Examples of Standby Loans in a sentence

Within the foregoing limits and subject to the terms and conditions set forth herein, the Borrowers may borrow, pay or prepay and reborrow Standby Loans.
All Standby Loans and Competitive Loans made pursuant to this Article II shall be denominated in Dollars.
Within the foregoing limits, the Borrowers may borrow, pay or prepay and reborrow Standby Loans hereunder, on and after the Effective Date and prior to the Maturity Date, subject to the terms, conditions and limitations set forth herein.
The Competitive Loans and Standby Loans comprising any Borrowing shall be in (i) an aggregate principal amount which is not less than the Borrowing Minimum and an integral multiple of the Borrowing Multiple or (ii) an aggregate principal amount equal to the remaining balance of the available applicable Commitments.
Following any increase of a Lender's Commitment or any extension of a new Commitment pursuant to this paragraph, any Standby Loans outstanding prior to the effectiveness of such increase or extension shall continue outstanding until the ends of the respective Interests Periods applicable thereto, and shall then be repaid or refinanced with new Standby Loans made pursuant to Sections 2.01 and 2.05.

More Definitions of Standby Loans

Standby Loans means the revolving loans made pursuant to Section 2.04. Each Standby Loan shall be a Eurodollar Standby Loan or an ABR Loan. "subsidiary" shall mean, with respect to any person (the "parent"), any corporation, association or other business entity of which securities or other ownership interests representing more than 50% of the ordinary voting power are, at the time as of which any determination is being made, owned or controlled by the parent or one or more subsidiaries of the parent or by the parent and one or more subsidiaries of the parent. "Subsidiary" shall mean a subsidiary of the Company. "Total Commitment" shall mean, at any time, the aggregate amount of Commitments of all the Lenders, as in effect at such time. "Type", when used in respect of any Loan or Borrowing, shall refer to the Rate by reference to which interest on such Loan or on the Loans comprising such Borrowing is determined. For purposes hereof, "Rate" shall include the LIBO Rate, the Alternate Base Rate and the Fixed Rate. "Voting Shares" shall mean, as to any corporation, outstanding shares of stock of any class of such corporation entitled to vote in the election of directors, excluding shares entitled so to vote only upon the happening of some contingency. "Withdrawal Liability" shall mean liability to a Multiemployer Plan as a result of a complete or partial withdrawal from such Multiemployer Plan, as such terms are defined in Part I of Subtitle E of Title IV of ERISA. SECTION 1.02.

Standby Loans and “Initial Revolving Credit Loans” under the Amended Credit Agreement and the other Loan Documents. Each financial institution set forth on Schedule II hereto shall, from and after the Amendment Effective Date, have all of the rights and obligations of a “Revolving Credit Lender” under the Amended Credit Agreement and the other Loan Documents. The terms of the Initial Revolving Credit Commitments and the Initial Revolving Credit Loans shall be as set forth in the Amended Credit Agreement. All New Term Loan B Loans shall be “Initial Term Loans” and “Term Loans”, in each case, for all purposes of the Amended Credit Agreement and the other Loan Documents. Each New Term Loan B Lender shall, from and after the Amendment Effective Date, have all of the rights and obligations of a “Term Loan Lender” under the Amended Credit Agreement and the other Loan Documents. The terms of the Initial Term Loans will be as set forth in the Amended Credit Agreement.

Standby Loans means, collectively, the Standby Tranche A Loans and the Standby Tranche B Loans.