Borrowing Powers definition

Borrowing Powers means the power of the Board of Directors to borrow funds on a secured and/or unsecured basis;
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Examples of Borrowing Powers in a sentence

  • Alternative procurement options for the Health and Wellbeing Hubs, to be fully explored at Outline Business Case are: • Delivery of elements of the Care Village concept, such as Assisted Living Accommodation, in conjunction with an independent partner; and • Potential for the Highland Council to lead through the Council Borrowing Powers, as these buildings have a significant social care element.

Related to Borrowing Powers

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

  • 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.

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

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

  • 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.