English Loan definition

English Loan means a Loan secured by an English Mortgage;
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English Loan means a loan secured by an English mortgage; Euro, euro or € means the currency of the member states of the European Union that adopt the single currency pursuant to the Treaty of Rome of 25 March 1957 establishing the European Community, as amended from time to time;
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English Loan are Loans secured over Properties located in England or Wales;
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Examples of English Loan in a sentence

  • Each English Loan Party’s and Irish Loan Party’s payment obligations under the Loan Documents to which it is a party rank at least pari passu with the claims of all its other unsecured and unsubordinated creditors, except for obligations mandatorily preferred by law applying to companies generally.

  • Each English Loan Party’s centre of main interest (as that term is used in Article 3(1) of the European Insolvency Regulation) is situated in its Original Jurisdiction and it has no “establishment” (as that term is used in Article 2 no.

  • The English Loan Party shall ensure that it does not (a) change the location of its centre of main interest (as that term is used in Article 3(1) of the EU Regulation) for the purposes of the Regulation.

  • For the purposes of Regulation (EU) 2015/848 of 20 May 2015 on insolvency proceedings (recast) (the “EU Regulation”), the English Loan Party’s centre of main interest (as that term is used in Article 3(1) of the EU Regulation) is situated in England and Wales and it has no “establishment” (as that term is used in Article 2(10) of the EU Regulation) in any other jurisdiction.

  • Upon written request of any Lender, the Company's obligations to pay such Lender's Percentage Interest in the English Loan shall be further evidenced by a separate note of the English Borrower in substantially the form of Exhibit 2.2.3 (the "English Notes"), payable to such Lender in accordance with such Lender's Percentage Interest in the English Loan.

  • In addition, the sum of the Revolving Loan plus the English Loan plus the Letter of Credit Exposure shall in no event exceed the Maximum Amount of Revolving Credit.

  • In no event will the principal amount of loans at any one time outstanding made by any Lender pursuant to this Section 2.1, together with such Lender's Percentage Interest in the English Loan and in the Letter of Credit Exposure, exceed such Lender's Commitment with respect to the Revolving Loan.

  • This Agreement shall be binding upon each English Loan Party and its successors and assigns and shall inure to the benefit of the Administrative Agent and the Lenders and their respective successors and permitted assigns; all references herein to the English Loan Party shall be deemed to include their respective successors and permitted assigns.

  • The sum of Letter of Credit Exposure plus the Revolving Loan plus the English Loan shall in no event exceed the Maximum Amount of Revolving Credit.

  • With respect to each English Loan Party whose shares are subject to Collateral, each such English Loan Party shall: (i) within the relevant timeframe, comply with any notice it receives pursuant to Part 21A of the Companies Xxx 0000 from any company incorporated in the United Kingdom whose shares are the subject of the Collateral and (ii) promptly provide the Administrative Agent with a copy of that notice.


More Definitions of English Loan

English Loan means any Eligible Loan governed by English law and secured (inter alia) by Mortgaged Property located in England, Wales, Northern Ireland or Scotland.
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English Loan is defined in Section 2.2.3.
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Related to English Loan

  • Local Currency Advance means any Advance, denominated in Pounds Sterling, Euro, or any other Agreed Currency which CIF requests the Local Currency Banks to include as a Local Currency and which is reasonably acceptable to the Local Currency Banks, made to CIF pursuant to Sections 2.03A and 2.03B of the Credit Agreement and this Addendum. A Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Utilisation Request means a notice substantially in the form set out in Schedule 3 (Utilisation Request).

  • Fixed Rate Loan means a Competitive Loan bearing interest at a Fixed Rate.

  • BA Equivalent Loan any Loan in Canadian Dollars bearing interest at a rate determined by reference to the BA Rate in accordance with the provisions of Section 2.

  • Offshore Currency Loan means any Offshore Rate Loan denominated in an Offshore Currency.

  • Alternative Currency Loan means an Alternative Currency Daily Rate Loan or an Alternative Currency Term Rate Loan, as applicable.

  • Prime Rate Advance means an Advance that bears interest based at the Prime Rate.

  • CDOR Rate Loan means a Loan denominated in Canadian Dollars the rate of interest applicable to which is based on the CDOR Rate.

  • Prime Rate Loan means any Loan bearing interest at a rate determined by reference to the Prime Rate.

  • Loan Request means a letter in substantially the form of Exhibit A hereto executed and delivered by the Borrower to the Administrative Agent and the Group Agents pursuant to Section 2.02(a).

  • Japan Local Currency Advance means any Advance, denominated in Japanese Yen, made to CFKK pursuant to Sections 2.03C and 2.03D of the Credit Agreement and this Addendum. A Japan Local Currency Advance shall bear interest at the rate specified in Schedule II.

  • Drawdown Request means a notice substantially in the form set out in Schedule 3 (Drawdown Request).

  • Euro-Dollar Loan means a Committed Loan that bears interest at a Euro-Dollar Rate pursuant to the applicable Notice of Committed Borrowing or Notice of Interest Rate Election.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Fixed Rate Advance means an Advance which bears interest at a Fixed Rate.

  • Floating Rate Loan means a Loan which bears interest at the Floating Rate.

  • Multicurrency Loan means a Loan denominated in Dollars or an Agreed Foreign Currency.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Foreign Currency Loan means any Loan denominated in a Foreign Currency.

  • Floating Rate Advance means an Advance which bears interest at the Floating Rate.

  • B/A Equivalent Loan has the meaning assigned to such term in Section 2.06(j).

  • Prime Rate Loans means any Loans or portion thereof on which interest is payable based on the Prime Rate in accordance with the terms thereof.

  • Domestic Rate Loan means any Advance that bears interest based upon the Alternate Base Rate.

  • Eurodollar Loan means a Loan bearing interest based at a rate determined by reference to the Eurodollar Rate.

  • Base Rate Advance means an Advance that bears interest as provided in Section 2.07(a)(i).

  • Dual Currency Note means a Dual Currency Interest Note and/or a Dual Currency Redemption Note, as applicable;