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.
Sample 1

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 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.

  • 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.

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.

  • Canadian Borrowing means a Borrowing of Canadian Loans.

  • 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.

  • 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.

  • Notice of Committed Borrowing has the meaning set forth in Section 2.02.

  • Borrowing Limit has the meaning set forth in Section 1.1(a)(i).

  • L/C Borrowing means an extension of credit resulting from a drawing under any Letter of Credit which has not been reimbursed on the date when made or refinanced as a Revolving Credit Borrowing.

  • Swingline Borrowing Request means a request by a Borrower substantially in the form of Exhibit C-2.

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

  • Swingline Borrowing means a Borrowing comprised of Swingline Loans.

  • LIBO Borrowing means a Borrowing comprised of LIBO Loans.

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

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

  • RFR Borrowing means, as to any Borrowing, the RFR Loans comprising such Borrowing.

  • Term B Borrowing means a borrowing consisting of simultaneous Term B Advances of the same Type made by the Term B Lenders.

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

  • Swingline Advance means an advance made by the Swingline Lender, if any, to the Borrower pursuant to Section 2.

  • Borrowing Notice is defined in Section 2.8.

  • Initial Borrowing Date means the date occurring on or after the Effective Date on which the initial Borrowing of Loans occurs.

  • Alternative Currency Term Rate Loan means a Loan that bears interest at a rate based on the definition of “Alternative Currency Term Rate.” All Alternative Currency Term Rate Loans must be denominated in an Alternative Currency.

  • Initial Borrowing means the first Borrowing made pursuant to this Agreement.

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

  • Letter of Credit Borrowing means any Credit Extension resulting from a drawing under any Letter of Credit that has not been reimbursed or refinanced as a Borrowing of Revolving Loans.

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

  • Borrowing Request means a request by the Borrower for a Borrowing in accordance with Section 2.03.