Bilateral Borrowing Agreements definition

Bilateral Borrowing Agreements shall have the meaning as defined under paragraph 4(a) of the Borrowing Guidelines.
Sample 1Sample 2Sample 3

Examples of Bilateral Borrowing Agreements in a sentence

  • If, after the deactivation of the 2016 Bilateral Borrowing Agreements under this paragraph 2(c), the modified FCC were to fall below the activation threshold, the provisions of paragraph 2(b) will apply.

  • To cope with the sharp increase in demand for financial support during the GFC, the IMF supplemented quota resources with borrowed resources (the NAB and the Bilateral Borrowing Agreements - BBAs).

  • Member countries should expedite their domestic procedures for the doubling of the New Agreements to Borrow (NAB) and the new round of Bilateral Borrowing Agreements (BBAs).

  • We welcome the decisions on the doubling of the New Arrangements to Borrow (NAB) and a new round of Bilateral Borrowing Agreements (BBAs), which are critical to maintain confidence that the IMF can fulfill its mandate by helping its members overcome the crisis.

  • For comparison, the total lending capacity of the GRA stands at 707 bn XDR, of which 316 bn XDR come from quotas, 285 bn XDR from New Agreements to Borrow, and 106 bn XDR come from Bilateral Borrowing Agreements (IMF 2021j).

  • Significant progress has been made in implementing a package on IMF resources and governance reform that would maintain the IMF’s current size through 2023, including a doubling of the New Arrangements to Borrow (NAB), and a new round of Bilateral Borrowing Agreements (BBAs) (https://www.imf.org/en/About/Factsheets/Where-the-IMF-Gets- Its-Money).

  • Also, the IMF’s additional financial resources were strengthened through the consolidation of Multilateral and Bilateral Borrowing Agreements to US$250 and US$400 bil- lion respectively (including unprecedented contributions from the BRICS and other emerging economies such as Chile, Thailand and Poland) and a general allocation of Special Drawing Rights equivalent to US$283 billion, in order to expand the international liquidity.

Related to Bilateral Borrowing Agreements

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

  • Foreign Borrowing Base means, as of any date, an amount equal to:

  • Incremental Facility Agreement means an Incremental Facility Agreement, in form and substance reasonably satisfactory to the Administrative Agent, among the Borrower, the Administrative Agent and one or more Incremental Lenders, establishing Incremental Term Loan Commitments of any Series or Incremental Revolving Commitments and effecting such other amendments hereto and to the other Loan Documents as are contemplated by Section 2.20.

  • Revolving Loan Documents has the meaning specified for the term “Loan Documents” in the Revolving Credit Agreement.

  • Domestic Borrowing Base means, at any time of calculation, an amount equal to:

  • Replacement Revolving Facility Commitments shall have the meaning assigned to such term in Section 2.21(l).

  • Subsidiary Borrowers as defined in the preamble hereto.

  • Revolving Facility Borrowing means a Borrowing comprised of Revolving Facility Loans.

  • Revolving Credit Documents means the Revolving Credit Agreement and the Revolving Credit Collateral Documents.

  • Total Borrowings means, in respect of the Corporation on a consolidated basis, as of a given date, the aggregate of the following, without duplication:

  • Canadian Borrowing Base means, at any time, an amount in Dollars equal to:

  • ABR Revolving Facility Borrowing means a Borrowing comprised of ABR Revolving Loans.

  • Refinancing Revolving Commitments means one or more Classes of Revolving Loan commitments hereunder that result from a Refinancing Amendment.

  • Credit Facility Agreement means any agreement pursuant to which a Credit Facility Issuer issues a Credit Facility.

  • Revolving Credit Agreement means that certain Revolving Credit Agreement dated as of August 30, 2004 between the Company, certain of its Subsidiaries and the banks and financial institutions listed therein, as such agreement may be replaced, amended, supplemented or otherwise modified from time to time.

  • Revolving Facility Commitment means, with respect to each Revolving Facility Lender, the commitment of such Revolving Facility Lender to make Revolving Facility Loans pursuant to Section 2.01(b), expressed as an amount representing the maximum aggregate permitted amount of such Revolving Facility Lender’s Revolving Facility Credit Exposure hereunder, as such commitment may be (a) reduced from time to time pursuant to Section 2.08, (b) reduced or increased from time to time pursuant to assignments by or to such Lender under Section 9.04, and (c) increased (or replaced) as provided under Section 2.21. The initial amount of each Lender’s Revolving Facility Commitment is set forth on Schedule 2.01 or in the Assignment and Acceptance or Incremental Assumption Agreement pursuant to which such Lender shall have assumed its Revolving Facility Commitment, as applicable. The aggregate amount of the Lenders’ Revolving Facility Commitments on the Closing Date is $500,000,000. On the Closing Date, there is only one Class of Revolving Facility Commitments. After the Closing Date, additional Classes of Revolving Facility Commitments may be added or created pursuant to Incremental Assumption Agreements.

  • Borrowing Subsidiary Agreement means a Borrowing Subsidiary Agreement substantially in the form of Exhibit F-1.

  • Other Revolving Facility Commitments means Incremental Revolving Facility Commitments to make Other Revolving Loans.

  • Dollar Letters of Credit means Letters of Credit that utilize the Dollar Commitments.

  • Eurocurrency Revolving Facility Borrowing means a Borrowing comprised of Eurocurrency Revolving Loans.

  • Incremental Revolving Facility Commitment means the commitment of any Lender, established pursuant to Section 2.21, to make Incremental Revolving Loans to the Borrower.

  • U.S. Borrowing Base means, as of any date of determination, the result of:

  • Local Facility Agreements means any agreement under which a Local Facility is made available.

  • Revolving Facility means the facility under which Borrower may request Bank to issue Advances, as specified in Section 2.1(a) hereof.

  • U.S. Revolving Commitment means the commitment of a Lender to make or otherwise fund any U.S. Revolving Loan and to acquire participations in U.S. Letters of Credit and Swing Line Loans hereunder and “U.S. Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s U.S. Revolving Commitment, if any, is set forth on Schedule 1.01(c) or in the applicable Assignment Agreement or Joinder Agreement, as applicable, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the U.S. Revolving Commitments as of the Closing Date is $265,000,000.