Borrowing Time definition

Borrowing Time as defined in Section 2.2.
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Borrowing Time means the time at which the Company receives the proceeds of the Term Loans in accordance with Section 2.1.
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Examples of Borrowing Time in a sentence

  • Each Term Loan I Lender will make the amount of its pro rata share of each Borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to the Borrowing Time, on the Borrowing Date requested by the Borrower, in each case in immediately available Dollar funds, to the Administrative Agent.

  • Each Term Loan II Lender will make the amount of its pro rata share of each Borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to the Borrowing Time, on the Borrowing Date requested by the Borrower, in each case in immediately available Dollar funds, to the Administrative Agent.

  • Each Term Lender will make the amount of its pro rata share of each Borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to the Borrowing Time, on the Borrowing Date requested by the Borrower, in each case in immediately available Dollar funds, to the Administrative Agent.

  • Each Term Loan III Lender will make the amount of its pro rata share of each Borrowing available to the Administrative Agent for the account of the Borrower at the Funding Office prior to the Borrowing Time, on the Borrowing Date requested by the Borrower, in each case in immediately available Dollar funds, to the Administrative Agent.

Related to Borrowing Time

  • 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.

  • Borrowing Tranche means specified portions of Loans outstanding as follows: (i) any Loans to which a LIBOR Rate Option applies which become subject to the same Interest Rate Option under the same Loan Request by the Borrower and which have the same Interest Period shall constitute one Borrowing Tranche, and (ii) all Loans to which a Base Rate Option applies shall constitute one Borrowing Tranche.

  • Borrowing Date any Business Day specified by the Borrower as a date on which the Borrower requests the relevant Lenders to make Loans hereunder.