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 Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "Fixed Rate Borrowing" is a Euro-Dollar Borrowing, a Swingline Borrowing or a Bid Rate Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Loans bearing interest at the Base Rate), 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 "Bid Rate Borrowing" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).
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Samples: Year Credit Agreement (Duke Energy Corp), Assignment and Assumption Agreement (Duke Energy Corp)
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 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 the pricing of Loans comprising such Borrowing (e.g., a "Fixed Rate BorrowingFIXED RATE BORROWING" is a Euro-Dollar Borrowing, a Swingline Borrowing or a Competitive Bid Rate Borrowing (excluding any such Borrowing consisting of Swingline Loans or Competitive Bid Rate (Indexed) LIBOR Loans bearing interest at the Base RateRate pursuant to Section 8.03), and a "EuroEURO-Dollar BorrowingDOLLAR BORROWING" is a Borrowing comprised of Euro 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 "Bid Rate BorrowingCOMPETITIVE 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 (Martin Marietta Materials Inc), Credit Agreement (Martin Marietta Materials Inc)
Types of Borrowings. The term "“Borrowing" ” denotes the aggregation of Loans of by one or more Banks Lenders to be made to the a single Borrower pursuant to Article 2 on a single date date, all of which Loans (i) are made in the same currency, (ii) in the case of Loans denominated in Dollars, are of the same type (subject to Article 8) and for a single (iii) except in the case of Base Rate Loans or Swingline Loans, have the same Interest Period or initial Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the currency and/or pricing of Loans comprising such Borrowing (e.g., a "Fixed Rate Borrowing" is a “Euro-Dollar Borrowing, a Swingline Borrowing or a Bid Rate Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Loans bearing interest at the Base Rate), and a "Euro-Dollar Borrowing" ” is a Borrowing comprised of Euro 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 Lenders participate in proportion to their Commitments, while a "“Competitive Bid Rate 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 (Allergan Inc)
Types of Borrowings. The term "BorrowingBORROWING" denotes the aggregation of Loans of one or more Banks to be made to the a single 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 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 "Fixed Rate BorrowingFIXED RATE BORROWING" is a Euro-Dollar Borrowing, a CD Borrowing, a Swingline Borrowing or a Bid Rate Money Market Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Money Market LIBOR Loans bearing interest at the Base Rate), and a "EuroEURO-Dollar BorrowingDOLLAR BORROWING" is a Borrowing comprised of Euro Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "Committed BorrowingCONVENTIONAL BORROWING" is a Borrowing under Section 2.01 2.01(a) in which all Banks participate in proportion to their Commitments, while a "Bid Rate 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).
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Types of Borrowings. The term "“Borrowing" ” denotes the aggregation of Loans of one or more Banks to be made to the Borrower Co-Borrowers pursuant to Article 2 on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "“Fixed Rate Borrowing" ” is a Euro-–Dollar Borrowing, a Swingline CD Borrowing or a Bid Rate Money Market Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Money Market LIBOR Loans bearing interest at the Base RateRate pursuant to Section 8.01), and a "“Euro-–Dollar Borrowing" ” is a Borrowing comprised of Euro 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 "Bid Rate “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).
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Types of Borrowings. The term "“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., a "“Fixed Rate Borrowing" ” is a Euro-Dollar Borrowing, a Swingline Currency Borrowing or a Competitive Bid Rate Borrowing (excluding any such Borrowing consisting of Swingline Loans or Competitive Bid Rate (Indexed) LIBOR Loans bearing interest at the rate applicable to Base RateRate Loans), and a "“Euro-Dollar Currency Borrowing" ” is a Borrowing comprised of Euro Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "Committed “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 "“Competitive Bid Rate 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 (Praxair Inc)
Types of Borrowings. The term "BorrowingBORROWING" denotes the aggregation of Loans of by one or more Banks to be made to the a single Borrower pursuant to Article 2 on a single date date, all of which Loans (i) are made in the same currency, (ii) in the case of Loans denominated in Dollars, are of the same type (subject to Article 8) and for a single (iii) 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 currency and/or pricing of Loans comprising such Borrowing (e.g., a "Fixed Rate Borrowing" is a EuroEURO-Dollar Borrowing, a Swingline Borrowing or a Bid Rate Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Loans bearing interest at the Base Rate), and a "Euro-Dollar BorrowingDOLLAR BORROWING" is a Borrowing comprised of Euro 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 "Bid Rate BorrowingCOMPETITIVE 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).
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Samples: Credit Agreement (Allergan Inc)
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 Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "“Fixed Rate Borrowing" ” is a Euro-–Dollar Borrowing, a Swingline CD Borrowing or a Bid Rate Money Market Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Money Market LIBOR Loans bearing interest at the Base RateRate pursuant to Section 8.01), and a "“Euro-–Dollar Borrowing" ” is a Borrowing comprised of Euro 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 "Bid Rate “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).
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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 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 the pricing of Loans comprising such Borrowing (e.g., a "Fixed Rate Borrowing" is a Euro-Dollar Borrowing, a Swingline Borrowing or a Bid Rate Money Market Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Money Market LIBOR Loans bearing interest at the Base RateRate pursuant to Article VIII), and a "Euro-Dollar Borrowing" is a Borrowing comprised of Euro 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 2.1 in which all Banks participate in proportion to their Commitments, while a "Bid Rate Money Market Borrowing" is a Borrowing under Section 2.03 2.3 in which the Bank participants are a Bank's share is determined on the basis of their bids its bid in accordance therewith).
Appears in 1 contract
Samples: Revolving Credit Agreement (Erp Operating LTD Partnership)
Types of Borrowings. Borrowings and Loans hereunder are distinguished by "Type". The Type of a Loan refers to whether such Loan is a Base Rate Loan, a CD Loan, a Euro-Currency Loan, a Swingline Loan, a Money Market LIBOR Loan, or a Money Market Absolute Rate Loan. The term "Borrowing" denotes the aggregation of Loans of one or more Banks to be made to the a single Borrower pursuant to Article 2 II on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "Fixed Rate Borrowing" is a Euro-Dollar Borrowing, a Swingline Borrowing or a Bid Rate Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Loans bearing interest at the Base Rate), and a "Euro-Dollar Currency Borrowing" is a Borrowing comprised of Euro Dollar Euro-Currency Loans) or by reference to the provisions of Article 2 II 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 "Bid Rate 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 therewithand a Swingline Borrowing is a Borrowing of a Swingline Loan).
Appears in 1 contract
Samples: Credit Agreement (Footstar Inc)
Types of Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Banks to be made to the a single Borrower pursuant to Article 2 on a single date and for a single Interest Period. Borrowings are classified for purposes of this Agreement either by reference to the pricing of Loans comprising such Borrowing (e.g., a "Fixed Rate Borrowing" is a Euro-Dollar Borrowing, a Swingline Borrowing or a Bid Rate Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Loans bearing interest at the Base Rate), and a "Euro-Dollar Borrowing" is a Borrowing comprised of Euro Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "Committed Syndicated Borrowing" is a Borrowing under Section 2.01 in which all Banks participate in proportion to their Commitments, while a "Bid Rate Borrowing" is a Borrowing under Section 2.03 in which the Bank participants are determined on the basis of their bids in accordance therewith).. THE CREDITS
Appears in 1 contract
Samples: Credit Agreement (Imc Global Inc)
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 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 the pricing of Loans comprising such Borrowing (e.g., a "Fixed Rate Borrowing" is a Euro-Dollar Borrowing, a Swingline Borrowing or a Bid Rate Money Market Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Money Market IBOR Loans bearing interest at the Base RateRate pursuant to Article VIII), and a "Euro-Dollar Borrowing" is a Borrowing comprised of Euro 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 2.1 in which all Banks participate in proportion to their Commitments, while a "Bid Rate Money Market Borrowing" is a Borrowing under Section 2.03 2.4 in which the Bank participants are a Bank's share is determined on the basis of their bids its bid in accordance therewith).
Appears in 1 contract
Samples: Term Loan Agreement (Equity Office Properties Trust)
Types of Borrowings. The term "“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 the pricing of Loans comprising such Borrowing (e.g., a "“Fixed Rate Borrowing" ” is a Euro-Dollar Currency Borrowing, a Swingline Borrowing or a Competitive Bid Rate Borrowing (excluding any such Borrowing consisting of Swingline Loans or Competitive Bid Rate (Indexed) LIBOR Loans bearing interest at the Base Rate), and a "“Euro-Dollar Currency Borrowing" ” is a Borrowing comprised of Euro Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "Committed “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 "“Competitive Bid Rate 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
Types of Borrowings. The term "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., a "Fixed Rate Borrowing" is a Euro-Dollar Currency Borrowing, a Swingline CD Borrowing or a Competitive Bid Rate Borrowing (excluding any such Borrowing consisting of Swingline Loans or Competitive Bid Rate (Indexed) LIBOR Loans bearing interest at the Base Rate), and a "Euro-Dollar Currency Borrowing" is a Borrowing comprised of Euro Euro-Dollar Loans) or by reference to the provisions of Article 2 under which participation therein is determined (i.e., a "Committed 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 "Competitive Bid Rate 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 (Praxair Inc)
Types of Borrowings. The term "BorrowingBORROWING" denotes (i) the aggregation of Loans of one made 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 PeriodPeriod or (ii) if the context so requires, the borrowing of such Loans. Borrowings are classified for purposes of this Agreement hereof either (i) by reference to the pricing of Loans comprising such Borrowing (e.g., a "Fixed Rate Borrowing" is a EuroEURO-Dollar Borrowing, a Swingline Borrowing or a Bid Rate Borrowing (excluding any such Borrowing consisting of Swingline Loans or Bid Rate (Indexed) Loans bearing interest at the Base Rate), and a "Euro-Dollar BorrowingDOLLAR BORROWING" is a Borrowing comprised of Euro 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 in which all Banks participate in proportion to their Commitments, while a "Bid Rate BorrowingMONEY MARKET BORROWING" is a Borrowing under Section 2.03 2.04 in which the Bank participants are determined one or more Banks participate on the basis of their bids in accordance therewithbids).
Appears in 1 contract
Samples: Credit Agreement (Guidant Corp)