Sterling definition
Examples of Sterling in a sentence
Daily Simple RFR Loans made pursuant to this Credit Agreement may be funded at the request of the Borrower in Canadian Dollars, Sterling, Swiss Francs or Dollars.
Each such notice must be received by Euro Swing Line Lender and Euro Funding Agent not later than 11:00 a.m., Brussels time, on the requested borrowing date, and shall specify (a) the amount to be borrowed, which shall be a minimum of EUR 500,000 for a Euro denominated Euro Swing Line Loan and £500,000 for a Sterling denominated Euro Swing Line Loan and (b) the requested borrowing date, which shall be a Business Day.
Each Eurocurrency Rate Loan made pursuant to this Credit Agreement may be funded, or Letters of Credit issued, at the request of the Borrower in any applicable Alternative Currency, subject to the prior approval of the Administrative Agent (other than Canadian Dollars, Sterling or Swiss Francs).
Any spread adjustment with respect to a Loan denominated in Sterling that bears interest at a term SONIA rate with an Interest Period of one month shall be the same spread adjustment, if any, that applies to the Daily Floating Rate Loans denominated in Sterling.
To the extent that the Euro Swing Line Loan is denominated in Sterling and there are Euro Non-Qualified Lenders with respect to Sterling, then Euro Funding Agent may elect a Fronting Lender in accordance with Section 3.2. Furthermore, to the extent that there are no available Fronting Lenders, then such Euro Swing Line Loan shall be converted to Euro based on the Euro Equivalent amount of such Euro Swing Line Loan and refinanced as a Eurocurrency Rate Loan in Euro with an Interest Period of one month.