Bid Borrowing Limit definition

Bid Borrowing Limit has the meaning specified in Section 2.01(c).
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Bid Borrowing Limit means 50% of the Total Loan Commitment.
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Bid Borrowing Limit means sixty-five percent (65%) of the Total Loan Commitment.
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Examples of Bid Borrowing Limit in a sentence

  • The Bid Rate Loans of the Banks shall be evidenced by a single global promissory note of Borrower, in the form of EXHIBIT B-1, duly completed and executed by Borrower, in the principal amount of the Bid Borrowing Limit, payable to Administrative Agent for the account of the respective Banks making Bid Rate Loans (such note, as the same may hereafter be amended, modified, extended, severed, assigned, substituted, renewed or restated from time to time, the “Bid Rate Loan Note”).

  • The Bid Rate Loans of the Banks shall be evidenced by a single global promissory note of Borrower, in the form of EXHIBIT B-1, duly completed and executed by Bxxxxxxx, in the principal amount of the Bid Borrowing Limit, payable to Administrative Agent for the account of the respective Banks making Bid Rate Loans (such note, as the same may hereafter be amended, modified, extended, severed, assigned, substituted, renewed or restated from time to time, the “Bid Rate Loan Note”).


More Definitions of Bid Borrowing Limit

Bid Borrowing Limit means the lesser of $250,000,000 or fifty percent (50%) of the Total Loan Commitment.
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Bid Borrowing Limit means 50% of the Total Loan Commitment. “Bid Rate Loan” has the meaning specified in Section 2.01(c).
Sample 1
Bid Borrowing Limit means sixty-five percent (65%) of the Total Loan Commitment. “Bid Rate Loan” has the meaning specified in Section 2.01(c).
Sample 1

Related to Bid Borrowing Limit

  • Bid Borrowing means a borrowing consisting of simultaneous Bid Loans of the same Type from each of the Lenders whose offer to make one or more Bid Loans as part of such borrowing has been accepted under the auction bidding procedures described in Section 2.03.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • Competitive Bid Borrowing means a borrowing consisting of simultaneous Competitive Bid Advances from each of the Lenders whose offer to make one or more Competitive Bid Advances as part of such borrowing has been accepted under the competitive bidding procedure described in Section 2.03.

  • Revolving Loan Borrowing means a borrowing of a Revolving Loan.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Swingline Loan Request has the meaning set forth in Section 2.06(b).

  • 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.

  • Notice of Competitive Bid Borrowing has the meaning specified in Section 2.03(a).

  • 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.

  • Notice of Committed Borrowing has the meaning specified in Section 2.02(a).

  • Revolving Credit Advance means an advance by a Bank to a Borrower as part of a Revolving Credit Borrowing and refers to a Base Rate Advance or a Eurocurrency Rate Advance, each of which shall be a “Type” of Advance.

  • Swingline Committed Amount means the amount of the Swingline Lender’s Swingline Commitment as specified in Section 2.4(a).

  • Swing Line Borrowing Notice is defined in Section 2.4.2.

  • Revolving Loan Limit means, at any time, the lesser of (a) the Revolving Loan Commitment and (b) the Borrowing Base.

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Competitive Borrowing means a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted by the Borrower under the bidding procedure described in Section 2.03.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

  • Swing Line Loans as defined in Section 2.2(a).

  • Revolving Credit Extension Request shall have the meaning provided in Section 2.15(a)(ii).

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • Swing Loan Lender means PNC, in its capacity as lender of the Swing Loans.

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

  • Swingline Loan Notice means a notice of a Swingline Borrowing pursuant to Section 2.04(b), which shall be substantially in the form of Exhibit J or such other form as approved by the Administrative Agent (including any form on an electronic platform or electronic transmission system as shall be approved by the Administrative Agent), appropriately completed and signed by a Responsible Officer of the Borrower.

  • Swing Loan Request means a request for Swing Loans made in accordance with Section 2.5.2 [Swing Loan Requests] hereof.

  • Revolving Credit Advances has the meaning assigned to such term in Section 2.1.

  • Revolving Credit Loans as defined in Section 2.1.