Borrowing Term means the period commencing on the date of this Agreement and ending on the close of Lender's business day (or, if such is not a normal business day of Lender, on the next business day of Lender) on the earlier of (a) the date which is twenty-four (24) months after the date of the first Advance of the Loan after March 21, 1994, or (b) May 10, 1996.
c. The following are added as new paragraphs 1.14A, 1.14B, 1.14C and 1.14D immediately after paragraph 1.14:
Borrowing Term shall have the meaning ascribed thereto in Article 4.2.
Borrowing Term the period commencing on the date of this Amendment 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 thirty-six (36) months from the date of this Amendment.
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 RCF is repayable in a bullet at the end of the Borrowing Term.
The company had been utilizing this Line of Credit during the Borrowing Term as a source of additional operating funds for working capital needs.
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.
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.
More Definitions of Borrowing Term
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 Fourth Amendment or (b) September 13, 1995.
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) February 5, 1996. The Borrowing Term shall be extended for any period of time that any Force Majeure delay prevents commencement of construction of the Project.
Borrowing Term shall have the meaning ascribed thereto in Article 4.2;
Borrowing Term the period terminating upon the close of business November 24, 1999, 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 subject to the provisions of paragraph 2.2, the period during which a Bluegreen Entity may obtain a Loan, commencing on the date of this Agreement and ending on March 31, 2001.
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 means the period of time during which Lender is committed to make advances under the Loan Agreement as amended by the Eleventh Amendment, which commitment shall terminate (a) as to Aloha Bay Phase I, on the first to occur of that date which is six (6) months after the Aloha Bay Phase I Acquisition Advance or May 31, 1996, and (b) as to Aloha Bay Phase II, on December 31, 1996.