not exceed, in the aggregate, the German Settlement Sublimit.

  • Administrative Agent, Borrower Representative and each Lender hereby further agree that, notwithstanding anything to the contrary contained in this Agreement, all Settlement Loans shall bear interest at a rate as agreed to between the Applicable Settlement Lender and Borrower Representative, and not as a Base Rate Loan or a ▇▇▇▇▇ Loan until the participation of any Initial Revolver Lender therein is funded in accordance with Section 3.1.3(iii).

  • Within the limits of the US/Canadian Settlement Loan Sublimit, the UK/Euro Settlement Loan Sublimit and the German Settlement Loan Sublimit, Borrowers may borrow under this Section 3.1.3(i), prepay the Settlement Loans and reborrow under this Section 3.1.3(i).

  • As it is understood that the purpose for the Settlement Loans is to fund Borrowers’ operating accounts, the making of the Settlement Loans and the repayments to the Applicable Settlement Lender may be made on a sweep basis requiring no formal notification from Borrower Representative or any Borrower or as may be requested by Borrower Representative.

  • Interest on Loans denominated in Pounds Sterling, interest on Base Rate Loans, interest on Canadian Prime Rate Loans, interest on Term ▇▇▇▇▇ Loans, interest on Settlement Loans and the LC Facility Fee on Letters of Credit denominated in Pounds Sterling or Canadian Dollars shall be calculated daily and shall be computed on the actual number of days elapsed over a year of 365 or 366 days, as applicable.

  • Interest on Loans denominated in Pounds Sterling, interest on Base Rate Loans, interest on Canadian Prime Rate Loans, interest on Daily Simple ▇▇▇▇▇ Loans, interest on Term ▇▇▇▇▇ Loans, interest on Settlement Loans and the LC Facility Fee on Letters of Credit denominated in Pounds Sterling or Canadian Dollars shall be calculated daily and shall be computed on the actual number of days elapsed over a year of 365 or 366 days, as applicable.


More Definitions of Settlement Loans

Settlement Loans has the meaning set out in Clause 6.6.3. “Share Purchase Price” has the meaning set out in Clause 3.1.1. “Shares” has the meaning set out in Recital (B) of this Agreement. “Subsidiary” or “Subsidiaries” has the meaning set out in Clause in Recital (A) of this Agreement. “Target Working Capital” shall be an amount of EUR 22,500,000 (in words: twenty two million five hundred thousand euros) being aggregated available to the Group Companies at Closing. “Target Cash Amount” shall be an amount of EUR 20,000,000 (in words: twenty million euros) being aggregated available to the Group Companies at Closing. “Tax” or “Taxes” means all taxes and tax-related ancillary obligations (steuerliche Nebenleistungen) within the meaning of § 3 German Tax Code (Abgabenordnung) and any equivalent or comparable tax and tax ancillary payments under the laws of any other jurisdiction and social security charges (Sozialversicherungsbeiträge), including any liability for Taxes pursuant to Sec. 73 German Tax Code, if and to the extent such liability (i) relates to Taxes which would have been assessed against ▇▇▇▇▇▇-▇▇▇▇ if no fiscal unity (Organschaft) between ▇▇▇▇▇▇-▇▇▇▇ and SPX U.L.M. had existed and (ii) does /// 62 NOTARIZED VERSION not exceed the amount of such Taxes of the relevant tax year which would have been assessed if no fiscal unity had been in place in that tax year. For the avoidance of doubt, a secondary liability for any other Taxes of any third parties shall not be deemed to be a “Tax” in the meaning of this Agreement. “Tax Audits” has the meaning set out in Clause 14.5.3. “Tax Authority” means any taxing or other authority competent to impose any liability in respect of Tax or responsible for the administration or collection of Tax or enforcement of any law in relation to Tax. “Tax Benefit” has the meaning set out in Clause 14.2.3. “Tax Measures” has the meaning set out in Clause 14.5.3. “Tax Return” means any return, declaration, report, claim for refund, notice, form or information relating to any Tax, Tax declarations (Steueranmeldungen), advance Tax declarations (Steuervoranmeldungen) and Tax returns (Steuererklärungen), including in all cases any schedule or attachment thereto. “Technology Escrow Agent” has the meaning set out in Clause 5.3.1. “Technology Escrow Agreement” has the meaning set out in Clause 5.3.1. “Technology Escrow Report” has the meaning set out in Clause 5.3.1(ii). “Thermax SPX JV” has the meaning set out in Recital (A) of this Agreement. “T...
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Settlement Loans and "Settlement Loan" have the meanings specified ---------------- --------------- in Section 2.2(h).
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