Common use of Types of Loans and Borrowings Clause in Contracts

Types of Loans and Borrowings. The term "BORROWING" denotes the aggregation of Loans made to the Borrower pursuant to Article 2 on a single date and, in the case of a Borrowing consisting of Fixed Rate Loans, for a single Interest Period. Loans and Borrowings are distinguished by "type". The "TYPE" of a Loan (or a Borrowing consisting of such Loans) refers to the pricing of the Loans, whether such Loan is a Euro-Dollar Loan, a CD Loan or a Base Rate Loan, each of which constitutes a type.

Types of Loans and Borrowings. The term "BORROWINGBorrowing" denotes the aggregation of Loans made to the Borrower pursuant to Article 2 on a single date and, in the case of a Borrowing consisting of Fixed Rate Loans, for a single Interest Period. Loans and Borrowings are distinguished by "type". The "TYPEtype" of a Loan (or a Borrowing consisting of such Loans) refers to the pricing of the Loans, whether such Loan is a Euro-Dollar Loan, a CD Loan or a Base Rate Loan, each of which constitutes a type.