Borrowing Conditions definition

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

Examples of Borrowing Conditions in a sentence

  • Borrowing Conditions and Limits.....................................

  • Borrowing Conditions), as the case may be, and after the Administrative Agent’s receipt of such funds, the Administrative Agent shall make such funds available to the Borrower.

  • Except for a Borrowing made as contemplated under Section 5.03, each Borrowing shall be deemed to constitute a representation and warranty by the Issuer on the date thereof as to the satisfaction of the Class A-2 Borrowing Conditions.

  • 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.

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

  • 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.

  • The Borrowing Conditions relating to the Initial Borrowing Date are set forth in Annex II.

  • Conditions to the Borrowing: Conditions precedent to initial borrowings under the Senior Credit Facilities will include (without limitation): (1) those set forth in the Commitment Letter and in Exhibit E to the Commitment Letter, (2) the accuracy of representations and warranties, (3) the absence of any continuing default or event of default, (4) receipt of a customary borrowing notice, and (5) there being no legal bar to Otsuka making the loan or the issuance.

  • With respect to the Initial Advance, the Borrowing Conditions have been met.

  • 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.
View Source