Common use of Types of Loans and Borrowings Clause in Contracts

Types of Loans and Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Lenders to be made to a single Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Type and currency and, in the case of Euro-Currency Loans, have the same initial Interest Period. Identification of a Borrowing by Type (e.g., a “Euro-Currency Borrowing”) indicates that such Borrowing is comprised of Loans of such Type.

Appears in 5 contracts

Samples: Credit Agreement (Johnson Controls Inc), Credit Agreement (Johnson Controls Inc), Credit Agreement (Johnson Controls Inc)

AutoNDA by SimpleDocs

Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Type and currency (subject to Article 8) and, except in the case of Euro-Currency Base Rate Loans, have the same initial Interest Period. Identification The "Type" of a Borrowing by Type (e.g.Loan refers to the determination whether such Loan is a Euro-Dollar Loan, a “Euro-Currency Borrowing”) indicates that such Borrowing is comprised Base Rate Loan or a Money Market Loan, each of Loans of such which constitutes a "Type".

Appears in 2 contracts

Samples: Credit Agreement (Norfolk Southern Corp), Credit Agreement (Norfolk Southern Corp)

Types of Loans and Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Lenders to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Type and currency (subject to Article 8) and, except in the case of Euro-Currency Base Rate Loans, have the same initial Interest Period. Identification The “Type” of a Borrowing by Type (e.g.Loan refers to the determination whether such Loan is a Euro-Dollar Loan or a Base Rate Loan, each of which constitutes a “Euro-Currency BorrowingType) indicates that such Borrowing is comprised of Loans of such Type.

Appears in 1 contract

Samples: Credit Agreement (Norfolk Southern Corp)

Types of Loans and Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Lenders to be made to a single Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Type and currency and, in the case of Euro-Currency Loans, have the same initial Interest Period. Identification of a Borrowing by Type (e.g., a “Euro-Currency Euro‑Currency Borrowing”) indicates that such Borrowing is comprised of Loans of such Type.

Appears in 1 contract

Samples: Credit Agreement (Johnson Controls Inc)

Types of Loans and Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Lenders to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Type and currency (subject to Article 8) and, except in the case of Euro-Currency Base Rate Loans, have the same initial Interest Period. Identification The “Type” of a Borrowing by Type (e.g.Loan refers to the determination whether such Loan is a Euro-Dollar Loan, a Base Rate Loan or a Money Market Loan, each of which constitutes a Euro-Currency BorrowingType) indicates that such Borrowing is comprised of Loans of such Type.

Appears in 1 contract

Samples: Credit Agreement (Norfolk Southern Corp)

AutoNDA by SimpleDocs

Types of Loans and Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Lenders to be made to a single Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Type and currency and, in the case of Euro-Currency Dollar Loans, have the same initial Interest Period. Identification of a Borrowing by Type type (e.g., a “Euro-Currency Dollar Borrowing”) indicates that such Borrowing is comprised of Loans of such Type.

Appears in 1 contract

Samples: Credit Agreement (Johnson Controls Inc)

Types of Loans and Borrowings. The term "Borrowing" denotes the aggregation of Loans of one or more Lenders Banks to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Type and currency (subject to Article 8) and, except in the case of Euro-Currency Base Rate Loans, have the same initial Interest Period. Identification The "Type" of a Borrowing by Type (e.g.Loan refers to the determination whether such Loan is a Euro-Dollar Loan, a “Euro-Currency Borrowing”) indicates that such Borrowing is comprised CD Loan, a Base Rate Loan or a Money Market Loan, each of Loans of such which constitutes a "Type".

Appears in 1 contract

Samples: Credit Agreement (Norfolk Southern Corp)

Types of Loans and Borrowings. The term “Borrowing” denotes the aggregation of Loans of one or more Lenders to be made to a single the Borrower pursuant to Article 2 on the same date, all of which Loans are of the same Type and currency and, in the case of Euro-Currency Loans, have the same initial Interest Period. Identification of a Borrowing by Type (e.g., a “Euro-Currency Borrowing”) indicates that such Borrowing is comprised of Loans of such Type.

Appears in 1 contract

Samples: Credit Agreement (Johnson Controls International PLC)

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