Examples of Borrowing Date in a sentence
If such amount is not made available to the Administrative Agent by the required time on the Borrowing Date therefor, such Lender shall pay to the Administrative Agent, on demand, such amount with interest thereon, at a rate equal to the greater of (i) the Federal Funds Effective Rate and (ii) a rate determined by the Administrative Agent in accordance with banking industry rules on interbank compensation, for the period until such Lender makes such amount immediately available to the Administrative Agent.
If such Xxxxxx’s share of such borrowing is not made available to the Administrative Agent by such Lender within three Business Days after such Borrowing Date, the Administrative Agent shall also be entitled to recover such amount with interest thereon at the rate per annum applicable to ABR borrowings, on demand, from the applicable Borrower.
The Administrative Agent shall have received a Borrowing Notice under the Commitments then in effect requesting a borrowing on a Borrowing Date within the period described in clause (a) of the definition of Availability Period.
Upon receipt by the Bank of a Borrowing Notice and satisfaction of the conditions set forth in Sections 1.03 and 1.04 below, the Bank shall transfer the principal amount of the applicable Margin Loan to the Borrower on the Borrowing Date.
Unless otherwise agreed by the Bank and the Borrower, each Margin Loan made or maintained by the Bank shall bear interest on the unpaid principal amount from the Borrowing Date until maturity (whether by acceleration or otherwise) at a rate per annum equal to the Applicable Interest Rate for such Margin Loan.