Autoborrow Agreement definition

Autoborrow Agreement has the meaning specified in Section 2.04(b).

Autoborrow Agreement means any agreement providing for automatic borrowing services between the Borrower and the Swing Line Lender.

Autoborrow Agreement means an agreement by and between the Revolving Borrower and the Swing Line Lender, providing for the automatic advance of Swing Line Loans by the Swing Line Lender under the conditions set forth therein.

Examples of Autoborrow Agreement in a sentence

• Each Request for Credit Extension (other than a Loan Notice requesting only a conversion of Loans to other Types of Loans, or a continuation of Term Benchmark Loans) submitted by the Borrowers and each USD Swingline Borrowing pursuant to an Autoborrow Agreement shall be deemed to be a representation and warranty by the Borrowers that the conditions specified in Sections 5.02(a) and (b) have been satisfied on and as of the date of the applicable Credit Extension.

• At any time the Autoborrow Agreement is in effect, the USD Swingline Loans shall be repaid in accordance with the terms of the Autoborrow Agreement.

• Other than a USD Swingline Borrowing made pursuant to the Autoborrow Agreement, each USD Swingline Borrowing shall be made in Dollars upon a Borrower’s irrevocable notice to the applicable USD Swingline Lender and the Administrative Agent, which may be given by (A) telephone or (B) a Loan Notice; provided that any telephonic notice must be confirmed promptly by delivery to the applicable USD Swingline Lender and the Administrative Agent of a Loan Notice.

• At any time the Autoborrow Agreement is not in effect, the Outstanding Amount of USD Swingline Loans shall be repaid in full on the earlier to occur of (i) the date of demand by the applicable USD Swingline Lender, and (ii) the Termination Date.

More Definitions of Autoborrow Agreement

Autoborrow Agreement means the Revolving Autoborrow Agreement or the Used Vehicle Autoborrow Agreement, as applicable.

Autoborrow Agreement means that certain agreement between the Borrower and Bank of America, dated as of the date of this Agreement, with respect to the services provided by Bank of America to the Borrower which constitute Bank of America’s AutoBorrow program.

Autoborrow Agreement means the AutoBorrow Service Agreement dated as of November 13, 2007, between the Borrower and the Swing Line Lender.

Autoborrow Agreement means that certain agreement dated as of October 19, 2007 between the Borrower and Bank of America, N.A., a copy of which is attached as Schedule A hereto. For the avoidance of doubt, in the event that Bank of America, N.A. shall cease to be the sole Lender hereunder, the AutoBorrow Agreement shall be deemed to be terminated.

Autoborrow Agreement means any agreement providing for automatic borrowing services between a Borrower and the Swingline Lender. “Availability Period” means the period from and including the Effective Date to but excluding the earlier of the Maturity Date and the date oftermination of the Commitments.

Autoborrow Agreement means the Autoborrow Service Agreement by and between Borrower and Bank of America dated February 27, 2007 and all amendments, modifications or substitutions thereto.

Autoborrow Agreement means, collectively, (a) that certain Autoborrow Agreement, dated as of the date hereof, by and between the Borrower and the Administrative Agent, and any successor Autoborrow Agreement in form and substance reasonably satisfactory to the Administrative Agent and the Swingline Lender and (b) that certain Fee Letter for Swingline Loans linked to Autoborrow Agreement, dated as of the date hereof, by and between the Borrower and the Swingline Lender.