Common use of Types of Borrowings Clause in Contracts

Types of Borrowings. The term "BORROWING" denotes the aggregation of Loans of one or more Banks to be made to the Borrower pursuant to Article 2 on a single date and for a single initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EURO-DOLLAR BORROWING" is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWING" is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWING" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 5 contracts

Samples: Short Term Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc), Credit Agreement (Litton Industries Inc)

AutoNDA by SimpleDocs

Types of Borrowings. The term "BORROWINGBorrowing" denotes the aggregation of Loans of one or more Banks to be made to the Borrower pursuant to Article 2 on a single date and for a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Domestic Loans, have the same Interest Period or initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EUROEuro-DOLLAR BORROWINGDollar Borrowing" is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWINGCommitted Borrowing" is a Borrowing under Section 2.01 2.01(a) in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWINGMoney Market Borrowing" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 3 contracts

Samples: Credit Agreement (U S West Inc /De/), Credit Agreement (Us West Inc), Credit Agreement (Usw-C Inc)

Types of Borrowings. The term "BORROWINGBorrowing" denotes the aggregation of Loans of one or more Banks to be made to the Borrower Company pursuant to Article 2 on a single date and for a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Domestic Loans, have the same Interest Period or initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EUROEuro-DOLLAR BORROWINGDollar Borrowing" is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWINGCommitted Borrowing" is a Borrowing under Section 2.01 2.01(a) in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWINGMoney Market Borrowing" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 2 contracts

Samples: Credit Agreement (U S West Communications Inc), Credit Agreement (U S West Inc /De/)

Types of Borrowings. The term "BORROWINGBorrowing" denotes the aggregation of Loans of one or more Banks to be made to the Borrower by one or more Banks pursuant to Article 2 on a single date and for a single the same day, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement hereof either (i) by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EUROEuro-DOLLAR BORROWINGDollar Borrowing" is a Borrowing comprised of Euro-Dollar Loans) or (ii) by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWINGCommitted Borrowing" is a Borrowing under Section 2.01 2.1 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWINGMoney Market Borrowing" is a Borrowing under Section 2.03 2.3 in which the Bank participants are determined one or more Banks participate on the basis of their bids in accordance therewithbids).

Appears in 2 contracts

Samples: Credit Agreement (Trigon Healthcare Inc), Credit Agreement (Trigon Healthcare Inc)

Types of Borrowings. The term "BORROWING" denotes the aggregation of Loans of one or more Banks to be made to the Borrower Company pursuant to Article 2 on a single date and for a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EURO-DOLLAR BORROWING" is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWING" is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET COMPETITIVE BID BORROWING" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 2 contracts

Samples: Credit Agreement (New Rockwell Collins Inc), Credit Agreement (New Rockwell Collins Inc)

Types of Borrowings. The term "BORROWING" “Borrowing” denotes the aggregation of Loans of one or more Banks made or to be made to the Borrower pursuant to Article 2 on a single date and for a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EURO“Euro-DOLLAR BORROWING" Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWING" “Committed Borrowing” is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWING" “Competitive Bid Borrowing” is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 2 contracts

Samples: Credit Agreement (Pacificorp /Or/), Credit Agreement (Pacificorp /Or/)

Types of Borrowings. The term "BORROWINGBorrowing" denotes the aggregation of Loans of one or more Banks to be made to the Borrower pursuant to Section 2.01 or 2.03 on the same date, all of which Loans are of the same type (subject to Article 2 on a single date and for a single 8) and, except in the case of Base Rate Loans, have the same Interest Period or initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EUROEuro-DOLLAR BORROWINGDollar Borrowing" is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWINGCommitted Borrowing" is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWINGMoney Market Borrowing" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (CNF Transportation Inc)

Types of Borrowings. The term "BORROWING" “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the Borrower Company pursuant to Article ‎Article 2 on a single date and for a single date, all of which Loans are of the same type (subject to ‎Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EURO“Euro-DOLLAR BORROWING" Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article ‎Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWING" “Committed Borrowing” is a Borrowing under Section ‎Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWING" “Competitive Bid Borrowing” is a Borrowing under Section ‎Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Rockwell Collins Inc)

Types of Borrowings. The term "BORROWING" “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the Borrower Company pursuant to Article 2 on a single date and for a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EURO“Euro-DOLLAR BORROWING" Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWING" “Committed Borrowing” is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWING" “Competitive Bid Borrowing” is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).. 11

Appears in 1 contract

Samples: 364 Day Credit Agreement (Rockwell Automation Inc)

Types of Borrowings. The term "BORROWING" “Borrowing” denotes the aggregation of Loans of one or more Banks Lenders to be made to the a single Borrower pursuant to Article 2 in the same currency on a single date and for a single the same date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to method of determining interest on the pricing of Loans comprising such Borrowing (e.g.i.e., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EURO-DOLLAR BORROWING" is a Borrowing comprised of Rate, Euro-Dollar LoansCurrency Rate or EURIBOR) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWING" “Syndicated Borrowing” is a Borrowing under Section 2.01 2.01(a) in which all Banks Lenders participate in proportion to their Commitments, while a "MONEY MARKET BORROWING" “Competitive Bid Borrowing” is a Borrowing under Section 2.03 in which the Bank participants participating Lenders are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Linde PLC)

Types of Borrowings. The term "BORROWING" “Borrowing” denotes the aggregation of Loans of one or more Banks Lenders to be made to the Borrower Company pursuant to Article 2 on a single date and for a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EURO“Euro-DOLLAR BORROWING" Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWING" “Committed Borrowing” is a Borrowing under Section 2.01 in which all Banks Lenders participate in proportion to their Commitments, while a "MONEY MARKET BORROWING" “Competitive Bid Borrowing” is a Borrowing under Section 2.03 in which the Bank Lender participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Rockwell Collins Inc)

AutoNDA by SimpleDocs

Types of Borrowings. The term "BORROWING" denotes the aggregation of Loans of one or more Banks to be made to the Borrower pursuant to Article 2 on a single date and for a single initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EURO-DOLLAR BORROWING" is a Borrowing comprised of Euro-Dollar Loans and a "FIXED RATE BORROWING" is a Borrowing comprised of Fixed Rate Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWING" is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWING" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Valero Refining & Marketing Co)

Types of Borrowings. The term "BORROWING" “Borrowing” denotes the aggregation of Loans of one or more Banks to be made to the Borrower Company pursuant to Article 2 on a single date and for a single date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EURO-DOLLAR BORROWING" “Euro–Dollar Borrowing” is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWING" “Committed Borrowing” is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWING" “Competitive Bid Borrowing” is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Rockwell Collins Inc)

Types of Borrowings. The term "BORROWINGBorrowing" denotes the aggregation of Loans of one or more Banks to be made to the Borrower pursuant to Article 2 II on a single date and for a single initial Interest Period or are converted to, or continued as, Loans of the same type at the same time for the same successive Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EUROEuro-DOLLAR BORROWINGDollar Borrowing" is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 II under which participation therein is determined (i.e., a "COMMITTED BORROWINGCommitted Borrowing" is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWINGMoney Market Borrowing" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Hilton Hotels Corp)

Types of Borrowings. The term "BORROWINGBorrowing" denotes the aggregation of Loans of one or more Banks to be made to the Borrower pursuant to Article 2 on a single date and for a single the same date, all of which Loans are of the same type (subject to Article 8) and, except in the case of Base Rate Loans, have the same Interest Period or initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EUROEuro-DOLLAR BORROWINGDollar Borrowing" is a Borrowing comprised of Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWINGCommitted Borrowing" is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWINGMoney Market Borrowing" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Commercial Credit Co)

Types of Borrowings. The term "BORROWINGBorrowing" denotes the aggregation of Loans of one or more Banks to be made to the Borrower pursuant to Article 2 II on a single date and for a single initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EUROEuro-DOLLAR BORROWINGDollar Borrowing" is a Borrowing comprised of Euro-Dollar Loans and a "Fixed Rate Borrowing" is a Borrowing comprised of Fixed Rate Loans) or by reference to the provisions of Article 2 II under which participation therein is determined (i.e., a "COMMITTED BORROWINGCommitted Borrowing" is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWINGMoney Market Borrowing" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Valero Energy Corp)

Types of Borrowings. The term "BORROWINGBorrowing" denotes the aggregation of Loans of one or more Banks to be made to the Borrower pursuant to Article 2 on a single date and for a single initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "BASE RATE BORROWING" is a Borrowing comprised of Base Rate Loans and a "EUROEuro-DOLLAR BORROWINGDollar Borrowing" is a Borrowing comprised of Euro-Dollar Loans and a "Fixed Rate Borrowing" is a Borrowing comprised of Fixed Rate Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "COMMITTED BORROWINGCommitted Borrowing" is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "MONEY MARKET BORROWINGMoney Market Borrowing" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).

Appears in 1 contract

Samples: Credit Agreement (Valero Energy Corp/Tx)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!