UK Revolving Loans definition

UK Revolving Loans means the revolving loans made by the Lenders to the U.S. Borrower or the U.K. Borrower pursuant to clause (v) of Section 2.01.

UK Revolving Loans means the revolving loans made by the Lenders to the U.S. Borrower or the U.K. Borrower pursuant to Section 2.01(a)(iv).

UK Revolving Loans means the Loans made by Lenders to United Glass pursuant to subsection 2.1C.

Examples of UK Revolving Loans in a sentence

• Within the limits of the U.K. Revolving Commitment of each U.K. Revolving Lender and the U.K. Revolving Available Credit, amounts of U.K. Revolving Loans repaid may be reborrowed by the U.K. Borrower or the U.S. Borrower under this Section 2.01(a)(ii).

• All interest and fees chargeable under the Loan Documents shall be computed on the basis of a 360-day year (other than computations made in respect of the Base Rate which will be made on the basis of a 365-day or 366-day year, as the case may be), in each case, for the actual number of days elapsed in the period during which the interest or fees accrue, other than for UK Revolving Loans denominated in GBP, which shall be calculated on the basis of a 365 day year for the actual days elapsed.

• Borrowers may prepay the principal of any Revolving Loan at any time in whole or in part, without premium or penalty but subject to any Funding Losses pursuant to Section 2.12(b)(ii) and Agent shall apply such prepayments to the US Revolving Loans, the UK Revolving Loans, or all of them, as directed by the applicable Borrowers in writing at the time of payment so long as no Application Event has occurred or is continuing.

• UK Borrowers agrees to establish and maintain the UK Designated Account with the UK Designated Account Bank for the purpose of receiving the proceeds of the UK Revolving Loans requested by UK Borrowers and made by Agent or the Lenders hereunder.

• It is agreed that each applicable Lender’s funded portion of (x) the US Revolving Loans is intended by the Lenders to equal, at all times, such Lender’s Pro Rata Share of the outstanding US Revolving Loans, and (y) the UK Revolving Loans is intended by the Lenders to equal, at all times, such Lender’s Pro Rata Share of the outstanding UK Revolving Loans.

More Definitions of UK Revolving Loans

UK Revolving Loans has the meaning specified therefor in Section 2.1(c).

UK Revolving Loans. The revolving credit loans made or to be made by the UK Lenders to the UK Borrower pursuant to §2.1.

UK Revolving Loans means the Loans made by the Lenders to Xxxx UK pursuant to subsection 2.1A(ii)(a).

UK Revolving Loans has the meaning specified in Section 1.2 of the UK Credit Agreement and includes each Agent Advance and Non-Ratable Loan made to the UK Borrower.

UK Revolving Loans means Revolving Loans made to the U.K. Borrowers or any Designated Borrower under the U.K. Facility.

UK Revolving Loans has the meaning specified therefor in Section 2.1(b) of the Agreement.

UK Revolving Loans means any Revolving Loans made to the UK Borrowers ------------------ subject to the limitations set forth in (S)2.2(a)(ii) hereof.