Borrowing Criteria definition

Borrowing Criteria means the criteria set forth on Exhibit C hereto.
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Borrowing Criteria means the minimum criteria described in Clause 6.3., which all the Project Owners must meet before they can be considered for a loan;
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Examples of Borrowing Criteria in a sentence

  • If Borrower fails to meet such U.S. Cash Balance criteria, subject to Borrower's satisfaction of the conditions precedent in Section 3.1 and/or Section 3.2, which conditions may be waived in Lender's discretion, notwithstanding Paragraph 1 of the Borrowing Criteria set forth on Exhibit C, Borrower shall borrow from Lender a final Credit Extension of Five Million Dollars ($5,000,000).

Related to Borrowing Criteria

  • Borrowing Request means a request by the Borrower for a Revolving Borrowing in accordance with Section 2.03.

  • 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.

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

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

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

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

  • 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.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

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

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

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

  • Competitive Borrowing means a Borrowing consisting of a Competitive Loan or concurrent Competitive Loans from the Lender or Lenders whose Competitive Bids for such Borrowing have been accepted by the Borrower under the bidding procedure described in Section 2.03.

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

  • Borrowing Base Report means a report in substantially the form of Exhibit E (or such other form approved by Administrative Agent) certified by a Responsible Officer of Borrower.

  • Borrowing Resolutions are, with respect to any Person, those resolutions substantially in the form attached hereto as Exhibit D.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • U.S. Base Rate Loan means a Loan denominated in Dollars which bears interest at a rate based upon the U.S. Base Rate.

  • Alternative Base Rate means the rate that has replaced LIBOR in customary market usage for determining floating interest rates in respect of bonds denominated in Dollars or, if the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines that there is no such rate, such other rate as the Independent Financial Adviser or the Issuer (in consultation with the Calculation Agent and acting in good faith and a commercially reasonable manner), as applicable, determines in its or the Issuer’s sole discretion is most comparable to LIBOR. If the Alternative Base Rate is determined, such Alternative Base Rate shall be the Alternative Base Rate for the remaining Interest Periods.

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

  • Proposed Borrowing Base has the meaning assigned to such term in Section 2.07(c)(i).

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

  • Letter of Credit Borrowing shall have the meaning set forth in Section 2.12(d).

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Loans of the same Type and, in the case of Eurodollar Rate Loans, having the same Interest Period made by each of the Term B Lenders pursuant to Section 2.01(b).

  • Initial Revolving Borrowing means one or more borrowings of Revolving Credit Loans or issuances or deemed issuances of Letters of Credit on the Closing Date as specified in the definition of the term “Permitted Initial Revolving Borrowing.”