Alternate Currency Borrowing definition

Alternate Currency Borrowing means any borrowing consisting of a Loan made in an Alternate Currency.
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Alternate Currency Borrowing has the meaning set forth in Section 1.4.
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Alternate Currency Borrowing means each Borrowing made and repayable in ---------------------------- an Alternate Currency.
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Examples of Alternate Currency Borrowing in a sentence

  • Upon receipt of any such Alternate Currency Borrowing Request, the Agent shall promptly forward copies thereof to each of the Lenders.

  • The Borrower hereby authorizes the Lenders and the Agent to extend, convert or continue U.S. Dollar Advances (it being understood and agreed that Alternate Currency Borrowing Requests must be in writing or by facsimile) and to transfer funds based on telephonic notices made by any person or persons the Agent or any Lender in good faith believes to be acting on behalf of the Borrower.

  • Any such notice given telephonically shall include all information to be specified in a written Notice of Alternate Currency Borrowing and shall be promptly confirmed in writing by the Borrower pursuant to a Notice of Alternate Currency Borrowing sent to the Agent by telecopy on the same day of the giving of such telephonic notice.

  • The purchase of participations in any Loan included in any Revolving Alternate Currency Borrowing pursuant to this paragraph shall not relieve any Borrower of any default in the payment thereof.

  • Upon such receipt of an executed copy of such Alternate Currency Borrowing Request from each of the Lenders (which copy may be a facsimile transmittal), the Agent shall promptly notify the Borrower and each of the Lenders of such acceptance, and thereupon the Lenders shall be jointly and severally committed to make the requested Alternate Currency Advance, subject to the terms and conditions of this -13- Agreement.

  • Each Notice of Alternate Currency Borrowing shall be delivered to the Agent no later than 10:00 a.m. on the date four Business Days prior to the proposed date of such borrowing.

  • The principal of and interest on each Alternate Currency Borrowing shall be paid in the applicable currency for such Alternate Currency Borrowing and shall be paid to the Administrative Agent for the ratable (relative to Loans made as a part of such Borrowing) account of the Alternate Currency Lenders.

  • The Borrower shall give the Agent and the Alternate Currency Lender notice pursuant to a Notice of Alternate Currency Borrowing or telephonic notice of each borrowing of Alternate Currency Loans.

  • The requested Alternate Currency Advance will be made as requested if, and only if, each Lender shall, in its sole and absolute discretion, execute and return a copy of such Alternate Currency Borrowing Request to the Agent not later than 10:00 a.m. (Chicago time) at least three Business Days before the requested Borrowing Date for such Alternate Currency Advance.

  • Each Alternate Currency Borrowing and continuation thereof shall be in a minimum aggregate amount reasonably acceptable to the Administrative Agent and the Alternate Currency Fronting Lender.


More Definitions of Alternate Currency Borrowing

Alternate Currency Borrowing means any borrowing consisting of a Revolving Loan made in an Alternate Currency.
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Alternate Currency Borrowing means a borrowing by the Company made under Section 2.06 or continued under Section 2.08 consisting of simultaneous Loans from the Alternate Currency Lenders under each such Lender’s Alternate Currency Commitment.
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Related to Alternate Currency Borrowing

  • Euro-Dollar Borrowing has the meaning set forth in Section 1.3.

  • Alternate Currency Loan means any Loan denominated in an Alternate Currency.

  • Alternate Currency means (i) with respect to any Letter of Credit, Canadian Dollars and any other currency other than Dollars as may be acceptable to the Administrative Agent and the Issuing Bank with respect thereto and all respective Lenders of such Facility with respect thereto in their sole discretion and (ii) with respect to any Loan, any currency other than Dollars that is approved in accordance with Section 1.05.

  • Base Rate Borrowing means a Borrowing consisting of Base Rate Loans.

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

  • Committed Borrowing means a borrowing consisting of simultaneous Committed Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Lenders pursuant to Section 2.01.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Borrowing.

  • Borrowing means Loans of the same Type, made, converted or continued on the same date and, in the case of Eurodollar Loans, as to which a single Interest Period is in effect.