Borrowing Term definition

Borrowing Term the period commencing on the date of this Agreement and ending on the close of Lender's normal business hours on the date (or if not a Business Day, the first Business Day thereafter) identified in the Schedule as the Borrowing Term Expiration Date.

Borrowing Term shall have the meaning ascribed thereto in Article 4.2.

Borrowing Term means the period of time during which Lender is committed to make advances under the Receivables Loan Agreement, which commitment shall terminate on the earlier of (a) the date which occurs eighteen (18) months after the date of the first Advance which is made by Lender after the date of this Sixth Amendment or (b) September 9, 1996.

Examples of Borrowing Term in a sentence

• Borrower shall not be entitled to obtain Advances after the expiration of the Borrowing Term unless Lender, in its discretion, agrees in writing with Borrower to make Advances thereafter on terms and conditions satisfactory to Lender.

• The 2018 Note required minimum monthly payments of principal and interest during the Borrowing Term and is secured by certain intellectual property rights of the company.

• The company had been utilizing this Line of Credit during the Borrowing Term as a source of additional operating funds for working capital needs.

• Upon the expiration of the Borrowing Term, the principal balance of the Loan (inclusive of all unpaid Tranches) shall be calculated for purposes of calculating the Maximum Permitted Outstanding Principal Balance.

• Subsequent to the expiration of the Borrowing Term, the Maximum Permitted Outstanding Principal Balance on each Required Payment Date shall equal the respective percentages set forth below of the outstanding principal balance of the Loan (inclusive of all unpaid Tranches) at the expiration of the Borrowing Term.

More Definitions of Borrowing Term

Borrowing Term the period commencing on the date of this Agreement and ending on the close of Lender's normal business hours on the date (or if not a Business Day, the first Business Day thereafter) which is twenty-four (24) months from the date of this Agreement. The Borrowing Term shall be extended for a period of twelve (12) months provided the Maturity Date has been extended at least twelve (12) months.

Borrowing Term means the period of time during which Lender is committed to make Advances under this Agreement, which commitment shall terminate on the earlier of (i) the date which occurs twelve (12) months after the date of the first Advance or (ii) March 30, 1993.

Borrowing Term has the meaning set forth in Article 4.1 hereof;

Borrowing Term the period commencing on the Closing Date and terminating upon the close of business 364 days thereafter, and as the same may be extended any number of times by the Lender, in its sole discretion, for a 364 day period that commences upon the date upon which the Borrowing Term would have expired but for the Lender's election to so extend (each such date upon which such extension occurs, an "Extension Commencement Date"); provided that the Lender shall have delivered at least sixty (60) days prior to such Extension Commencement Date written notice to the Borrower that sets forth the Lender's decision to make or not to make such election, as the case may be, or such shorter period of time as is acceptable to the Borrower, provided, further, that if the Lender shall not provide any notice of its intention to so extend, any Advance extended to the Borrower after the expiry of such 60 day period shall be conclusive evidence of acceptability to the Borrower.

Borrowing Term as defined in Article I of the Loan Agreement, is hereby amended by including therein the periods of time during which Lender is committed to make Advances under the Loan Agreement, as amended by the Thirteenth Amendment, with respect to the properties described in this Paragraph 1.3, which commitment shall terminate (a) as to the Winnxxx Xxxlding Addition, on October 31, 1996; (b) as to the Ida Xxxlding Addition, on October 31, 1996; and (c) as to the Towers Lobby Expansion, on October 31, 1996.

Borrowing Term the period commencing on the date of this Agreement and ending on the close of the Business Day (or if not a Business Day, the first Business Day thereafter) on the date identified in the Schedule as the Original Borrowing Term Expiration Date (in the event Primary Borrower does not exercise the Extension Option) or the Extended Borrowing Term Expiration Date (in the event Primary Borrower does exercise the Extension Option).

Borrowing Term the period commencing on the date