Sterling Term Loan definition

Sterling Term Loan has the meaning specified in Section 2.01(a)(iv).
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Sterling Term Loan means the term loans advanced by the applicable Term Lenders to the Borrower in Sterling on the Closing Date in the aggregate amount of £500,000,000.
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Sterling Term Loan means a Term Loan denominated in Sterling. Each Sterling Term Loan shall be a Eurocurrency Term Loan.
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Examples of Sterling Term Loan in a sentence

  • Each Sterling Term Loan Lender severally agrees, on the terms and conditions hereinafter set forth, to make an advance (the “Sterling Term Loan Advance”) to the Borrower on the Amendment No. 4 Effective Date in an amount denominated in British Pounds Sterling equal to such Lender’s Sterling Term Loan Commitment.

  • To the extent the Borrower elects to prepay the Sterling Term Loan Advance or the US Term Loan Advance, amounts prepaid under this Section 2.06(a) shall be applied ratably to the remaining principal installments thereof.

  • The Borrower may make only one borrowing under the Initial Dollar Term Loan Commitment and only one borrowing under the Initial Pounds Sterling Term Loan Commitment, which, in each case, shall be on the Closing Date.

  • The Lenders shall make any payment under any Loan Document in immediately available Dollars (except that each Sterling Term Loan shall be made in Sterling) and without setoff or counterclaim.

  • The Borrower promises to pay interest on the unpaid principal amount of the Sterling Term Loan Advance from the date of such Advance until such principal amount is paid in full, at such interest rates and at such times as provided in the Agreement.

  • If the imposition of exchange controls by any Governmental Authority shall impair the ability of any Lender to receive payments (other than relating to any Existing Sterling Term Loan or Sterling Term Loan) in the Applicable Currency, all such payments shall be made in Dollars to an office specified by such Lender to the extent possible or otherwise as directed by such Lender.

  • The principal balance of the Sterling Term Loan, the rates of interest applicable thereto and the date and amount of each payment made on account of the principal thereof, shall be recorded by Agent on its books pursuant to Section 1.9 of the Credit Agreement.

  • The Sterling Term Loan shall bear interest on the unpaid principal amount thereof from time to time outstanding, payable on each Interest Payment Date, in arrears, and on the Maturity Date, at a rate per annum equal to the lesser of (A) LIBOR, PLUS three percent (3.0%) or (B) the Highest Lawful Rate.

  • Subject to SECTION 4.4, the Sterling Term Loan and VLA Term Loan will be Eurocurrency Rate Loans.

  • Any reduction of the Revolving Commitments and/or Sterling Term Loan Commitments shall be applied to the respective Revolving Commitment of each such Revolving Lender according to its Revolving Commitment Percentage and/or Sterling Term Loan Commitment Percentage thereof.


More Definitions of Sterling Term Loan

Sterling Term Loan means the Loan made pursuant to the Sterling Term Commitment.
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Sterling Term Loan is defined in Section 2.1.3A.
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Sterling Term Loan is defined in the Prepetition Credit Agreement, but, unless the context otherwise requires, only refers to such Sterling Term Loans that have become part of the Roll-Up Loans.
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Related to Sterling Term Loan

  • Existing Term Loan has the meaning specified in Section 2.01(b).

  • Existing Term Loans has the meaning specified in Section 2.16(a).

  • Extending Term Lender has the meaning set forth in Section 2.16(c).

  • Existing Term Loan Facility means that certain Term Loan Credit Agreement, dated as of September 7, 2018, by and among the ProFrac Services LLC, as the borrower thereunder, Holdings, the guarantors party thereto, the lenders party thereto and Barclays Bank PLC, as the administrative agent and collateral agent (as amended, amended and restated, supplemented and otherwise modified from time to time, and together with the guarantee and security documentation executed in connection therewith).

  • Refinancing Term Loan has the meaning specified in Section 2.15(b).

  • Tranche B Term Loan as defined in Section 2.1.

  • New Term Loan shall have the meaning provided in Section 2.14(c).

  • Refinancing Term Lender has the meaning specified in Section 2.15(c).

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

  • Tranche A Term Loan as defined in Section 2.1.

  • Refinancing Term Loans shall have the meaning assigned to such term in Section 2.21(j).

  • Existing Term Loan Agreement means that certain Term Loan Credit Agreement dated as of October 22, 2010 by and among Holdings, the Company, as borrower, the Subsidiary Guarantors, the lenders party thereto from time to time and Xxxxx Fargo Bank, National Association, as administrative agent and collateral agent, as amended, restated, supplemented or otherwise modified from time to time.

  • Existing Term Loan Tranche has the meaning set forth in Section 2.16(a).

  • Existing Term Loan Credit Agreement means that certain Term Loan Credit Agreement, dated as of August 24, 2017, among the Borrower, the lenders from time to time party thereto and Sumitomo Mitsui Banking Corporation, as administrative agent (as amended, restated, supplemented or otherwise modified prior to the Effective Date).

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

  • Initial Term Loan shall have the meaning provided in Section 2.1(a).

  • Refinancing Term Commitments means one or more term loan commitments hereunder that fund Refinancing Term Loans of the applicable Refinancing Series hereunder pursuant to a Refinancing Amendment.

  • Base Rate Term Loan means any portion of the Term Loan during any period in which it bears interest based on the Base Rate.

  • Refinancing Term Loan Commitments shall have the meaning provided in Section 2.14(h).

  • Tranche C Term Loan as defined in Section 2.1.

  • Tranche A Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche B Term Note shall have the meaning provided in Section 1.05(a).

  • Tranche A Term Loan Lender means a Lender with a Tranche A Term Loan Commitment or an outstanding Tranche A Term Loan.

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

  • Tranche A Term Loans means Loans made by the Tranche A Term Lenders pursuant to Section 2.01(a).