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 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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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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Examples of Borrowing Conditions in a sentence

  • In the event that any Borrowing Base Report indicates that the Borrowing Conditions are not satisfied as of the applicable Reporting Date, then, within five (5) Business Days immediately following such Reporting Date (each a “Mandatory Prepayment Date”), Borrower shall prepay an amount of principal under the Loan as shall be required to satisfy the Borrowing Conditions in full as of such Mandatory Prepayment Date.

  • CDP reserves the right to vary or amend these Securities Borrowing Conditions and/or to introduce such further terms and conditions from time to time as it may in its absolute discretion deem necessary and desirable.

  • If any provision of these Securities Borrowing Conditions is declared by any judicial or other competent authority to be void or otherwise unenforceable, that provision shall be severed from the Securities Borrowing Conditions and the remaining provisions of the Securities Borrowing Conditions shall remain in full force and effect.

  • In addition to the other conditions set forth ------------------- in this Agreement, each Tranche C Term Loan Lenders' obligation to make the First Tranche C Borrowing and the Final Tranche C Borrowing shall be conditioned upon the satisfaction of the First Borrowing Conditions and the Extension Conditions, as applicable.

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  • Conditions Precedent to Borrowing Conditions Precedent to Initial Advance ............

  • Each Party acknowledges that, it has entered into these Securities Borrowing Conditions and will enter into each Loan in consideration of and in reliance upon the fact that, all Loans constitute a single business and contractual relationship and are made in consideration of each other.

  • Unless otherwise provided in these Securities Borrowing Conditions, such variation or amendment and/or introduction of such further terms and conditions shall become effective on such date as specified in the notice of variation or amendment and/or introduction of further terms and conditions given by CDP to the Borrower.

  • The Borrower may not assign or transfer any of its rights or obligations under these Securities Borrowing Conditions.

  • Conditions to Borrowing: Conditions precedent to borrowing under ----------------------- the Bridge Facility will include (without limitation) those set forth in the Commitment Letter and Annex III attached thereto.


More Definitions of Borrowing Conditions

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

  • Revolving Credit Borrowing Request means a request made pursuant to Section 2.4 in the form of Exhibit B-4.

  • 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.

  • Eurodollar Revolving Borrowing means a Borrowing comprised of Eurodollar Revolving 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 of a Swingline Loan pursuant to Section 2.04.

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

  • Minimum Borrowing Amount means (i) for Revolving Loans, $5,000,000, and (ii) for Swingline Loans, $1,000,000.

  • 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).