Borrowing Conditions definition

Borrowing Conditions means all of the following conditions required to be met in order for a Borrower Entity to enter into a Permissible Credit Facility:
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Borrowing Conditions means the following conditions, each of which must be met in order for the Corporation to enter into a Permissible Credit Facility:
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Borrowing Conditions means that the amount of the Initial Advance plus the amount of any proposed Subsequent Advance does not exceed the Borrowing Base.
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Examples of Borrowing Conditions in a sentence

  • Promptly after the satisfaction of the TIFIA Borrowing Conditions, Borrower shall request that the TIFIA Lender disburse an amount of the TIFIA Loan commitment necessary to repay the Obligations in full.

  • The company had decided to develop a new type of investments, namely financial assets.

  • The Board and the Union shall seek legislation to permit employees a choice of skin test or X-Ray.

  • The issue is not whether the loans had been repaid but whether the Borrowing Conditions had been breached.

  • The MTA uses the Maximo Service Desk software to log and track service desk requests.

  • Amit emailed Shan on 12 October 2014 (copied to Manish and Xu), requesting that the minutes correctly reflect the Borrowing Conditions.

  • Borrowing Conditions: Customary conditions, to include no Default or Event of Default, and bringdown of representations and warranties.

  • In this regard, even with the Borrowing Conditions, questions arise as to whether the Related Party Loans made sense for DyStar.

  • There was no basis for Senda’s contention that the breach of the Borrowing Conditions was inadvertent.

  • This draft resolution made no reference to the Borrowing Conditions.


More Definitions of Borrowing Conditions

Borrowing Conditions. Customary conditions, to include no Default or Event of Default, and bringdown of representations and warranties.
Sample 1

Related to Borrowing Conditions

  • 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.

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

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving 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).

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

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

  • SOFR Borrowing means, as to any Borrowing, the SOFR Loans comprising such Borrowing.

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

  • Fixed Rate Borrowing means a Borrowing comprised of Fixed Rate Loans.

  • Base Rate Borrowing means a Borrowing comprised of Base Rate Loans.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

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

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

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • Eurodollar Rate Borrowing means a Borrowing comprised of Eurodollar Rate Loans.

  • Borrowing Notice is defined in Section 2.8.

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • 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.

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • ABR Loans Loans the rate of interest applicable to which is based upon the ABR.

  • Minimum Borrowing Amount means, with respect to any Borrowing of Loans, $500,000 (or, if less, the entire remaining Commitments at the time of such Borrowing).

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

  • Mandatory Borrowing shall have the meaning provided in Section 2.1(d).

  • Eurodollar Revolving Loan means any Revolving Loan bearing interest at a rate determined by reference to the Adjusted LIBOR Rate in accordance with the provisions of Article II.

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.