UK Revolver Loan definition

UK Revolver Loan a loan made by a UK Lender to UK Borrower pursuant to Section 2.1, which loan shall be either a LIBOR Loan (in which case such loan shall be denominated in Sterling, Dollars or Euros) or a UK Base Rate Loan (in which case such loan shall be denominated in Dollars), in each case as selected by the Borrower Agent on behalf of the UK Borrower, and any UK Swingline Loan, UK Overadvance Loan or UK Protective Advance.
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UK Revolver Loan a loan made pursuant to Section 2.1.2, any UK Swingline Loan, any UK Overadvance Loan or UK Protective Advance. UK Revolver Usage: on any date, the Dollar Equivalent of the sum of (a) the aggregate amount of outstanding UK Revolver Loans, plus (b) the UK LC Obligations, except to the extent Cash Collateralized by UK Borrower on any date. UK Secured Parties: Agent, UK Lenders, Issuing Bank and Secured Bank Product Providers of UK Bank Products. UK Security Agreement: each debenture, deed of charge or other similar agreement, instrument or document governed by the laws of England and Wales now or hereafter securing (or given with the intent to secure) any Obligations.
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UK Revolver Loan means a loan made pursuant to Section 2.01(b), including, without duplication, any Swingline Loan (to the extent the context so requires the same), Overadvance Loan in respect of a U.K. Overadvance and Extended Revolver Loan in respect of any of the foregoing.
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Examples of UK Revolver Loan in a sentence

  • All interest, as well as fees and other charges calculated on a per annum basis, shall be computed for the actual days elapsed, based on a year of 360 days; provided that, in the case of a UK Revolver Loan made in Sterling, such calculation shall be made on the basis of a 365 day year (or a 366 day year, in the case of a leap year).

  • Each UK Revolver Loan shall be funded and repaid in an Available Currency for the UK Borrower.

  • U.K. Borrower: as defined in the preamble to this Agreement, provided that Callaway Golf Europe Limited as the U.K. Borrower shall not borrow any U.K. Revolver Loan or request any U.K. Letter of Credit under this Agreement until the U.K. Closing Date.

  • U.K. Base Rate Loan: a U.K. Revolver Loan, or portion thereof, funded in Dollars and bearing interest calculated by reference to U.K. Base Rate.

  • External Examiners for modules that are delivered simultaneously at more than one University campus are invited to comment specifically on the delivery of the module at each campus if they feel that such information will be of benefit to the University and/or programme team.

  • In no event shall UK Lenders have any obligation to honor a request for a UK Revolver Loan if (a) UK Revolver Usage at such time plus the requested UK Revolver Loan would exceed the UK Borrowing Base or (b) the sum of the UK Revolver Usage at such time plus the requested UK Revolver Loan plus the US Revolver Usage at such time would exceed the aggregate Revolver Commitments.

  • Each U.K. Revolver Loan shall be funded in Dollars, British Pounds and/or Euro (in the case of LIBOR Loans) and Dollars only (in the case of U.K. Base Rate Loans) and shall be repaid in the same currency as such underlying U.K. Revolver Loan was made.

  • The U.K. Revolver Loans shall bear interest as set forth in Section 3.1. Each U.K. Revolver Loan shall, at the option of the Borrower Agent, be made or continued as, or converted into, part of one or more Borrowings that, unless specifically provided herein, shall consist entirely of U.K. Base Rate Loans or LIBOR Loans (provided that U.K. Base Rate Loans shall only be denominated in Dollars).

  • Such notice must be received by Agent no later than 11:00 a.m. (i) on the Business Day of the requested funding date, in the case of U.S. Base Rate Loans, Canadian Prime Rate Loans, or Canadian Base Rate Loans, (ii) on the Business Day prior to the requested funding date, in the case of U.K. Base Rate Loans, and (iii) at least three Business Days prior (and at least four Business Days in the case of a U.K. Revolver Loan) to the requested funding date, in the case of LIBOR Loans or Canadian BA Rate Loans.

  • In no event shall UK Lenders have any obligation to honor a request for a UK Revolver Loan if UK Revolver Usage at such time plus the requested UK Revolver Loan would exceed the UK Borrowing Base.


More Definitions of UK Revolver Loan

UK Revolver Loan a Revolver Loan made by Lender to Borrower pursuant to Section 2.1, which Revolver Loan shall be denominated in Sterling or Euros and shall be a UK Base Rate Revolver Loan. UK Sales: all sales of goods or services by Borrower to residents of the UK or with respect to which the sales price is payable by residents of the UK.
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UK Revolver Loan a loan made pursuant to Section 2.1.2, any UK Swingline Loan, any UK Overadvance Loan or UK Protective Advance.
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UK Revolver Loan a loan made pursuant to Section 2.1.2, any UK Swingline Loan, any UK Overadvance Loan or UK Protective Advance. UK Revolver Usage: on any date, the Dollar Equivalent of the sum of (a) the aggregate amount of outstanding UK Revolver Loans plus (b) the UK LC Obligations, except to the extent such UK LC Obligations are Cash Collateralized by an Obligor. UK Secured Parties: Agent, UK Lenders, Issuing Bank in respect of Letters of Credit issued for the benefit of a UK Borrower or any Subsidiary of a UK Borrower that is not otherwise a US Borrower and Secured Bank Product Providers of UK Bank Products. UK Security Agreement: the UK Debenture, the UK Charge over Partnership Interests and each other debenture, deed of charge or other similar agreement, instrument or document governed by the laws of England and Wales now or hereafter securing (or given with the intent to secure) any Obligations.
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UK Revolver Loan a loan made pursuant to Section 2.1, and any UK Swingline Loan, UK Overadvance Loan or UK Protective Advance. UK Revolver Maximum Amount: $0.
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Related to UK Revolver Loan

  • Revolver Loan a loan made pursuant to Section 2.1, and any Swingline Loan, Overadvance Loan or Protective Advance.

  • LIBOR Revolver Loan a Revolver Loan that bears interest based on LIBOR. License: any license or agreement under which an Obligor is authorized to use Intellectual Property in connection with any manufacture, marketing, distribution or disposition of Collateral, any use of Property or any other conduct of its business.

  • Canadian Revolving Loan means Loans made by a Lender in respect of its Canadian Revolving Commitment to the U.S. Borrower pursuant to Section 2.02(c) and/or Section 2.24.

  • Canadian Loan means a Loan made to a Canadian Borrower denominated in Canadian Dollars.

  • U.S. Revolving Loan means a Revolving Loan made to the U.S. Borrower by the U.S. Revolving Lenders.

  • ABR Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Alternate Base Rate in accordance with the provisions of Article II.

  • Canadian Revolving Loans means the Loans extended by the Canadian Revolving Lenders to the Canadian Borrower pursuant to Section 2.01(b).

  • Facility B Loan means a loan made or to be made under Facility B or the principal amount outstanding for the time being of that loan.

  • Revolver means a short firearm having a cylinder of several chambers that are brought successively into line with the barrel to be discharged, designed to be aimed and fired by the use of a single hand.

  • Facility A Loan means a loan made or to be made under Facility A or the principal amount outstanding for the time being of that loan.

  • Revolver Facility means the credit facility as described in and subject to the limitations set forth in Section 2.01.

  • Revolving Loan Facility means the credit facility or portion thereof established by Lender in favor of Borrower for the purpose of providing working capital in the form of loans and/or Letters of Credit to finance the manufacture, production or purchase and subsequent export sale of Items pursuant to Loan Documents under which Credit Accommodations may be made and repaid on a continuous basis based solely on credit availability on the Export-Related Borrowing Base during the term of such credit facility

  • Canadian Loans means, individually and collectively as the context may require, the Canadian Revolving Loans, the Canadian Swingline Loans, the Canadian Overadvances and the Canadian Protective Advances.

  • Extended Revolving Loan shall have the meaning assigned to such term in Section 2.21(e).

  • U.S. Revolving Loans has the meaning set forth in Section 2.1(a).

  • New Revolving Loan has the meaning specified in Section 2.14(a).

  • Tranche B Loan has the meaning specified in Section 2.01(b).

  • Eurocurrency Revolving Loan means any Revolving Facility Loan bearing interest at a rate determined by reference to the Adjusted LIBO Rate in accordance with the provisions of Article II.

  • Tranche A Loan shall have the meaning set forth in Section 2.01(a).

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Extended Revolving Loans has the meaning assigned to such term in Section 2.23(a).

  • Canadian Swingline Loan means any Loan made by the Canadian Swingline Lender pursuant to Section 2.12.

  • Existing Revolving Loans has the meaning specified in Section 2.7(a).

  • Revolver Note means any one of such Revolver Notes.

  • Extended Revolving Credit Loans shall have the meaning provided in Section 2.14(g)(ii).