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.
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
Bid Borrowing Limit means 50% of the Total Loan Commitment. “Bid Rate Loan” has the meaning specified in Section 2.01(c).
Sample 1

Related to Bid Borrowing Limit

  • 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.

  • Revolving Credit Loans as defined in Section 2.1.