Bank Borrowings definition

Bank Borrowings means at any particular time the aggregate consolidated indebtedness of the Group under this Agreement, the Mezzanine Facility Agreement and the Overdraft Facility Letter;

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Bank Borrowings means bank borrowings made by Unitil and contributed to the Cash Pool.

Bank Borrowings means bank borrowings made by UNITIL and contributed to the Cash Pool.

Examples of Bank Borrowings in a sentence

• Bank Borrowings The Fund may borrow from a bank for temporary or emergency purposes including, without limitation, funding of shareholder redemptions provided asset coverage for borrowings exceeds 300%.

• However, the Company may not enter into such transactions with the Manager or its Affiliates, except as may be required by loan covenants related to Bank Borrowings.

• The rights of the Senior Noteholders in the Collateral are subordinated to the interests in such Collateral securing the Company’s Bank Borrowings (as defined in the Security Agreement).

• Notwithstanding this authority and the maximum Total Loan Amount authorized in Section 2.1, the Company shall not issue debt or accept Bank Borrowings, as defined in Section 4.3, which in aggregate, exceed eighty percent (80%) of total assets (the “Maximum Debt Covenant”).

• The interest rate applicable on any day to Bank Advances shall be calculated to produce an aggregate interest charge on all such Bank Advances, at a rate which shall be uniform for all such Bank Advances, equal to the net cost to Unitil of the Bank Borrowings used to fund such Bank Advances on such day.

More Definitions of Bank Borrowings

Bank Borrowings mean all Borrowings of a Group Company with a bank or other financial institution but always excluding an amount not exceeding in total £50,000,000 borrowed to fund or assist with funding one or more share or business acquisitions by the Group or a Group Company.

Bank Borrowings means the Corporation’s indebtedness, obligations and liabilities to the Banks or any of them;

Bank Borrowings means borrowings (a) from a depository institution, the deposits of which are insured by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation, (b) which are not senior in right of payment to the Notes and (c) which have been made pursuant to loan documents containing a covenant that the lender shall not make a petition which would result in the institution of an involuntary case or proceeding against the Fund or the appointment of a custodian for the Fund or all or substantially all of its property under any bankruptcy law prior to the date which is one year and one day after the first date upon which no Notes are outstanding. The Fund will not file a voluntary petition in bankruptcy so long as the value of its assets is, and is reasonably foreseen as being, greater than its liabilities. The Notes Investment Guidelines reflected in the Indenture also prohibit the Fund from creating, incurring or suffering to exist, or agreeing to create, incur or suffer to exist, or consenting to cause or permit in the future (upon the happening of a contingency or otherwise) the creation, incurrence or existence of any material lien, mortgage, pledge, charge, security interest, security agreement, conditional sale or trust receipt or other material encumbrance of any sort (collectively, "Liens") upon any of its assets which are eligible for inclusion in the discounted value of its portfolio, except for (a) Liens the validity of which is being contested in good faith by appropriate proceedings, (b) Liens for taxes that are not then due and payable or that can be paid thereafter without penalty, (c) Liens to secure payment for services rendered by Bankers Trust Company or its successor as auction agent with respect to the Preferred Shares or the Trustee and (d) at such time as the Notes are not rated by the Rating Agencies or otherwise, or upon receipt of written confirmation from each of the Rating Agencies (if the Notes are then rated by such Rating Agency) that the rating of the Notes will not be impaired thereby, Liens otherwise incurred in connection with borrowings made in accordance with the Fund's stated investment objective, policies and restrictions. The terms of the Indenture also limit the Fund's ability to employ certain investment strategies. See "Investment Objective and Policies--Certain Investment Strategies." ASSET MAINTENANCE The Fund will be required to satisfy two separate asset maintenance requirements that ar...

Bank Borrowings means the bank borrowings by the Company and its Subsidiaries together with the amount of any penalties, prepayment charges, unpaid interest or other sums required to be paid to the relevant banks in order to procure the repayment of those borrowings and release of all security (including warrants) of the banks in respect of them.

Bank Borrowings means the aggregate amount of indebtedness comprising all amounts whether principal, interest, penalties or otherwise then outstanding and owing at or immediately prior to Acquisition Completion by Cypress Dynasty to the Bank of East Asia, Limited

Bank Borrowings means any monies borrowed by the Group from a financial lending institution (and which, for the avoidance of doubt, excludes the net proceeds from the ZDP Shares (including any monies on-lent to the Company under the Intragroup Loan) and the net proceeds from the issuance of the Bonds).

Bank Borrowings means the aggregate amount of indebtedness comprising all